Nifty futures on the Singapore Exchange traded 32 points, or 0.27 per cent higher at 12,871, in signs that Dalal Street was headed for a positive start on Tuesday. Here are a few stocks which may buzz the most in today’s trade:
BPCL: The government on Monday received ‘multiple’ bids for buying out its stake in India’s second-biggest fuel retailer BPCL but billionaire Mukesh Ambani’s Reliance Industries as well as supermajors Saudi Aramco, BP and Total did not make a bid.
Larsen & Toubro: The engineering and construction giant has emerged as the lowest bidder for a Rs 3,200 crore project to build a road bridge over the Brahmaputra river, according to an NHIDCL official.
NBCC: State-owned construction firm NBCC (India) Ltd on Monday said it has bagged business orders worth Rs 1,165.52 crore last month.
Reliance Industries: Billionaire Mukesh Ambani-owned Reliance Industries’ retail arm has picked up 96 per cent stake in online furniture retailer Urban Ladder for over Rs 182 crore.
Ruchi Soya: The edible oil firm , which is owned by Patanjali Ayurved, will launch a follow-on public offer (FPO) next year to bring down promoters’ shareholding in the company, said Swami Ramdev.
Prestige Estates: Realty firm Prestige Estates Projects’ sales bookings rose 9 per cent year-on-year to Rs 1,123.3 crore during September quarter on better demand for its residential properties despite the COVID-19 pandemic.
Toyota Kirloskar Motor: The company said its Dhanteras retail sales spiked 12 per cent this year as compared to last year and it expects November volumes to be more bullish over the previous month.
ONGC: India’s top oil and gas producer ONGC booked a Rs 1,238-crore impairment loss, which together with a fall in prices led to a 55 per cent drop in the company’s September quarter net profit.
Magma Fincorp: Affordable housing-focused Magma Housing Finance, a subsidiary of Magma Fincorp, is targeting to sell at least 25 per cent more loans in the second half of this fiscal as its business has almost returned to pre-lockdown levels
Wipro: TT services major Wipro on Monday said it has partnered with SNP Schneider-Neureither & Partner SE to help SNP’s customers worldwide to migrate to SAP S/4HANA.
GAIL: The much-delayed Kochi-Mangalore natural gas pipeline project is finally ready for commissioning any day from now as the national energy major Gail India has completed the final 540-metre treacherous stretch across the Chandragiri river in northern Kerala, according to a senior company official.
Coal India: The state-owned firm said it has issued tenders for all 35 mining projects identified for mechanised transportation of dry fuel and setting up coal handling plants and silos for rapid loading at an estimated cost of Rs 12,500 crore.
DHFL: Debt-laden Dewan Housing Finance Corporation (DHFL) on Friday said there has been a delay in submitting results for the July-September period of FY2020-21 due to the coronavirus situation.
GIC RE: General Insurance Corporation of India (GIC Re) reported a net profit of Rs 230.06 crore for the quarter ended September 2020.
Tata Steel: The company said its consolidated net profit declined about 50 per cent to Rs 1,665.07 crore in the September 2020 quarter.
Satin Creditcare Network: The company reported a 70 per cent drop in consolidated profit after tax at Rs 16 crore for the September quarter, hit by higher provisioning and lower disbursements amid the lockdown.
Punjab National Bank: State-run Punjab National Bank said the RBI has imposed a penalty of Rs 1 crore on it for contravention of the Payment and Settlement Systems Act.
NIIL Infrastructures: The National Company Law Tribunal (NCLT) has approved a Rs 103-crore bid to acquire debt-ridden NIIL Infrastructures, which is developing a housing project in Agra, Uttar Pradesh.
Eveready Industries: Battery and flashlights maker reported over three-fold jump in consolidated net profit to Rs 57.22 crore for the second quarter ended September, helped by improved gross margin and lower cost of operations.
