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Stocks to Watch: Future Retail, Tata Steel, InterGlobe Aviation, Bharti Airtel – Mint

Here’s a list of top 10 stocks that may be in news on Wednesday:

Future Retail: The company reported a consolidated net loss of 846.92 crore for the third quarter ended 31 December 2020 as business operations continued to be impacted by the pandemic. Future Retail Ltd had posted a net profit of 164.56 crore in the October-December quarter a year ago.

Tata Steel: The company swung back into black in the October-December quarter posting a consolidated profit of 4,010.94 crore on the back of increased income. Tata Steel had clocked a loss of 1,228.53 crore in the year ago quarter.

InterGlobe Aviation: The parent company of budget carrier IndiGo has paid 2.10 crore to the Securities and Exchange Board of India (Sebi) to settle IndiGo co-founder Rakesh Gangwal’s complaints of related-party transactions and violation of corporate governance norms.

Telecom companies: Bharti Airtel, Reliance Jio and Vodafone Idea have submitted applications to participate in the 3.92 lakh crore spectrum auction scheduled to start from March 1, according to a PTI report.

Glenmark Pharmaceuticals: The board of directors of the company will meet on 12 February to consider buyback of its Singapore-listed foreign currency convertible bonds (FCCBs).

Coffee Day Enterprises: The company reported narrowing of consolidated net loss to 97.11 crore for the three months ended December 2020. Coffee Day Enterprises Ltd had posted a net loss of 184.94 crore in the October-December period a year ago.

Torrent Power: The company reported an over 23% decline in consolidated net profit at 321.73 crore for the December quarter, mainly due to a one-off gain in the year-ago period. The consolidated net profit of the company stood at 420.62 crore in the quarter ended December 31, 2019. The board of directors also approved interim dividend of 5.50 per equity share of 10 each fully paid up for 2020-21.

Dhanlaxmi Bank: Private sector lender Dhanlaxmi Bank registered 44.5% dip in net profit to 11.81 crore in the third quarter ended December 2020 on muted retail business even as bad loan ratio declined. The bank’s net profit was 21.28 crore in the year-ago period.

Raymond: The company reported an 88.7% plunge in its consolidated net profit to 22.18 crore for the quarter ending December 2020. Raymond had posted a net profit of 196.83 crore during the October-December period of the previous fiscal.

Jammu & Kashmir Bank: The lender reported a 32.8% rise in its net profit at 65.94 crore for the quarter ended in December. Jammu & Kashmir Bank had posted a net profit of 49.64 crore in the year-ago period.

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