The Economic Times daily newspaper is available online now.

    Stocks in the news: Rolex Rings, Divi's Labs, L&T, SAIL and Bank of Baroda

    Synopsis

    Shree Cements, MRF, Gujarat State Petronet, Clean Science, Indian Hotels, AstraZeneca Pharma, Balrampur Chini Mills and Tata Investment will announce quarterly earnings today.

    ETMarkets.com
    Nifty futures on the Singapore Exchange traded 51.5 points, or 0.32 per cent lower at 16,217, signaling that Dalal Street was headed for a negative start on Monday. Here are a dozen stocks which may buzz the most in today's trade:

    Shree Cements, MRF, Gujarat State Petronet: Shree Cements, MRF, Gujarat State Petronet, Clean Science & Technology, Indian Hotels Company, Timken India, AstraZeneca Pharma India, Balrampur Chini Mills, Laxmi Organics Industries, Tata Investment Corporation and Hinduja Global Solutions are among the companies that will announce quarterly earnings today.

    Rolex Rings: The auto parts manufacturer is likely to make its Dalal street debut today. The Rs 731 crore IPO saw a strong demand from investors, subscribed over 130 times during 28-30 July. The company sold its shares in the range of Rs 880-900. The company is expected to deliver strong listing gains, according to the grey market.

    Divi's Laboratories: The drug maker posted a 13 per cent increase in its consolidated net profit at Rs 557 crore for the first quarter ended June 30, 2021. The company had reported a net profit of Rs 492 crore in the April-June quarter of the previous fiscal.

    Mahindra & Mahindra: The homegrown automajor reported a consolidated profit after tax (PAT) from continuing operations at Rs 424 crore for the first quarter ended June 2021. The Mumbai-based company had a net loss of Rs 49 crore during the April-June period of FY2020-21 due to massive disruptions amid the coronavirus pandemic.

    Larsen and Tourbo: The construction and engineering major has received shareholders' nod to raise up to Rs 4,500 crore through issuance of convertible bonds, according to a regulatory filing. The shareholders' approval was given at the company's annual general meeting (AGM) held on Thursday.

    Steel Authority of India: Domestic steel major SAIL returned to the black, posting a consolidated net profit of Rs 3,897.36 crore for the June 2021 quarter. The company had posted a Rs 1,226.47-crore net loss in the year-ago quarter.

    HCL Infosystems: The IT firm reported a consolidated net profit of Rs 40.58 crore for the quarter ended June 30, 2021, against a loss of Rs 36.86 crore in the year-ago period, HCL Infosystems.

    Bank of Baroda: The state-run lender reported a standalone profit after tax of Rs 1,209 crore in the quarter ended in June 2021 on higher growth in net interest income (NII) and lower provisioning for bad loans. The lender had reported a net loss of Rs 864 crore on a standalone basis in the corresponding quarter of the previous fiscal.

    JK Tyre & Industries: The tyre manufacturer said it has posted a consolidated net profit of Rs 44 crore for the first quarter ended June 2021. The tyre major had reported a net loss of Rs 204 crore in the April-June period of 2020-21 fiscal amid COVID-19 disruptions.

    Inox Leisure: The multiplex chain operator has so far signed agreements with various developers to add 926 screens to its network, which are expected to come in the next few years. India is an "under-screen" nation and the company is growing and is "bullish" about this industry.

    Metropolis Healthcare: The diagnostic chain reported a consolidated net profit of Rs 74.92 crore for the quarter ended June 30, 2021, mainly on account of robust performance. The company had posted a net profit of Rs 2.87 crore for the corresponding period of the previous fiscal.

    Happiest Minds Technologies: The Bengaluru-based software firm has been facing rising attrition levels of late, is planning to hire 300 techies in each of the next three quarters. The 11-year-old company had a high attrition of 14.7 per cent in the June quarter when its total headcount stood at 3,538, after net-adding 310 in the quarter to June.

    Macrotech Developers: The real estate firm has formed four joint ventures in April-June to build projects with a sales value of Rs 3,500 crore and is looking at two such tie-ups every quarter to expand presence in Mumbai and Pune regions.

    Indiabulls Real Estate: The real estate firm reported a consolidated net profit of Rs 4.86 crore for the quarter ended June. The Mumbai-based company had posted a net loss of Rs 94.46 crore in the year-ago period.

    City Union Bank: The private sector lender reported an over 12 per cent rise in its net profit at Rs 173 crore in first quarter ended June 2021 as provisioning for bad loans trimmed. The bank had posted a net profit of Rs 154 crore in the same quarter a year ago.

    IDBI Bank: As many as seven firms, including JM Financial, Ernst and Young and Deloitte, have bid for managing the strategic sale of IDBI Bank. These firms would make a virtual presentation before the Department of Investment and Public Asset Management, which is handling the sale process, on August 10, according to a notice by DIPAM.

