Stocks in the news: SBI, Coal India, Religare Enterprises and Ashoka Buildcon


Nifty futures on Singapore Exchange traded 54 points, or 0.34 per cent lower at 15,746.50 signaling that Dalal Street was headed for a positive start on Friday. Here are a dozen stocks that may buzz the most in today’s trade:

Ashoka Buildcon, : Gujrat Fluorochemicals, Timken India, The Fertilizers and Chemicals Travancore,

, RattanIndia Enterprises, and Dhani Services, are among the companies that will announce their March quarter results today.

SBI Cards: US private equity fund CA Rover Holdings, an affiliate of Carlyle Asia Partners, is looking to sell a 5.1 per cent stake in SBI Cards and Payment Services worth $682 million (₹5,000 crore) through a block deal on Friday, a term sheet seen by ET showed.

Religare Enterprises: The company is is considering an initial public offer (IPO) of up to Rs 2,000 crore for its health insurance subsidiary Care Health Insurance, where it plans to issue fresh shares, market insiders said.

Coal India: The state=owned coal miner is debating on hiking coal price for the regulated sector and may take a call soon. Costs are on the rise for the miner but realisation remained muted without revision of coal price for the regulated sector.

Jammu & Kashmir Bank: The state-owned lender reported a net profit of nearly Rs 316 crore for the January-March 2021 quarter, and said it is the highest quarterly profit since March 2014. The lender had posted a net loss of Rs 294.10 crore in the corresponding quarter of the previous year.

India: The state-owned firm posted over six per cent rise in its consolidated net profit to Rs 3,526.23 crore for the March 2021 quarter, mainly on the back of higher revenues. The company’s consolidated net profit had stood at Rs 3,313.47 crore in the quarter ended on March 31, 2020.

Max Financial Services: Max Ventures Investment Holdings, promoter of Max Financial Services, divested the company’s shares worth Rs 783 crore through an open market transaction. According to bulk deal data available with the NSE, Max Ventures offloaded a total of 78,28,217 shares of Max Financial Services.

Tube Investments of India: The Murugappa Group firm has reported standalone net at Rs 129.12 crore for the quarter ending March 31, 2021, the city-based Murugappa Group company said on Thursday. The company had reported standalone profit after tax at Rs 73.55 crore during the corresponding quarter previous year.

Venus Remedies: The drug firm said it has won a 10-year-long patent battle against French firm SCR Pharmatop with regards to production of the intravenous paracetamol solution in the country.

State Bank of India: The largest PSU lender has invited bids for two NPA accounts with outstanding dues of nearly Rs 60 crore. “In terms of the bank’s policy on sale of financial assets, in line with the regulatory guidelines, we place these accounts for sale to ARCs/ banks/ NBFCs/ FIs, on the terms and conditions indicated there against,” SBI said.

Hindustan Petroleum Corporation: The oil marketing firm has become the first oil firm to start supplies of ethanol-blended petrol in Jammu & Kashmir and Ladakh region. The fuel to the Ladakh region is supplied from its Leh depot, situated at an altitude of 11,500 feet, HPCL said.

Natco Pharma: The drug firm said its consolidated net profit declined by 43 per cent to Rs 53 crore for the fourth quarter ended March 31, 2021. The Hyderabad-based company had posted a net profit of Rs 93 crore for the January-March quarter of 2019-20 fiscal.

Novartis India: The pharmaceuticals firm reported a 43 per cent increase in net profit at Rs 9.7 crore for the fourth quarter ended March 31, 2021. The company had posted a net profit of Rs 6.78 crore in the same quarter of the previous fiscal.

Power Mech Projects: The construction and Engineering company posted over 14 per cent rise in its consolidated net profit at Rs 36.08 crore in March ended the quarter on the back of higher revenues. The consolidated net profit of the company was Rs 31.54 crore in the quarter ended on March 31, 2020.


(ITDC) has signed a pact with the Central Industrial Security Force (CISF) to provide its online travel solution, according to a company statement. Ashok Travels and Tours (ATT), the travel division of ITDC, will provide an online travel solution for booking air tickets and travel-related services to 414 units and commands of CISF.

Hindustan Media Ventures: The media firm reported a 20.1 per cent decline in its consolidated net profit to Rs 22.07 crore for the fourth quarter ended March 31. The company had posted a net profit of Rs 27.62 crore in the January-March quarter a year ago.


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