Nifty futures on the Singapore Exchange traded 74points, or 0.65 per cent higher at 11,373, in signs that Dalal Street was headed for a gao-up start on Friday. Here are a few stocks which may buzz the most in today’s trade:
IRCTC: The government is planning to sell part of its stake in Indian Railway Catering and Tourism Corp (IRCTC) in the current fiscal, and has invited bids from merchant bankers for managing the sale process.
Divi’s Labs, SBI Life Insurance, ZEE Entertainment, Bharti Infratel: Divi’s Laboratories and SBI Life Insurance Co will replace Bharti Infratel and Zee Entertainment Enterprises in the Nifty-50 index from September 25, NSE said in a release late on Thursday.
Vodafone Idea: Axiata Group Berhad has sold its residual stake in Vodafone Idea and exited India’s telecom sector, having taken a substantial hit on its investments after a high-profile entry more than a decade ago.
State Bank of India: The dedicated bankruptcy court has decided to appoint an interim resolution professional (IRP) in a case filed by lender State Bank of India (SBI) against Anil Ambani.
Indiabulls Housing, Oil India and PNB: Indiabulls Housing Finance, Rossari Biotech, Oil India, Punjab National Bank, Suprajit Engineering, Union Bank of India, Coffee Day Enterprises, Kolte Patil Developers: These companies are slated to announce their June quarter earnings on Friday.
Hindalco Industries: Hindalco Industries one of the country’s largest private aluminium players has entered into a memorandum of understanding (MoU) with cement major UltraTech Cement to deliver 1.2 million tonne of bauxite residue, red mud in industry parlance, annually to UltraTech’s 14 plants across seven states.
GAIL: The state-owned gas utility sees its gas demand returning to pre-COVID-19 levels by the end of the current quarter as the expansion of the city gas network will offset shrinking consumption.
Mastek: Abakkus Growth Fund, which is owned by ace investor Sunil Singhania acquired nearly one percent stake in smallcap IT services company Mastek, through its two fund schemes.
Wipro: The IT firm has implemented a blockchain-based small-scale liquefied natural gas (ssLNG) trading platform for energy major Uniper Global Commodities SE and its 100 per cent LNG-for-trucks subsidiary, Liqvis GmbH.
Indian Overseas Bank: The bank posted a net profit of Rs 121 crore for June quarter 2020 mainly due to fall in bad loans.
V-Guard Industries: Axis Mutual Fund sold 94,96,719 shares of V-Guard Industries to SBI Mutual Fund at Rs 160.25 per share.
IRB InvIT Fund: The InvIT reported a 44.14 per cent decline in its net profit to Rs 23.91 crore for the quarter ended June on the back of lower toll collections due to coronavirus-induced lockdown
MOIL: State-owned MOIL posted a net profit of Rs 1.88 crore for the quarter ended June. The company had posted a Rs 90.69-crore net profit during the year-ago period
Lincoln Pharma: Drug firm Lincoln Pharmaceuticals reported a 20.44 per cent rise in its consolidated net profit to Rs 15.26 crore for the quarter ended June 30, 2020.