Stocks in the news: Tech Mahindra, Nestle, Tatva Chintan, MGL and Route Mobile


Nifty futures on the Singapore Exchange traded 10.5 points, or 0.07 per cent higher at 15,765.50, signaling that Dalal Street was headed for a mildly positive start on Thursday. Here are a dozen stocks which may buzz the most in today’s trade:

Tech Mahindra, Indus Towers, Colgate:

, Indus Towers, (India), Container Corporation of India, Laurus Labs, Company, Deepak Nitrite, , , , Ajanta Pharma and Avaas Financiers are among the company that will announce quarterly earnings today

Tatva Chintan Pharma Chem: The chemical producer will make is Dalal Street debut today. Tatva Chintan’s Rs 500 crore IPO was subcribed over 180 times. The company sold shares at a fixed price band of Rs 1,073-1,083. The company was commading a hefty premium of Rs 1,140-1,150 in grey market a day ago.

Nestle India: The FMCG major reported a 10.68 per cent increase in its net profit to Rs 538.58 crore for the second quarter ended June 30, driven largely by an increase in sales volume of key products. The company, which follows the January-December financial year, had posted a net profit of Rs 486.60 crore in the corresponding period last year.

India: The country’s largest carmaker MSI reported a consolidated net profit of Rs 475 crore for the first quarter ended June 30. The auto major had posted a consolidated net loss of Rs 268 crore in the April-June quarter of 2020-21.

HDFC: The country’s largest mortgage lender HDFC said it has enhanced its existing limit to raise capital through medium-term notes to up to $2.8 billion (about Rs 20,875.65 crore).

Ashok Leyland: Hinduja group flagship firm will invest up to $200 million (nearly Rs 1,500 crore) in its electric vehicles journey through its UK-based arm Switch Mobility in the next few years, according to company officials.

United Breweries: The beverage maker reported a consolidated net profit of Rs 30.94 crore for the quarter ended June. The company had posted a net loss of Rs 114.50 crore during the April-June period of the previous fiscal.

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Mahanagar Gas: The firm that retails CNG and piped cooking gas in Mumbai and other places, reported a 351 per cent jump in its June quarter net profit as volumes recovered over a low base of last year.

Adani Group: The National Securities Depository Ltd (NSDL) has clarified that only the GDR accounts of Abula Investments, APMS Investment and Cresta Fund – three foreign portfolio investors having stakes in Adani group companies – have been frozen.

Sonata Software: The IT solution provider said it will acquire US-based IT services company Encore Software Services, a move that will enhance its capabilities in cloud engineering, application development and maintenance and data management.

Icra: The rating firm reported a 43 per cent jump in its consolidated net profit to Rs 24.34 crore for the first quarter ended June 30. It had posted a net profit of Rs 17.05 crore in the year-ago period.


Developers:
The realty firm reported a consolidated net loss of Rs 14.04 crore for the quarter ended June and also announced bonus issue of equity shares to shareholders in the ratio of 2:1. The company had posted a net loss of Rs 20.50 crore in the year-ago period.

Yes Bank, IB Housing: Yes Bank and Indiabulls Housing Finance have come forward for a strategic co-lending tie-up to source and service home loans. Under this strategic co-lending agreement, they will offer home loans to homebuyers at competitive interest rates.


Birlasoft:
The CK Birla Group comapny said its consolidated net profit more than doubled to Rs 113.6 crore for the June 2021 quarter. The company had posted a profit of Rs 56.3 crore for April-June 2020, Birlasoft said.

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Happiest Minds Technologies: The IT firm has reported a nearly 29 per cent decline in consolidated net profit to Rs 35.73 crore in the June 2021 quarter. The company, which got listed on BSE and NSE last year, had posted a net profit of Rs 50.18 crore in the year-ago period.

Route Mobile: The communication services firm posted a 27.44 per cent jump in consolidated profit after tax to Rs 34.3 crore for the first quarter ended June 30, 2021, according to the company’s regulatory filing. The company had registered a profit of Rs 26.9 crore in the corresponding quarter a year ago.

Tata Coffee: The Tata group’s beverage producer reported a 26 per cent decline in consolidated net profit at Rs 46 crore for the quarter ended June 2021. The company’s net profit during the corresponding quarter of 2020-21 stood at Rs 62 crore.


IDBI Bank:
The LIC-owned bank reported a four-fold jump in its standalone profit after tax to Rs 603 crore in the June quarter, aided by higher growth in net interest income (NII) and improvement in asset quality. The lender had reported a standalone profit after tax of Rs 144 crore in the corresponding quarter of the previous fiscal.


Radico Khaitan:
The liquor maker reported a 35.65 per cent increase in its consolidated net profit at Rs 60.87 crore for the first quarter ended June 2021. The company had posted a consolidated net profit of Rs 44.87 crore in the April-June quarter a year ago.


ABB India:
The heavy electrical equipment company posted a four-fold jump in its net profit to Rs 68 crore in the June quarter compared to the year-ago period mainly due to higher revenues. The net profit of the company from continuing operations was Rs 17 crore in the quarter ended on June 30, 2021.

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JM Financial: The financial services company reported a consolidated net income of Rs 203.14 crore for the quarter to June, up 117 per cent over the same period in 2020, primarily on account of a low base due to the nationwide lockdown in the pandemic-hit year.

TeamLease Services: The staffing firm reported a 57 per cent jump in consolidated profit after tax (PAT) to Rs 26.9 crore for the June 2021 quarter. The company’s PAT had stood at Rs 17.1 crore during the April-June 2020 quarter.

Security and Intelligence Services: The special consumer services firm reported a marginal increase in net profit to Rs 60 crore for the first quarter ended June 30. The cash logistics and security services firm had posted a net profit of Rs 58 crore in the year-ago period.

TCI Express: The Logistics firm posted a multi-fold jump in profit after tax (PAT) at Rs 24 crore for the June quarter, boosted by higher income. During the year-ago-quarter, the company had clocked a PAT of over Rs 1 crore.

Gateway Distriparks: The integrated inter-modal logistics facilitator reported a 280.6 per cent rise in consolidated profit after tax (PAT) at Rs 43.59 crore for the quarter ended June 30, 2021. The company had posted a consolidated PAT of Rs 11.45 crore in the year-ago period.

JK Agri Genetics: The agricultural product firm reported a 20 per cent increase in its net profit at Rs 23.04 crore for the quarter ended June. Its net profit stood at Rs 19.20 crore in the year-ago period.

Oriental Hotels: The associate company of The Indian Hotels Company Ltd, has clocked a net loss at Rs 16.83 crore for the quarter ending June 30, 2021, the company said on Wednesday. The company had reported a net loss at Rs 23.40 crore during corresponding quarter previous year.



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