Nifty futures on the Singapore Exchange traded 49 points, or 0.44 per cent lower at 11,055 , in signs that Dalal Street was headed for a negative start on Monday. Here are a few stocks which may buzz the most in today’s trade:
IRB Infrastructure Developers: The company said it has received an award letter from NHAI for executing a stretch of Vadodara-Mumbai Expressway at a cost of Rs 1,755 crore. With this award, the company’s order book now stands at Rs 13,755 crore.
ABB Power, ABB: The investors in ABB Power Products & Systems India have requested market regulator Sebi to examine the open offer price offered by promoter ABB and Hitachi as it is less than the price dictated by guidelines.
Bharti Airtel, Vodafone Idea: Not satisfied with responses submitted by Bharti Airtel and Vodafone Idea on priority plans, regulator Trai has shot off additional “technical” queries to both the telcos and asked them to explain their stand on August 4, a source said.
Maruti Suzuki, Hero MotoCorp: July auto sales numbers showed a solid bounceback. Top industry players seem to be leading the sector’s crawlback to normalcy amid an easing coronavirus lockdown. Sales of Maruti Suzuki and Hero MotoCorp returned to levels seen a year ago in July. TVS Motor, Eicher Motor, Mahindra and Mahindra also reported their July auto sales figures on Saturday.
Exide Industries, VST Industries, Dixon Tech: Exide Industries, Dhanlaxmi Bank, VST Industries, Astral Poly Technik, Dixon Technologies, Hikal, MRPL, PTC India Financial Services and Tata Consumer Products are slated to announce their financial results on Monday.
Lupin: Drug major Lupin is recalling 35,928 bottles of a generic antibiotic drug in the US market following unfavourable result in retention samples, the US health regulator said in a report.
Tata Motors: Hit hard by the coronavirus pandemic, homegrown auto major Tata Motors on Friday reported a consolidated net loss of Rs 8,443.98 crore for the first quarter ended June 2020. The company had posted a net loss of Rs 3,679.66 crore in the year-ago quarter.
IOC: Indian Oil Corporation (IOCL) will invest Rs 13,805 crore to set up a plant in Odisha’s Paradip to manufacture raw materials for the textile sector, an official said on Sunday. The project is expected to be completed by 2024, he said.
Cadila Healthcare: Pharma firm Cadila Healthcare is bullish about its growth momentum in the United States driven by new product launches and expansion in overall product offerings. According to the Cadila Healthcare’s annual report for fiscal year 2019-20, the company is planning to introduce additional “topical, transdermal and injectable products” in coming years.
CreditAccess Grameen: Microfinance lender CreditAccess Grameen reported over 22 per cent decline in consolidated net profit at Rs 75 crore in April-June quarter. The lender had registered a net profit of Rs 96 crore in the corresponding quarter of the previous fiscal year.
Escorts: Farm equipment and engineering major Escorts expects to do comparatively better this fiscal than last year, driven by its agri-business division despite the impact of the coronavirus pandemic, according to PTI.
Tata Power: Tata Power said it plans to double its consumer base in the distribution business to 10 million over the next five years.
Bayer Cropscience: The company said it has provided 5,500 litres of Deltamethrin chemical for locust control activities in Rajasthan and Punjab. “Since chemical control measures are highly effective for locust management, Bayer CropScience is supporting the government initiative by providing 5,500 litres of Deltamethrin for locust control activities in the states of Rajasthan and Punjab,” a company statement said.
Hinduja Global: Hinduja Global Solutions (HGS), the BPO arm of the diversified Hinduja group, has posted a decline of 17.8 per cent in consolidated net profit at Rs 44.8 crore in the March 2020 quarter. The company had registered a net profit of Rs 54.5 crore in January-March 2019, HGS said in a regulatory filing.
MMTC: State-owned MMTC on Friday reported a loss of Rs 271.37 crore for the March quarter of 2019-20. It had posted a profit of Rs 11.76 crore in the corresponding period of 2018-19.
Blue Dart Express: Logistics player Blue Dart Express on Friday reported a consolidated net loss of Rs 125.84 crore in the April-June quarter, hit by coronavirus induced lockdowns. The company had posted a consolidated net profit of Rs 5.99 crore in the corresponding quarter a year ago, the company said in a BSE filing.
Reliance Home Finance: The company reported a net loss of Rs 161.34 crore during the first quarter of 2020-21 due to a fall in interest income. The Reliance Capital subsidiary had posted a net profit of Rs 48.63 crore in the same quarter of the previous fiscal year.
Saregama: Music label Saregama India reported a consolidated net profit of Rs 15.76 crore for the April-June quarter this year helped by increased consumption of content on digital media during the coronavirus-induced lockdown period. It had posted a net loss of Rs 1.24 crore in the April-June quarter last fiscal.
Future Lifestyle Fashions: The company reported a consolidated loss of Rs 148.65 crore for the quarter ended on March 2020. It had posted a profit after tax of Rs 74.67 crore during the January-March quarter a year ago.
