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Stocks in the news: Vodafone Idea, Axis Bank, ONGC, Tata Steel and Aditya Birla Fashion – Economic Times

Nifty futures on the Singapore Exchange traded 76.50 points, or 0.75 per cent higher at 10,323.50, 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:

Vodafone Idea, ONGC: Bajaj Healthcare, Cera Sanitaryware, Cupid, Deepak Fertilisers, Goa Carbon, Hindustan Motors, Ircon International, Vodafone Idea, Lovable Lingerie, Nirlon, ONGC and Rajesh Exports are among the companies scheduled to announce their results on Tuesday.

Aditya Birla Fashion: The board of Aditya Birla Fashion & Retail approved Rs 995-crore rights issue that will open on July 8.

Axis Bank: The private lender its board will meet on Thursday to explore raising funds through shares or depository receipts.

Tata Steel: The steel maker posted a consolidated net loss of Rs 1,095.68 crore for the quarter ended March 31, compared with a net profit of Rs 2,430.92 crore in the corresponding quarter last year.

HDFC Bank: The bank plans to sell perpetual bonds worth up to Rs 50,000 crore, with India’s most valued lender seeking its board’s approval through an enabling resolution for the capital raising.

Dilip Buildcon: The company said it has raised Rs 200 crore through an issue of non-convertible debentures (NCDs) on a private placement basis.

Parag Milk Foods: The company reported a 67.71 per cent decline in profit after tax (PAT) to Rs 10.10 crore for the quarter ended March 31. The company’s PAT had stood at Rs 31.28 crore in the year-ago quarter.

Minda Industries: The auto component maker reported a massive 83 per cent dip in consolidated net profit to Rs 13 crore in the March quarter of FY2020. The company had posted a profit of Rs 76 crore in the last quarter of 2018-19.

Indian Bank: State-owned Indian Bank on Monday said it plans to raise about Rs 5,000 crore through bonds to fund its business growth. The decision to raise funds was taken in its board meeting held on Monday.

Essar Shipping: The company said its consolidated net loss narrowed to Rs 1,538.82 crore in the fourth quarter ended March 31. The company had reported a total comprehensive net loss of Rs 3,581.19 crore for the corresponding quarter of 2018-19.

SJVN: The state-run power producer reported a 13 per cent decline in consolidated net profit to Rs 399.21 crore for the January-March quarter compared to the year-ago period. The consolidated net profit was Rs 458.76 crore in the quarter ended on March 31, 2019, a regulatory filing said.

Laurus Labs: Bluewater Investment sold 12,489,596 shares in Laurus Labs at Rs 506.07 per share, while BNP Paribas Arbitrage, Government Pension Fund Global, and MK Ventures bought 1,500,000 shares, 941,732 shares and 758,000 shares in the company at Rs 504.25, Rs 504 and Rs 508.20 respectively. As at end March, Bluewater Investment held 19.63 per cent stake in the company

Wheels India: Titan Europe sold 3,431,845 shares of Wheels India at Rs 427.60 per share, while IDFC Mutual Fund, HDFC Mutual Fund, Sundaram Finance Holdings, Indian Motor Parts & Access, Royal Sundaram Alliance Insurance Co bought the company’s shares at the same price.

Tourism Finance Corporation: Beacon Trusteeship and ICM Finance sold 31,84,498 shares and 7,20,088 shares of Tourism Finance Corporation at Rs 36.52 and Rs 36.19 respectively.

GIC Housing Finance: The HFC reported a 48 per cent decline in its net profit to Rs 26.40 crore for the fourth quarter ended March 31.

Raymond: : The company reported a consolidated net loss of Rs 69.10 crore for the fourth quarter ended March 2020, impacted by the coronavirus-induced lockdown.

Bharat Forge: The auto components major reported a consolidated net loss of Rs 68.59 crore in the fourth quarter ended March 31, on account of lower revenue and impairment of its investment in associate firm Tevva Motors Jersey Ltd due to the coronavirus pandemic.

MRF: Tyre major posted over two-fold surge in consolidated net profit to Rs 679.02 crore for the fourth quarter ended March 31. The company had reported a net profit of Rs 293.93 crore for the same period of 2018-19 fiscal.

Central Bank of India: Central Bank of India on Monday reported narrowing of loss to Rs 1,529.07 crore for March quarter 2019-20 as provisions for bad loans declined.