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    Stocks in the news: Hero MotoCorp, Tata Steel, BPCL, Eicher Motors, GAIL, Aurobindo Pharma, Ashok Leyland and Grasim

    Synopsis

    MCX said it will launch a liquidity enhancement scheme in the newly launched segment 'options on goods' with gold mini contract.

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    Power Finance Corporation, Trend, Godrej Industries, Prestige Estates and Endurance Technologies are among companies which will announce their June quarter results today.
    Nifty futures on the Singapore Exchange traded 20.50 points, or 0.18 per cent higher at 11,331.50, in signs that Dalal Street was headed for a positive start on Thursday. Here are a few stocks which may buzz the most in today's trade:

    Hero MotoCorp, Tata Steel and Eicher Motors: Hero MotoCorp, Tata Steel and Eicher Motors, Grasim Industries, Balkrishna Industries, Power Finance Corporation, Trend, Godrej Industries, Prestige Estates and Endurance Technologies are among companies which will announce their June quarter results today.

    Reliance Industries: RIL is engaged in an early-stage exercise to evaluate the possibility of investing in TikTok’s India operations, according to at least six people aware of the matter. The development comes even as the clock is ticking on Microsoft’s fast-tracked negotiations to buy large swathes of the Chinese short-video platform’s global operations ahead of the September 15 deadline set by the Donald Trump administration.

    Aurobindo Pharma: The drug firm reported a 22.81 per cent rise in its consolidated net profit to Rs 780.68 crore for the quarter ended on June 30, 2020, mainly on account of robust sales in the US market.

    Ashok Leyland: The Hinduja Group flagship firm reported a consolidated net loss of Rs 388.82 crore for the first quarter ended June 30, owing to the coronavirus pandemic. The commercial vehicle maker had posted a net profit of Rs 274.96 crore for the April-June 2019 quarter.

    Bharat Forge: The company reported a consolidated loss of 127.3 crore for the quarter ended June 30. The company had posted a consolidated profit of Rs 171.9 crore in April-June period of the previous fiscal, Bharat Forge said in a filing to the BSE.

    Natco Pharma: The drug maker's consolidated net profit for the quarter ended June 30 slid by 14.5 per cent to Rs 122.1 crore against Rs 142.8 crore during the corresponding quarter last fiscal.

    UltraTech Cement: The largest cement manufacturer has lined up investment of Rs 1,500 crore in FY21 in multiple initiatives, its chairman Kumar Mangalam Birla said on Wednesday.

    Mahindra & Mahindra Financial Services: A non-banking financial arm of Mahindra Group, said it has raised Rs 3,088.82 crore through a rights issue which was oversubscribed.

    Tata Power: The Tata Group company said its consolidated net profit rose by 10 per cent to Rs 268 crore for quarter ended June on the back of reduced expenses. The company had posted a net profit of Rs 243 crore during the same period a year ago, Tata Power said in a BSE filing.

    Multi Commodity Exchange of India: The commodity bourse said it will launch a liquidity enhancement scheme in the newly launched segment 'options on goods' with gold mini contract. The liquidity enhancement scheme, popularly known as market making, will start from September 1, MCX said in a circular.

    Thermax: The company reported a consolidated net loss of Rs 15.27 crore for the quarter ended June 30. It had posted a Rs 62.76 crore net profit during the corresponding quarter of the previous financial year, Thermax Ltd said in a BSE filing.

    ABB Power Products and Systems: The company said its net profit declined about 80 per cent to Rs 10.90 crore in the June 2020 quarter. Its net profit had stood at Rs 60.66 crore in the corresponding period a year ago, according to a BSE filing.

    Man Industries: The pipe manufacturer posted an over four-fold jump in consolidated net profit to Rs 17.11 crore for the June quarter, helped by increased income. The company had posted a net profit of Rs 3.63 crore during the same period a year ago, it said in a BSE filing.

    Century Plyboards: The company reported a consolidated net loss of Rs 11.79 crore for the first quarter ended June 2020. The company had reported a net profit of Rs 39.91 crore in April-June quarter a year ago, Century Plyboards said in a BSE filing.

    Tanla Solutions: The communication services firm posted a consolidated profit of Rs 78.6 crore in the first quarter ended June 30, 2020. The company had registered a loss of Rs 75.7 crore in the same quarter a year ago.




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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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