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    Stocks in the news: RIL, SBI, Tata Motors, HDFC, Sun Pharma, IOC and Lakshmi Vilas Bank

    Synopsis

    JSW Energy, Ujjivan SFB and Godrej Agrovet are among companies which will declare June quarter results on Friday.

    Mortgage lender HDFC said the company's shareholders have approved raising up to Rs 1.25 lakh crore by issuing bonds or other hybrid instruments on a private placement basis.

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    NEW DELHI: Nifty futures on the Singapore Exchange traded 38 points, or 0.34 per cent higher at 11,139, in signs that Dalal Street was headed for a positive start on Friday. Here are a few stocks which may buzz the most in today's trade:

    SBI, Tata Motors, IOC and Sun Pharma: SBI, Sun Pharmaceutical Industries, IOC, UPL, Tata Motors, UCO Bank, Dr Pathlabs, Tata Chemicals, JSW Energy, Ujjivan SFB and Godrej Agrovet are among companies which will declare June quarter results on Friday.

    Reliance Industries: The company reported record net profit of Rs 13,248 crore in June quarter after one-time gain from stake sale as well as bumper telecom revenues cushioned Covid-19 hit earnings from refining, petchem and retail segments.

    HDFC: Mortgage lender HDFC said the company's shareholders have approved raising up to Rs 1.25 lakh crore by issuing bonds or other hybrid instruments on a private placement basis. The approval was received at the company's annual general meeting (AGM) held through audio visual medium.

    Lakshmi Vilas Bank: The bank reported narrowing of its net loss to Rs 112.28 crore for the first quarter of the current fiscal, even as there was a substantial spike in bad loans. The bank had posted a net loss of Rs 237.25 crore in the same period of the previous financial year.

    SpiceJet: The Airports Authority of India (AAI) has put SpiceJet operations across the country on a "cash and carry basis", presumably due to the carrier's inability to clear airport dues. However, the airline chose to say that it was business as usual for them.

    Tata Power:
    The company has received shareholders' approval to raise Rs 2,600 crore via issuance of preferential shares to its promoter Tata Sons. The resolution was approved at the company's annual general meeting (AGM) with requisite majority, it said in a regulatory filing.

    InterGlobe Aviation: The board of InterGlobe Aviation, the parent of the country's largest airline IndiGo, on Thursday decided to further deliberate on plans to raise funds. A day after announcing financial results for the June quarter, the company's board met on Thursday to discuss fund raising.

    GMR Infrastructure: The company's consolidated net loss for the quarter ended March 31 narrowed to Rs 1,126.82 crore against Rs 2,341.24 crore loss in the January-March period in FY19, a filing from the company with the bourses said on Thursday.

    Tata Communications: The stock posted over threefold jump in its consolidated profit after tax to Rs 258 crore in the first quarter ended June 30, on the back of jump in data business. The company had registered a profit of Rs 77 crore in the corresponding period of the previous year.

    Max Financial Services (MFSL): The NBFC reported an over three-fold jump in consolidated net profit to Rs 182 crore for the June quarter on the back of a strong performance by its life insurance arm. MFSL had posted a net profit of Rs 54.24 crore in the corresponding April-June period of the previous fiscal.

    NFL: State-owned National Fertilizers reported a consolidated net loss of Rs 181.06 crore in 2019-20 fiscal due to reversal of subsidy amount accrued between 2014 and 2019. The company had posted a net profit of Rs 293.97 crore in the previous financial year, according to a regulatory filing.

    REC: State-owned REC Power Distribution Corp said it removed a Chinese firm from the smart meter project in Jammu and Kashmir soon after the government order on sourcing of equipment from 'prior reference' nations.

    Reliance Infrastructure: The company reported a consolidated net loss of Rs 288.41 crore for the quarter ended June 30. The company had clocked a consolidated net profit of Rs 299 crore in the corresponding quarter of the previous fiscal, the company said in a statement.

    Torrent Pharma: Drug firm Torrent Pharmaceuticals reported a 48.61 per cent rise in its consolidated net profit to Rs 321 crore for the quarter ended June 30, 2020, mainly on account of robust sales in the Indian market. The company had posted a net profit of Rs 216 crore for the corresponding period of the previous fiscal, Torrent Pharmaceuticals said in a BSE filing.

    Tata Steel BSL: The company reported a consolidated net loss of Rs 650 crore in the quarter ended June 30, mainly on account of reduced income. The company had posted a net profit of Rs 111 crore during the same quarter a year ago, Tata Steel BSL said in a BSE filing.

    Essel Propack: The tube-packaging company reported a 13.96 per cent increase in consolidated net profit to Rs 45.62 crore for the June quarter. The company had posted a net profit of Rs 40.03 crore in the April-June period a year ago, Essel Propack said in a BSE filing.

    Great Eastern Shipping Company: The company reported Rs 467.74 crore profit on a consolidated basis for the quarter ended June 30. The country's largest private ship liner had posted a loss of Rs 53.96 crore in the year-ago period, the company said in a BSE filing.

    Jet Airways: The airline, which is undergoing an insolvency resolution process, has acquired ownership of six Boeing aircraft along with engines, according to a regulatory filing.

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    1 Comment on this Story

    User59 days ago
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