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    Stocks in the news: TCS, RIL, Tata Motors, Ruchi Soya, IRCTC, SAIL and LVB

    Synopsis

    CIL said it has lined up Rs 10,000 crore as capital expenditure (capex) for the current financial year.

    Agencies
    HCC reported a consolidated net profit of Rs 311.38 crore for the quarter ended March 31, 2020.

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    Nifty futures on the Singapore Exchange traded 58.5 points, or 0.54 per cent lower at 10,776.50, in signs that Dalal Street was headed for a negative start on Friday. Here are a few stocks which may buzz the most in today's trade:

    Reliance Industries: Oil-to-telecom conglomerate Reliance Industries said the company along with energy major BP have started their new Indian fuels and mobility joint venture, Reliance BP Mobility Ltd (RBML).

    Tata Consultancy Services (TCS): TCS which kickstarted the June quarter earnings season on Thursday, said it felt the Covid-19 impact across business verticals, barring two -- lifesciences and healthcare. The IT behemoth reported a 13.81 per cent year-on-year (YoY) decline in profit, and broadly missed Street estimates.

    Tata Motors: Tata Motors said Jaguar Land Rover (JLR) retail sales for the quarter ended June were significantly impacted by coronavirus in line with the unprecedented market conditions, but improved month-on-month through the quarter.

    Ruchi Soya Industries: The company which is owned by Baba Ramdev-led Patanjali Ayurveda, has appointed Sanjeev Asthana as its CEO. Sanjeev Asthana has joined as Chief Executive Officer of the company with effect from July 6, 2020, according to a regulatory filing.

    Hindustan Construction Company (HCC): HCC reported a consolidated net profit of Rs 311.38 crore for the quarter ended March 31, 2020. The company had clocked a loss of Rs 883.18 crore in the corresponding quarter of 2018-19, it said in a regulatory filing to the BSE.

    Punjab National Bank: The country’s second largest lender Punjab National Bank said it would raise upto Rs 10,000 crore through a share and bond sale. The bank said it would explore raising funds through a combination of QIP, FPO, rights issue and issuance of tier-2 bonds.

    Coal India: The world's largest coal miner said it has lined up Rs 10,000 crore as capital expenditure (capex) for the current financial year.

    DHFL: State-owned Punjab National Bank on Thursday said it has reported a fraud of Rs 3,688.58 crore in NPA account of Dewan Housing Finance Ltd (DHFL) to the RBI. The DHFL came in the eye of the storm after a report suggested that the company, through layers of shell companies, allegedly siphoned off Rs 31,000 crore out of total bank loans of Rs 97,000 crore.

    PNB Housing Finance: PNB Housing Finance is actively looking to sell down corporate assets and raising focus on the mass housing segment even as disbursement is likely to shrink this financial year.

    Future Consumer, Lakshmi Vilas Bank, IRCTC, Steel Authority of India: These companies are scheduled to announce their March quarter earnings on Friday.

    Karnataka Bank: The lender is slated to announce its June quarter earnings on Friday.
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    The Economic Times