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    Stocks in the news: India Pesticides, Info Edge, Vodafone, HDFC and Cadila

    Synopsis

    As Dalal Street looks headed for a positive start on Monday, PSU counters like ONGC, GAIL, NTPC and Coal India, along with Pharma stocks like Dr. Reddy's Labs, Laurus Labs and Cadila Health will be at the focus of investors.

    FILE PHOTO: A broker reacts while trading at his computer terminal at a stock brokerage firm in MumbaiReuters
    Stocks in buzz: India Pesticides, Info Edge, HDFC, Vodafone Idea, Tata Steel, JK Cement, Marico, Dixon Technologies and more
    Nifty futures on the Singapore Exchange traded 100.5 points, or 0.64 per cent higher at 15,848.50, signaling that Dalal Street was headed for a positive start on Monday. Here are a dozen stocks which may buzz the most in today's trade:

    India Pesticides:
    The agrochemical player is going to make its debut on the bourses on Monday. The 800 crore IPO of the company was open for subscription between 23-25 June. It was subscribed over 29 times.

    HDFC: The country's largest mortgage lender said it earned Rs 263 crore as profit on sale of investments during the first quarter of the current financial year. Its profit on sale of investments during the June 2020 quarter had stood at Rs 1,241 crore.

    Dr Reddy's Laboratories: The drug major expects its business growth to be "volatile" in the current fiscal as the coronavirus pandemic continues to bring in disruptions and impact the markets across the globe.

    Info Edge (India): The market watchdog has approved to launch its Rs 7,500 crore initial public offering. According to the Economic Times reports that Zomato could launch its much-awaited IPO later in July.

    ONGC: The state-owned firm said it will procure equipment and services worth over Rs 30,000 crore to support its oil and gas exploration and production operations, which will provide local entities business and support 'Aatmanirbhar Bharat' initiative.

    Tata Steel: The Tata Group's steel producer announced transferring of its 26 per cent stake in Himalaya Steel Mill Services Private to Tata Steel Utilities and Infrastructure Services Limited (TSUISL) for an undisclosed amount. TSUISL is a wholly-owned subsidiary of Tata Steel.

    Vodafone Idea:
    The telecom operator can raise funds through equity sale or promoters can infuse capital which can be used for clearing dues, non-profit entity Telecom Watchdog said in a letter to telecom minister while demanding rejection of the debt-ridden company's request seeking more time to pay dues of Rs 8,292 crore.

    GAIL India: The state-owned gas producer is eyeing expansion in petrochemicals, specialty chemicals and renewables as it pivots a new strategy to expand the business beyond natural gas, its chairman Manoj Jain said.

    NTPC: The state-run power giant has invited Expression of Interest (EOI) for sale of fly ash from the designated ports of the Middle East and other regions in its endeavour towards 100 per cent utilisation of fly ash.

    Coal India: India's total coal production registered a marginal decline of 2.02 per cent to 716.084 million tonnes during the last fiscal year. The country had produced 730.874 million tonnes (MT) of coal in FY'20.

    Cadila Healthcare: Viona Pharmaceuticals Inc is recalling over 21,000 bottles of metformin hydrochloride extended-release tablets manufactured by Ahemdabad-based Cadila Healthcare, the latest enforcement report of the US Food and Drug Administration (USFDA) said.

    Avenue Supermarts: The owner and operates retail chain D-Mart said its standalone revenue from operations rose 31.27 per cent to Rs 5,031.75 crore for the quarter ended June 30. The company had revenue from operations of Rs 3,833.23 crore in the April-June quarter a year ago.

    JK Cement: The part of JK Organisation, targets up to 10 per cent growth in its revenue this fiscal, helped by the government's push for infrastructure, a good monsoon and pent-up demand for the sector, said a top company official.

    Laurus Labs: The drug firm said it has received the licence from Defence Research and Development Organisation to manufacture and market COVID-19 treatment drug 2-Deoxy-D-Glucose (2DG).

    Tata Consumer Products: The Tata Groups FMCG arms will work "very closely" with BigBasket, an e-Commerce platform that was recently acquired by the Tata Group, to drive win-win synergies in terms of costs and topline, according to the company's managing director and CEO, Sunil D'Souza.

    Colgate-Palmolive India: The leading oral care player has said it is well prepared to meet the challenges by virtue of its strong financial position and its "continued focus" on key priorities.

    Marico: The FMCG firm said its domestic business has witnessed over 30 per cent growth in the April-June quarter helped by double-digit volume growth.

    Dixon Technologies: The leading electronic goods contract manufacturer said it has received approval for IT hardware manufacturing under the government's PLI scheme. It is amongst the 14 companies domestic and international, which has been granted approval for IT hardware manufacturing under PLI Scheme for IT hardware products.

    IndoStar Capital Finance: The NBFC has acquired a 25 crore share in its home finance subsidiary for Rs 250 crore, the company said. The company has acquired 25 crore fully paid equity shares of Rs 10 each aggregating to Rs 250 crore of IndoStar Home Finance, a fast-growing wholly-owned subsidiary of the company.

    Nagarjuna Fertilizers and Chemicals: The chemical producer reported a consolidated net loss of Rs 218.99 crore for the quarter ending March. Its net loss stood at Rs 134.15 crore in the January-March quarter of the previous financial year.

    Punjab & Sind Bank: The Reserve Bank of India imposed a penalty of Rs 25 lakh on Punjab and Sind Bank for non-compliance with certain provisions of directions on 'Cyber Security Framework in Banks'. The state-owned bank had reported a few cyber incidents to the RBI on May 16 and 20, 2020.

    Sadbhav Engineering: The engineering compnay reported an almost six-fold rise in standalone profit-after-tax of Rs 47.21 crore for the quarter ended March. The company had posted standalone PAT of Rs 8.81 crore in the corresponding quarter of previous fiscal.



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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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