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    Stocks in the news: HDFC, Vodafone Idea, HPCL, Lupin, Adani Enterprises and JK Tyre

    Synopsis

    Mortgage lender Housing Development Finance Corp (HDFC) said it has launched its qualified institutional placement (QIP).

    Confuse-1---iSTOCKiStock
    Massachusetts Institute Of Technology bought a total of 30,00,000 shares of NIIT Ltd in two separate deals on BSE and NSE at Rs 96.75 each.
    Nifty futures on the Singapore Exchange traded 52 points, or 0.47 per cent higher at 11,168, in signs that Dalal Street was headed for a positive start on Thursday. Here are a few stocks which may buzz the most in today's trade:

    Banking, auto, stocks: The rate-sensitive stocks will be in focus ahead of the RBI’s Monetary Policy Committee (MPC) meeting outcome. Any announcement on the extension of loan moratorium will be closely watched.

    HDFC: Mortgage lender Housing Development Finance Corp (HDFC) said on Wednesday it has launched its qualified institutional placement (QIP), and the floor price was set at Rs 1,838.94 per share. The issue would comprise an issue of shares and warrants for up to Rs 14,000 crore, and issue of non-convertible debentures up to Rs 9,000 crore.

    Vodafone Idea, HPCL and Lupin: Vodafone Idea, Hindustan Petroleum Corporation Ltd (HPCL), Lupin, Adani Power, Adani Enterprises, Bayer Cropscience, HCL Infosystems, JK Tyre, Lemontree Hotels, Whirlpool of India: These companies are slated to announce their June quarter earnings on Thursday.

    Alkem Laboratories: The drug maker said it has launched Favipiravir under the brand name 'Alfluenza' in the country for the treatment of COVID-19.

    South Indian Bank (SIB): The private sector lender said the Reserve Bank of India has given an in-principle approval for setting up a wholly owned non-financial subsidiary.

    DLF: DLF reported a net loss of Rs 72 crore during the first quarter ended June, impacted by high fixed cost at a time when the company's operations were either halted or slowed down due to lockdown.

    Gammon Infrastructure Projects: The company said its board has approved a proposal to change the name of the company.

    Canara Bank: State-owned Canara Bank on Wednesday reported a standalone profit after tax of Rs 406 crore for the June quarter, helped by improvement in net interest income. The bank amalgamated Syndicate Bank with itself effective April 1, 2020.

    Max Financial Services: Promoter Max Ventures Investment Holdings sold 61,00,000 shares in Max Financial Services at Rs 535.18 per share. At end June, it held 28.15 per cent or 7,58,83,275 shares in the company.

    NIIT: Massachusetts Institute Of Technology bought a total of 30,00,000 shares of NIIT Ltd in two separate deals on BSE and NSE at Rs 96.75 each. At the end of June, it held 1.87 per cent stake in the company.

    Jaiprakash Associates: Diversified group reported a consolidated net loss of Rs 332.68 crore for the quarter ended June, on lower income amid the coronavirus pandemic. Its net loss had stood at Rs 574.62 crore in the year-ago quarter.

    Inox Leisure: The multiplex chain operator reported a consolidated net loss of Rs 73.64 crore for the June quarter as the film exhibition business came to a halt due to the COVID-19 pandemic. The company had posted a net profit of Rs 27.01 crore in the April-June period a year ago, Inox Leisure said in a BSE filing.

    Punjab National Bank, Reliance Home Finance: Punjab National Bank (PNB) declared Reliance Home Finance Ltd’s (RHFL) account with it as a “fraud account” after a forensic audit proved that there was diversion of funds, an official at the state-run lender said.

    Godrej Properties: Godrej Properties will leverage its robust brand and financial position to tap into consolidation opportunities arising in the real estate sector owing to the Covid-19 crisis, said executive chairman Pirojsha Godrej.

    Apollo Tyres: The company reported a consolidated net loss of Rs 135 crore for the first quarter ended June 30, hit by lower sales due to coronavirus pandemic. The tyre maker had reported a net profit of Rs 142 crore in the April-June last fiscal.

    Birlasoft: CK Birla Group IT firm Birlasoft reported a 34.8 per cent increase in profit after tax at Rs 56 crore for the quarter ended 30 June, down 18.4 per cent sequentially.

    Triveni Turbine: Triveni Turbine on Wednesday reported over 11 per cent decline in consolidated net profit to Rs 27.25 crore for the June quarter, mainly due to lower revenues.

    Thomas Cook India: Travel services firm Thomas Cook India reported a consolidated net loss of Rs 108.62 crore for the quarter ended June 30, 2020, on account of the impact of Covid-19 pandemic.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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