NEW DELHI: Nifty futures on the Singapore Exchange traded 10.5 points, or 0.09per cent higher at 11,464.50, 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:
Grasim Industries: Aditya Birla Group’s flagship company Grasim Industries is going ahead with its Rs 3,523-crore viscose fibre business brownfield expansion in Gujarat, albeit with revised timelines, after having attained 75 per cent capacity utilisation levels in the June quarter.
SAIL: Domestic steel major SAIL posted a consolidated net loss of Rs 1,226.47 crore for the first quarter ended June 30, mainly on account of reduced income. The company had posted Rs 102.68 crore net profit in the year-ago quarter, Steel Authority of India Ltd (SAIL) said in a BSE filing.
Future Retail: The company reported a consolidated net loss of Rs 561.95 crore for the first quarter ended June 2020. The company had posted a net profit of Rs 159.24 crore in the April-June quarter a year ago, Future Retail Ltd (FRL) said in a BSE filing.
ICICI Bank: The bank said it has got exemption from paring stake in its life and non-life subsidiaries to 30 per cent for a period of three years.
HDFC: JP Morgan Funds purchased shares of Housing Development Finance Corp Ltd (HDFC) worth Rs 288 crore through an open market transaction.
NBCC: State-owned NBCC reported a 80 per cent decline in its consolidated net profit at Rs 10.28 crore for the quarter ended June. The company’s net profit stood at Rs 51.46 crore in the year-ago period.
Indiabulls Housing: The HFC said it has raised about Rs 1,205 crore over the last few days through its qualified institutional placement (QIP) and partial stake sale in UK-based OakNorth Bank.
Srei Infrastructure Finance: The company reported over 46 per cent decline in its consolidated net profit at Rs 23.01 crore for the quarter ended June 2020.
BSE: Deutsche Boerse, which held a 4.4 per cent stake in BSE, sold 12,00,000 shares in the company to Acacia Banyan Partners (Ruanne Cunniff & Gold Farb Inc), Acacia Conservation Fund (Ruanne Cunniff), Ruanne Cunniff And Gold Farb Inc A/C Acacia Partners LP, and Ruanne Cunniff And Gold Farb Inc A/C Acacia II Partners LP, and Ruanne Cunniff And Gold Farb Inc A/C Acacia Institutional Partners LP at Rs 549 per share.
Ashok Leyland: In a bid to accelerate its path to break into top 10 global commercial vehicle market, Ashok Leyland on Monday expanded its presence into a resilient light commercial vehicle market with the new generation Phoenix platform and de-risk itself from the cyclical medium and heavy truck segment, which is witnessing its worst time post Pandemic.
Voltas: Engineering solutions provider Voltas on Monday said it completed two sewage treatment plants in Bihar under the Namami Gange project, which will be virtually inaugurated by Prime Minister Narendra Modi on Tuesday.
Dabur India: Leading ayurvedic and natural health care company Dabur India on Monday forayed into the edible oil segment with the launch of its cold pressed mustard oil.
Raymond: The company reported widening of its consolidated net loss to Rs 247.60 crore in the first quarter ended June 2020, impacted by COVID-19 and subsequent lockdowns. The company had a net loss of Rs 12.20 crore during the April-June quarter of the previous fiscal, Raymond said in a regulatory filing.
Apollo Hospitals: The company reported a consolidated net loss of Rs 226.24 crore for the quarter ended June 30, 2020 on account of the impact of COVID-19 pandemic. The company had posted a net profit of Rs 49.15 crore for the year-ago same period, Apollo Hospitals said in a filing to BSE.
Indian Bank: Indian Bank said it would raise about Rs 1500-2,000 by selling additional Tier-1 (AT1) bonds in the December quarter, if the market conditions improve so that it can mobilise resources at a much competitive price.
Indoco Remedies: Drug firm Indoco Remedies on Thursday said it has received approval from the US health regulator for Olanzapine tablets, indicated for the treatment of schizophrenia and bipolar disorder.
Greenply Industries: Jwalamukhi Investment Holdings sold 7,13,108 shares of Greenply Industries at Rs 90.50 per share. It held 9.55 per cent stake in the company at the end of June.
Satin Creditcare Network: Kora Investments LLC sold 22,30,307 shares of Satin Creditcare Network at Rs 64.18 per share. It held 4.59 per cent stake in the company at the end of June.
Tata Elsxi: William Blair International Growth Fund bought 3,12,484 shares of Tata Elxsi at Rs 1,304 per share.