Stocks in the news: RIL, BPCL, IndiGo, Lupin, Dixon Tech, HUL, YES Bank and Aurobindo Pharma

Nifty futures on the Singapore Exchange traded 42 points, or 0.42 per cent higher at 10,080.50 in signs that Dalal Street was headed for a positive start on Wednesday. Here are a few stocks which may buss the most in today's trade:

RIL: The Mukesh Ambani-led company's Rs 53,124 crore rights issue will close today. The issue has received total bids received of 54.9 crore shares so far, overshooting the 42.26 crore shares on offer by 29.8 per cent. Meanwhile, three of the largest Middle Eastern sovereign wealth funds are in advanced talks to invest in Reliance Industries Ltd.’s digital arm, people familiar with the matter said, potentially adding to the roster of marquee investors that have piled into the business.

BPCL, Aurobindo Pharma: BPCL, Aurobindo Pharma, MAS Financial Services, Orient Hotels, DCM Shriram, Cholamandalam Investment, Dishman Carbogen Amcis and Vesuvius India are among companies which will announce their March quarter results on Wednesday.

YES Bank: The bank has hired six investment banks in the first step to shore up its capital position through a share sale. The bank is looking to raise about Rs 10,000 crore by selling shares either through a rights issue, QIP or a follow on public offer depending on market conditons, two people involved in the issue said.

IndiGo: InterGlobe Aviation on Tuesday reported a net loss of Rs 870.8 crore in the three months ended March, as higher expenses and suspension of flight operations due to coronavirus pandemic took a toll.

Lupin: The drug maker said it has received approval from the US health regulator to market Meloxicam capsules, used to treat osteoarthritis pain, in the American market.

Hindustan Unilever: FMCG major HUL said the coronavirus pandemic has imposed incremental operating costs on the business and there will be some impact on its profitability in the short term

Dixon Technologies: The company is planning to invest Rs 250 crore and hire 2,500 people in next 8-9 months to expand operations to take advantage of the Product Linked Incentive (PLI) scheme that opened on Tuesday, a top company official said.

Kotak Mahindra Bank: Asia’s richest banker Uday Kotak sold 56 million shares, or 2.8 per cent stake, for more than 6,900 crore through block deals on Tuesday to reduce his stake in Kotak Mahindra Bank to 26.1 per cent in a move to comply with Reserve Bank of India (RBI) regulations.

Syngene International: Contract research and manufacturing organisation Syngene International said it has joined hands with HiMedia Laboratories to produce and distribute ELISA test kits for COVID-19.

HCL Tech: Temenos, a banking software company, and HCL Technologies on Tuesday announced signing of an exclusive strategic agreement for non-financial services enterprises.

Adani Enterprises: Impact of Covid-19 and resultant lockdown is likely to be short-term in nature and will affect the next couple of quarters. During the first phase of lockdown till April 19, the company said its offices, storage locations and production facility remained closed, and the company maintained minimum level of operations to ensure timely supply of goods and services to its customers in the essential sectors.

Dhampur Sugars: The company reported a marginal fall in consolidated net profit for the quarter ended March at Rs 104.07 crore. Its net profit stood at Rs 108.82 crore in the year-ago period, the company said in a regulatory filing.

Colgate-Palmolive (India): The company said it believes that the impact of the Covid-19 pandemic on the company's business operations on an annual basis may not be material as it is into the business of essential products.

GMR Infra: Battling against challenges in the wake of the COVID-19 pandemic, diversified conglomerate GMR Group has revised downwards employees' salary by up to 50 per cent with effect from May, a source said.

Tata Teleservices (Maharashtra): The company posted a loss of about Rs 874 crore for the January-March quarter due to lower revenues and an extra provision of Rs 548.3 crore towards licence fee, spectrum usage charges, interest, and penalty.

TCI: Integrated supply chain and logistics solutions provider Transport Corporation of India (TCI) on Tuesday reported a 25 per cent dip in consolidated net profit to Rs 36.15 crore for the quarter ended March 31.