    Quick Heal:
    The cybersecurity solutions provider said its consolidated net profit stood at Rs 6.2 crore for the June 2021 quarter against Rs 25 crore in the year-ago period. Its revenue was at Rs 54.8 crore in the first quarter of FY22, while the same was at Rs 73.5 crore in the April-June 2020 period.

    Hindustan Copper: The copper miner reported a 53.6 per cent rise in consolidated net profit at Rs 45.63 crore for the quarter ended June 30, 2021. The company had a consolidated net profit after tax and share of profit of JV/Associates of Rs 29.69 crore in the year-ago period.

    Piramal Enterprises: The financial services company reported a 7.71 per cent rise in its consolidated net profit to Rs 533.79 crore for the quarter ended on June 30, 2021. The company had posted a net profit of Rs 495.56 crore for the corresponding period of the previous fiscal.

    BSE: The leading stock exchange reported a consolidated net profit of Rs 53.42 crore for the first quarter ending June, a growth of 61 per cent compared to Rs 33.15 crore in the corresponding quarter of the last fiscal.

    Sona BLW Precision Forgings: The auto components maker reported a consolidated net profit of Rs 82 crore for the first quarter ended on June 30. This is the company's first announcement of quarterly results as a listed entity. The company posted revenues of Rs 501 crore for the first quarter.

    Karur Vysya Bank: The private lender announced cutting its marginal cost of fund based lending rate (MCLR) by 0.50 per cent. The bank has revised the marginal cost of funds based lending rates (MCLR) and external benchmark rate -- repo linked (EBR-R) effective from August 7, 2021.

    Tata Power: The power producer's consolidated net profit jumped nearly 74 per cent to Rs 465.69 crore in the April-June quarter of 2021 compared to Rs 268.10 crore in the year-ago period. Total income during April-June 2021 increased to Rs 10,145.89 crore from Rs 6,540.42 crore in the year-ago period.

    Affle India: The digital advertising firm posted 57.2 per cent rise in net profit at Rs 29.5 crore for June quarter 2021-22. The company had registered a net profit of Rs 18.8 crore for the year-ago period.

    DCB Bank: The private lender reported over 57 per cent decline in net profit at Rs 33.76 crore for June quarter 2021-22. The bank had posted a net profit of Rs 79.38 crore in the year- ago period. The profit was also down from Rs 77.91 crore in previous March quarter.

    Ujjivan Small Finance Bank: The private lender reported a net loss of Rs 233 crore for the first quarter ended June 30, mainly due to the impact of the second wave of the pandemic on its business. The bank had posted a net profit of Rs 55 crore in the corresponding quarter of the last financial year.

    Zee Entertainment Enterprise: The media major reported a consolidated net profit of Rs 208.78 crore for the first quarter ended June 2021. The company had reported a net profit of Rs 29.28 crore in the April-June quarter a year ago.

    Torrent Power: The power firm said its consolidated net profit dropped 44 per cent to Rs 207.78 crore in the June quarter, mainly due to a one-off gain in the same period of the previous fiscal. The consolidated net profit of the firm stood at Rs 373.87 crore in the quarter ended June 30, 2020.

    OnMobile Global: The telecom services firm has posted a 35.8 per cent rise in profit at Rs 16.4 crore for the quarter ended June 2021. The company had reported a profit of Rs 12.1 crore in the same period last year, the company said.

    VRL Logistics: The transport solution provider reported narrowing of net loss to Rs 6.04 crore for the quarter ended June 30, 2021. Its net loss in the year-ago period stood at Rs 62.71 crore.

    Rane Holdings: The holding company of Rane Group has reported Rs 20.7 crore in profit after tax for the quarter ending June 30, 2021. Chennai based company had registered a net loss at Rs 84 crore during corresponding quarter previous year.

    Jaiprakash Associates: The cash strapped infrastructure firm reported a consolidated net loss of Rs 293.15 crore for the quarter ending June. The Delhi-based company had posted a net loss of Rs 336.67 crore in the year-ago period.

    Reliance Capital:
    The financial arm of the Reliance ADAG group reported a consolidated net loss of Rs 1,006 crore for the first quarter ended June 30. The Anil Ambani led had a net loss of Rs 1,095 crore in the corresponding quarter ended of 2020-21.

    Jaiprakash Power Ventures: The power firm posted about 87 per cent decline in 'profit from continuing operations' to Rs 4.34 crore for the June 2021 quarter. The company's 'profit from continuing operations' had stood at Rs 31.68 crore.

    MMTC:
    The state-run trading firm said it has requested the stock exchanges to extend the time limit up to August 31 for holding the meeting of its audit committee and Board of Directors for consideration and approval of audited financial results for the year ended March 31, 2021.



    (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


    (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
    The Economic Times

    Stories you might be interested in