Stocks in the news: Sterling and Wilson, Srei Infra, DHFL, ONGC and Voda Idea

Stocks in the news: Sterling and Wilson, Srei Infra, DHFL, ONGC and Voda Idea

Nifty futures on the Singapore Exchange traded 77 points, or 0.51 per cent, higher at 15,235 in signs that Dalal Street was headed for a positive start on Monday. Here are a few stocks which may buzz the most in today’s trade:

Tata Steel: The company is betting on expanding steel demand to double its capacity to 40 million tonnes. Having reduced debt by Rs 18,000 crore, Asia’s oldest steelmaker plans to resume its expansion plans at its existing facilities in Odisha and Jharkhand.

Srei Infra:

said it has posted a consolidated net loss of Rs 3,810 crore during the third quarter of the current fiscal on account of higher and accelerated provisioning as a prudent measure.

Housing Finance: Mortgage lender Indiabulls Housing Finance is looking to raise Rs 5,000 crore through the securitisation route in fourth quarter of the current financial year, according to a senior company official.

Sterling and Wilson Solar: The company said it has bagged an order worth Rs 930 crore in Egypt. It has signed an order worth $127.5 million (Rs 930 crore) in the Kom Ombo region of Egypt, a statement by Sterling and Wilson said.

HCL Tech: HCL Technologies plans to raise about $500 million in an overseas bond sale, which would be a first — not only for the software company but also for the exports-oriented outsourcing industry, where India is a leader. Financing an oshore acquisition may be one of the motives of the proposed issue

Puravankara: Bengaluru-based realty firm ‘s sales bookings rose by 42 per cent year-on-year to Rs 570 core in the third quarter of this fiscal as demand of residential properties recovered.

Magma Fincorp: The company said it is holding an EGM next month to seek shareholders’ approval to the preferential allotment of shares for Rs 3,206 crore to Adar Poonawalla-controlled Rising Sun Holdings (RSHPL) to give it a controlling stake in the NBFC.

Bharti Airtel: The company said its board will meet on February 17 to discuss the future strategic plans and reorganisation of the shareholding framework of subsidiary companies

Lupin, Aurobindo Pharma: US-based units of drug firms

and Aurobindo Pharma are recalling certain products in the American market, as per the latest enforcement report of the US Food and Drug Administration (USFDA).

DHFL: Dewan Housing Finance Corporation (

) posted a consolidated net loss of Rs 13,095.38 crore in the third quarter ended December 2020 against a net profit of Rs 934.31 crore in the year ago quarter.

Vodafone Idea: Debt-ridden Vodafone Idea reported narrowing of consolidated loss to Rs 4,532.1 crore in the third quarter ended on December 31, 2020, mainly on account of a one-time gain from stake sale in Indus Towers.

ONGC: Taking a leaf out of Reliance Industries Ltd’s playbook, state-owned

(ONGC) is forming a new subsidiary for gas business that could be used to bid and buy gas from the firm’s own fields. The state-owned company reported over 67 per cent fall in the December quarter profit.

Kalpataru Power Transmission: The company posted more than two-fold jump in consolidated net profit to Rs 308 crore for the December quarter compared to the year-ago period mainly on the back of higher revenues.

IDBI Bank: LIC-controlled IDBI Bank said its board has approved a proposal of setting off the lender’s accumulated losses by April 1, 2021, in full or partially, by using the balance in the securities premium account.

Glenmark Pharmaceuticals: Drug firm Glenmark Pharmaceuticals reported a 30.04 percent rise in its consolidated net profit to Rs 248.17 crore for the quarter ended December 2020, mainly on account of robust sales in India and growth in the API segment.

Source link


Please enter your comment!
Please enter your name here