Stocks in the news: Mindtree, HFCL, NMDC, JK Tyres, banks and telcos

Nifty futures on the Singapore Exchange traded 118 points, or 0.75 per cent higher at 15,806, signaling that Dalal Street was headed for a positive start on Tuesday. Here are a dozen stocks which may buzz the most in today's trade:

Mindtree, Tata Metaliks, Shree Ganesh Remedies: Mindtree, Tata Metaliks, Shree Ganesh Remedies, Deccan Health Care, WS Industries (India) and Gagan Gases are among the company that will announce quarterly earnings today.

Reliance Industries: The company has invested Rs 1,00,000 in 10,000 equity shares of Rs 10 each of Reliance New Energy Solar (RNESL), a newly incorporated wholly owned subsidiary. RNESL is incorporated to undertake activities relating to solar energy. RNESL is yet to commence its business operations.

ONGC: Fair trade regulator Competition Commission of India (CCI) on Monday approved the acquisition of 23.5 per cent stake in ONGC Tripura Power Company Ltd by Summit India (Tripura).

Telecom Stocks: India's largest telecom operator Reliance Jio continued to lead the market in mobile subscriber additions as it gained 4.7 million users in April even as troubled Vodafone Idea lost 1.8 million customers during the same period, as per latest TRAI data. Bharti Airtel added just 0.51 million mobile subscribers in April.

Banks: Public sector lenders led by Canara Bank have officially formed the band bank- the National Asset Reconstruction Company (NARC). They will now approach the banking regulator RBI to function as an ARC.

HFCL: The domestic telecom gear maker reported over threefold jump in its consolidated profit after tax to Rs 90.69 crore for the first quarter ended June 30, 2021. The company had posted a profit after tax of Rs 21.34 crore in the corresponding period a year ago.

NMDC: The state-owned miner said it has reduced the prices of lump ore and fines by Rs 200 per tonne each. Iron ore is the key raw material for steel making. Any change in its prices has a direct impact on the rates of steel.

Shipping Corporation of India: The disinvestment-bound said it has opened the virtual data room for potential bidders. The government is selling its entire 63.75 per cent stake in the company along with transfer of management control.

JK Tyre: The tyre firm has expanded its retail presence with the onboarding of digital automotive aftermarket platform Ki Mobility Solutions. The move is expected to help the tyre maker shore up its market share across two-wheelers, passenger cars and commercial vehicle segments.

ISMT: The company reported consolidated loss of Rs 112.2 crore in Q4FY21 against loss of Rs 79.11 crore in Q4FY20, revenue rose to Rs 459 crore from Rs 276.24 crore YoY.

Shilpa Medicare: The company approved the transfer of API business consisting of Unit-1 and Unit-2 situated at Raichur, Karnataka by way of slump sale to a wholly owned subsidiary of the company.

FDC: The company launched India's first oral suspension of Favipiravir – Favenza oral suspension, used to treat mild to moderate cases of Covid-19.

Sunteck Realty: The company's pre-sales grew by 74 per cent in Q1FY22 to Rs 176 crore, and collections grew by 165 per cent in Q1FY22 to Rs 172 crore.