NEW DELHI: Nifty futures on the Singapore Exchange were trading 28 points, or 0.26 per cent, higher at 10,869.50, indicating a positive start for the Nifty50. Here are a few stocks which may buzz the most in today’s trade:
YES, Biocon: YES Bank, Biocon, UltraTech Cement, Colgate-Palmolive, Reliance Power, Jindal Saw, ICRA, PVR, NIIT, Mphasis, Pfizer, Quess Corp, PNB Housing, Sintex, Zee Media, Sharda Corp will be among companies, which will announce their December quarter results on Thursday.
Jet Airways: Sebi is unlikely to exempt Etihad Airways from making an open offer to minority shareholders of Jet Airways even as lenders led by State Bank of India persuade the regulator to do so.
Sun Pharma: The drug maker said it has received two queries from the Sebi but refused to disclose whether those were related to the regulator’s investigation over the whistle-blower letters that it received in December and earlier this month.
Hathway Cable: Reliance Industries and its group companies have announced an open offer to acquire an additional 26 per cent stake in Hathway Cable and Datacom. The offer will represent 26 per cent of the expanded voting share capital, at a price of Rs 32.35 per equity share aggregating to total consideration of Rs 1,488.83 crore, payable in cash.
IDBI Bank: International rating agency Moody’s upgraded the long-term foreign currency ratings of IDBI Bank to Ba2 from B1 along with an outlook upgrade to positive from an ‘under-review’ category.
InterGlobe Aviation: The company reported a 75 per cent year-on-year (YoY) drop in profit after tax (PAT) at Rs 190.90 crore for December quarter, mainly on high fuel prices and currency depreciation.
Vodafone Idea: The company board has approved fund-raising to the tune of Rs 25,000 crore through a rights issue..
RCom: Debt-ridden telecom firm Reliance Communications said it will not be paying the fourth installment of Rs 375 crore principal amount on non-convertible debenture, which is due on February 7.
Bharti Infratel: Tower company Bharti Infratel Wednesday posted an 11 per cent rise in consolidated net profit at Rs 648 crore for the December quarter.
InterGlobe Aviation: Parent of IndiGo on Wednesday reported a 75 per cent fall in profit after tax at Rs 190.9 crore in the December quarter as high fuel prices and currency depreciation adversely impacted the bottomline.
HG Infra: The company won a Rs 997 crore project in Rajasthan from National Highways Authority of India (NHAI) under the Bharatmala programme.
Unitech: The Supreme Court on Wednesday refused bail to Unitech promoters Sanjay and Ajay Chandra in a case relating to alleged siphoning off the homebuyers’ money.
Ujjivan Small Finance Bank: Promoters said they have shortlisted a couple of options such as issuing bonus shares for the bank’s listing exercise and would seek Reserve Bank of India’s guidance before finalising it, instead of finalising it unilaterally and then seeking the regulator’s permission.
USL: Liquor major United Spirits Wednesday reported a 42.83 per cent increase in its standalone net profit to Rs 192.4 crore for the quarter ended December 31 backed by a healthy sales growth.
Essel Propack: Packaging firm Essel Propack reported a 13.79 percent increase in consolidated net at Rs 46.37 crore for the December quarter.
BASF India: Agrochemical firm BASF India Wednesday reported a net loss of Rs 38.37 crore for the quarter ended December 2018.
TCS: Tata Consultancy Services (TCS) has been ranked third most-valued IT services brand globally in 2018-19, after Accenture and IBM, as per a report by Brand Finance. Valued at $26.3 billion, Accenture took the title of the world’s most-valued IT services brand.
Vedanta: Vedanta Resources Executive Chairman Anil Agarwal committed to invest about $1.6 billion more in South Africa for mining minerals as he looked to deepen engagement in the African nation.
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