Stocks in the news: Bharti Airtel, Tata Motors, SBI, M&M Financial and Amara Raja


Nifty futures on the Singapore Exchange traded 19.5 points, or 0.17 per cent, higher at 11,794, 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:

Earnings today: Bharti Airtel, Tata Motors, Amara Raja Batteries, Ceat, Castrol, ICICI Prudential Life Insurance, JM Financial, 63 Moons and VST Industries are among companies that are slated to announce their financial result for September quarter on Tuesday.

HDFC Bank: At 5:30 pm on Monday, Aditya Puri stepped out of HDFC Bank’s corporate headquarters after handing over charge to Sashidhar Jagdishan as the new chief executive and managing director of the largest private sector lender.

Mahindra and Mahindra Financial Services: The company reported a 34 per cent jump in consolidated net profit at Rs 353 crore for the second quarter ended September of this fiscal. It had posted a net profit of Rs 264 crore during the corresponding quarter a year ago.

GHCL: The chemicals and textiles manufacturer reported a 27.71 per cent decline in consolidated net profit to Rs 84.86 crore for the quarter ended September 2020. The company had posted a consolidated net profit of Rs 116.84 crore in the July-September period a year ago, GHCL said in a regulatory filing.

SBI: The bank on Monday said it has raised Rs 5,000 crore by issuing Basel-III compliant bonds.

Cummins India: Engines and power equipment manufacturer Cummins India said it has successfully completed BS-IV emission standard certification tests for its wheel equipment at the International Centre for Automotive Technology (ICAT).

READ  Battle over oil discovery is test case for Mexico investors

NTPC: State-owned power giant NTPC said its board will on November 2 consider a proposal to buy back the company’s equity shares.

Balkrishna Industries: Leading off-highway tyre manufacturer Balkrishna Industries that sells under the BKT brand expects its domestic market share to double in the next couple of years to over 12 per cent.

Coforge: Hulst B V, the promoter of IT firm Coforge, on Monday sold 38 lakh shares of the company for more than Rs 878 crore. The company was earlier known as NIIT Technologies.

AU Small Finance Bank: The company said customer spending is getting back to pre-Covid levels and its festive season offer has witnessed 23 per cent rise in per day debit card spends.

Bajaj Auto: The auto major on Monday launched an upgraded version of its entry level 100-cc motorcycle CT100 priced at Rs 46, 432 (ex-showroom Delhi).

Torrent Pharma: Drug firm Torrent Pharmaceuticals reported a 27.04 per cent rise in consolidated net profit to Rs 310 crore for the quarter ended September, mainly on account of robust sales in India and reduction in expenses.





READ SOURCE

LEAVE A REPLY

Please enter your comment!
Please enter your name here