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    Stocks in the news: YES Bank, RIL, Infosys, Wipro, Bharti Airtel

    Synopsis

    YES Bank raised nearly Rs 4,100 crore through anchor allotments ahead of its follow-on public offer’s (FPO) opening on Wednesday.

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    Infosys, Federal Bank, Bandhan Bank, and L&T Infotech are scheduled to announce their June quarter earnings on Wednesday.
    Nifty futures on the Singapore Exchange traded 110.50 points, or 1.04 per cent higher at 10,723, in signs that Dalal Street was headed for a gap-up start on Wednesday. Here are a few stocks which may buzz the most in today's trade:

    Infosys, Bandhan Bank: Infosys, Federal Bank, Bandhan Bank, and L&T Infotech are scheduled to announce their June quarter earnings on Wednesday.

    Reliance Industries: Oil-to-telecom major Reliance Industries will hold its annual general meeting today. Investors await clarity on deal with Saudi Aramco, c larification on media reports on stake buy in Future Group, and path ahead for retail business and Jio.

    Wipro: IT major Wipro’s net profit for the quarter ended June rose by a mere 0.11 per cent from a year ago, and yet managed to beat estimates, but warned that coronavirus pandemic could hit technology spending and impact the company’s sales and financial performance

    YES Bank: YES Bank raised nearly Rs 4,100 crore through anchor allotments ahead of its follow-on public offer’s (FPO) opening on Wednesday. The private lender allotted 3,41,53,84,614 equity shares to the anchor investors to a total of 14 investors. More than half of the anchor book was subscribed by Bay Tree India Holdings.

    Bharti Airtel: The telecom operator announced the launch of a video conferencing solution with Verizon, which will rival popular Zoom and billionaire Mukesh Ambani's upstart JioMeet.

    Century Textiles: Century Textiles and Industries reported a consolidated net loss of Rs 36.36 crore for June quarter 2020-21, impacted by the disruptions due to lockdown. The company posted a net profit of Rs 69.35 crore in April-June 2019-20, Century Textiles and Industries Ltd (CTIL) said in a BSE filing.

    Reliance Industrial Infrastructure Ltd (RIIL): RIIL reported a 2 per cent drop in the firm's June quarter net profit mostly due to the impact of COVID-19 on business.

    5Paisa Capital: 5Paisa Capital reported a profit after tax (PAT) of Rs 2.8 crore for the June quarter on the back of improved trading activity and surge in client acquisitions. This is the company's first-ever quarterly profit since its launch in March 2016.

    Lupin: Drugmaker Lupin has shut one of its manufacturing plants in Gujarat after at least 17 employees at the site tested positive for coronavirus, Reuters reported citing two government officials.

    Apollo Tyres: Apollo Tyres on Tuesday said the management and workers of its Netherlands-based plant have reached an agreement to convert the facility to cater to some specific segments, which would affect more than 500 jobs. The agreement between the two parties paves the way for the reduction of 528 jobs at the Enschede-based manufacturing facility.

    Oberoi Realty: The realtor reported a 82 per cent decline in its consolidated net profit at Rs 28.07 crore for the quarter ended June.

    AksharChem (India): UBS Principal Capital Asia sold 58,868 shares of AksharChem India at Rs 229.73 per share.



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

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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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