The Economic Times daily newspaper is available online now.

    Stocks in the news: Tata Motors, RIL, Lakshmi Vilas Bank, HPCL, IndiGo and JK Tyre

    Synopsis

    The housing finance arm of Canara Bankreported a 35.84 per cent rise in its net profit to Rs 90.91 crore for the March 2020 quarter

    Stocks
    The Tata group firm posted consolidated net loss at Rs 9,863.75 crore for the quarter ended March 31. It had reported a net profit of Rs 1,108.66 crore in the same period last year.
    Nifty futures on the Singapore Exchange traded 104.30 points, or 1.06 per cent higher at 9,978.80, in signs that Dalal Street was headed for a positive start on Tuesday. Here are a few stocks which may buzz the most in today's session:

    Tata Motors: The Tata group firm posted consolidated net loss at Rs 9,863.75 crore for the quarter ended March 31. It had reported a net profit of Rs 1,108.66 crore in the same period last year.

    RIL: Saudi Arabia’s wealth fund Public Investment Fund (PIF) is all set to pick up a 2.33 per cent stake in Indian oil-to-telecom conglomerate Reliance Industries, for an estimated $1.5 billion, Gulf News reported on Monday citing an unnamed source.

    Lakshmi Vilas Bank: The mid-size private sector lender has received a preliminary proposal from the Aion Capital-backed non-banking lender Clix Capital for a merger that will augment the Chennai-based lender's capital base by around Rs 1,900 crore.

    JK Tyre and Industries: The tyre maker reported a consolidated net loss of Rs 52.78 crore for the fourth quarter ended March 31, 2020. The company had posted a net profit of Rs 33.66 crore for January-March period of 2018-19.

    Aptech: The capital markets regulator is investigating Jhunjhunwala, his family members and other board members of Aptech for trading in the company’s shares four years ago. Aptech is the only company in which Jhunjhunwala and family members own a majority stake.

    Can Fin Homes: The housing finance arm of Canara Bank reported a 35.84 per cent rise in its net profit to Rs 90.91 crore for the March 2020 quarter, on the back of higher interest income. The company had posted a net profit of Rs 66.92 crore during the corresponding quarter of the previous financial year ended March 2019.

    InterGlobe Aviation: IndiGo wants to operate 50% of its pre-Covid daily capacity of 1,500 plus flights in July and resume international operations possibly to the middle east during that month, its Chief Executive Officer Rono Dutta said in an interview to ET Monday.

    Tata Power: Tata Power Company’s renewable energy arm Tata Power Renewable Energy has received an order from Gujarat Urja Vikas Nigam to develop a 120 megawatt solar project in Gujarat, the Tata group utility said on Monday.

    Jindal Stainless: Jindal Stainless move to restructure its financials has enabled the company to exit its corporate debt restructuring programme much ahead of time, the company's chief financial officer Anurag Mantri told ET.

    Coal India: The state-run company unions have decided to call for a three-day strike from July 2 to protest against the government’s decision to open up the sector to private competition.

    Satin Creditcare: Microfinance company Satin Creditcare Network reported a 23 per cent fall in net profit for the financial year ending March owing to higher credit cost on account of Covid-19.

    Aarti Industries: Smallcap World Fund sold shares of Aarti Industries in two transactions each on NSE and BSE. The fund sold 15,97,950 shares of the specialty chemicals maker at Rs 854.71 each on the NSE, and 1,000,000 shares at Rs 855 each on the BSE. At the end of March quarter, the fund held 1.71 per cent stake in the company.

    Shoppers Stop: Retail chain Shoppers Stop on Monday reported a consolidated loss of Rs 127.22 crore for the fourth quarter ended on March 31, with the coronavirus pandemic taking a toll on its operations.

    CSB Bank: Kerala-based CSB Bank on Monday reported narrowing of losses in the March quarter to Rs 59.69 crore as against Rs 150.64 crore in the year-ago period.

    IRB Infrastructure Developers: The company said it has raised Rs 300 crore through allotment of non-convertible debentures (NCDs).

    HPCL, NMDC: Hindustan Petroleum Corporation, IPCA Laboratories, Bank of Maharashtra, NMDC: These companies are slated to announce their March quarter earnings on Tuesday.



    (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