Tue. Nov 24th, 2020

Nifty futures on the Singapore Exchange traded 36 points, or 0.28 per cent lower at 12,759, in signs that Dalal Street was headed for a negative start on Thursday. Here are a few stocks which may buzz the most in today’s trade:

Earnings today: Amrutanjan Healthcare, Andhra Cements, Apollo Microsystems, Bajaj Hindusthan Sugar, Centrum Capital, Cochin Shipyard, Eicher Motors, Fortis Healthcare, HEG, Infibeam Avenues, Noida Toll Bridge and Page Industries, among others, are slated to announce their Q2 results on Thursday.

LVB: AION Capital-backed Clix Capital could walk away from the proposed merger with Lakshmi Vilas Bank if discussion on the deal continue to drag on, without a firm conclusion timeline, Pramod Bhasin, the founder of Clix Capital told ET.

Apollo Hospitals: Apollo Hospitals Enterprise reported a 30 per cent decline in consolidated profit after tax (PAT) at Rs 60.3 crore for the quarter ended September.

Prestige Estates: Bengaluru based realty firm Prestige Estates Projects reported a 40 per cent fall in its consolidated net profit at Rs 93.8 crore for the quarter ended September. The company had posted a net profit of Rs 157.2 crore in the year-ago period.

Reliance Infra: Reliance Infrastructure (RInfra) reported a consolidated net loss of Rs 277.44 crore for the quarter ended September. It had clocked a consolidated net profit of Rs 280.35 crore in the corresponding quarter of the previous fiscal, the company said in a statement.

IL&FS Engineering:The company reported widening of consolidated net loss to Rs 73.16 crore in the quarter ended September. The engineering arm of the troubled IL&FS Group had reported a total consolidated net loss after exceptional items and tax at Rs 56.64 crore for the corresponding quarter of the previous fiscal.

VA Tech Wabag: The company has clocked standalone profits for the quarter ending September 30, 2020 at Rs 8.02 crore. For the quarter ending September 30, 2019, VA Tech WABAG had recorded standalone profits at Rs 17.95 crore.

Kesoram Industries: B K Birla Group flagship Kesoram Industries is focusing on a sustainable turnaround and expecting to conclude its second phase of restructuring process by inducting a strategic investor into it and finalising a debt resolution plan with bankers by the next month, a company official said on Wednesday.

NBCC: State-owned construction firm reported a consolidated net profit of Rs 45.61 crore for the quarter ended September. The company had posted a net loss of Rs 90.91 crore in the year-ago period.

Reliance Industries: The Competition Commission of India (CCI) said it has approved internet major Google’s proposed purchase of 7.73 per cent stake in Jio Platforms. In July, it was announced that Google has agreed to invest Rs 33,737 crore to buy a 7.7 per cent stake in the Reliance Industries‘ technology venture.

Religare Enterprises: The company reported narrowing of its consolidated net loss to Rs 115.24 crore for the quarter ended September. The company had posted net loss of Rs 205.81 crore in the same quarter a year-ago. Sequentially, the loss narrowed from Rs 182.75 crore loss in the first quarter of this fiscal.

Uflex: Packaging materials firm Uflex reported an over two-fold jump in consolidated net profit at Rs 222 crore for the September quarter, helped by volumes growth. The company had posted a net profit of Rs 94.26 crore during the July-September period a year ago, Uflex said in a regulatory filing.

SpiceJet: Budget carrier SpiceJet reported a net loss of Rs 112.6 crore for the quarter ended September. It had posted a net loss of Rs 462.6 crore for the corresponding period of the previous financial year.

Punjab National Bank: The bank said it has raised Rs 1,500 crore by issuing Basel III compliant bonds on private placement basis.

Indiabulls Housing Finance: Indiabulls Housing Finance reported nearly 54 per cent decline in its consolidated net profit to Rs 323.20 crore for the second quarter ended September 30.

Coal India: The company reported 16.3 per cent decline in consolidated net profit at Rs 2,948.12 crore for September quarter on the back of higher expenses.

Source

By Editor

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