Stocks in the news: Lupin, BHEL, Ruchi Soya, Adani Total Gas, Coal India, BEML and Reliance Power

Nifty futures on Singapore Exchange traded 55 points, or 0.35 per cent lower at 15,768.00 signaling that Dalal Street was headed for a negative start on Monday. Here are a dozen stocks that may buzz the most in today's trade:

Coal India, IOB, IDFC: Coal India, Indian Overseas Bank, IDFC, Arti Industries, Kajaria Ceramics, JB Chemicals and Pharmaceuticals, IFB Industries, Hemisphere Properties India,, Responsive Industries, Greenply Industries, BF Utilities, Tips Industries and Globus Spirits that will announce their March quarter results today.

Adani Total Gas, Adani Green: NSDL has frozen the accounts of three foreign funds — Albula Investment Fund, Cresta Fund and APMS Investment Fund — which together own over Rs 43,500 crore worth of shares in four Adani Group companies. The entities, which are registered at the same address in Port Louis and do not have websites, together hold 6.82 per cent in Adani Enterprises, 8.03 per cent in Adani Transmission, 5.92 per cent in Adani Total Gas and 3.58 per cent in Adani Green.

NBCC (India): The state-owned construction company, which is in the race to acquire Jaypee Infratech Ltd (JIL), assured stuck homebuyers that its bid is concrete, fully backed by the government and the PSU will complete over 20,000 pending flats on time as per the schedule.

Reliance Power: The board of ADAG's utility company approved a preferential issue of 59.5 crore equity shares and 73 crore warrants worth Rs 1,325 crore to its promoter firm Reliance Infrastructure. It aggregates up to Rs 1,325 crore.

Ruchi Soya: The edible oil firm, which is owned by Baba Ramdev-led Patanjali Ayurveda, has filed a draft document with SEBI to launch a follow-on public offer (FPO) for raising up to Rs 4,300 crore. The FPO is being launched to meet the SEBI norm of minimum public shareholding of 25 per cent in a listed entity.

Lupin: The drug firm Lupin said it has received a warning letter from the US health regulator for its Somerset facility in the US. The United States Food and Drug Administration (USFDA) had inspected the company's Somerset, New Jersey, facility from September 10, 2020, to November 5, 2020, Lupin said.

CG Power and Industrial Solutions: The heavy electrical equipment firm acquired by the Tube Investments of India group company of Murugappa Group last year, has chalked out capital expenditure plans of Rs 135 crore during the current financial year. It posted a consolidated net profit of Rs 294.13 for March quarter 2020-21 on the back of higher revenues.

DHFL: Leading exchanges BSE and NSE will suspend trading in the shares of Dewan Housing Finance Corporation Ltd (DHFL) with effect from Monday.

NTPC: The state-run power giant has floated a global expression of interest (EoI) for setting up a hydrogen fuel-based power backup system and a standalone fuel-cell based microgrid system, a statement said. Through these projects, NTPC is looking to further strengthen its footprint in green and clean fuel.

Axis Bank: The private lender is likely to raise its stake in Max Life Insurance to about 20 per cent over the next 12-18 months, the insurance company's CEO Prashant Tripathy said.

Coal India: World's largest miner is expected to reward its shareholders with an additional final dividend of 20-25 per cent in its board meeting on June 14 that will declare fourth-quarter financial results, sources said.

ITC: Amid COVID-19 pandemic and slump in the hospitality industry owing to lockdown and travel restrictions, ITC Hotels is optimistic about domestic tourism prospects and planning to increase the number of properties under the brand Welcomhotel.

Sun Pharma: The drum major has no immediate plans to enter into vaccine production as getting into the vertical would require an altogether different manufacturing set-up.

DLF: The realty major reported a consolidated net profit of Rs 480.94 crore for the quarter ended March. It sold residential properties worth Rs 3,084 crore in the last fiscal year, registering a growth of 24 per cent from 2019-20, as it saw better demand for completed and new inventories despite the pandemic.

Bank of Maharashtra: The state run lender is looking to raise up to Rs 2,000 crore through qualified institutional placement (QIP) route before July-end, its Managing Director and CEO A S Rajeev said. In April this year, the Pune-based lender had received board approval to raise Rs 5,000 crore by way of QIP/rights issue/ preferential issue or by issuing Basel III bonds.

Saint-Gobain India: The glassmaker, which has entered into the B2C segment in the housing solutions business, is looking at a revenue in the range of Rs 750 crore to Rs 1,000 crore in three to five years.

Eicher Motors: Mid-sized motorcycle maker Royal Enfield expects the current fiscal to be one of the best for the company in terms of new model launches as it looks to drive in an array of new products for domestic and international markets.

Adani Enterprises: The Adani Group firm said it has incorporated a wholly-owned subsidiary, Adani Cement Industries Limited (ACIL), to manufacture all types of cements.

BEML: Defence Public Sector Undertaking recorded its highest ever turnover of Rs 3,557 crore for 2020-21 against the previous financial year's figure of Rs 3,029, a 17 per cent growth. It said DIPAM and NITI Aayog have agreed to the proposal of incorporation of a wholly-owned arm for demerger of surplus land and assets as part of BEML's strategic disinvestment process.

Max Ventures & Industries: The holding company has clocked nearly 10-fold jump in its consolidated net profit at Rs 33.59 crore for the quarter ended March 2021 and announced its decision to foray into residential real estate business. Its net profit stood at Rs 3.43 crore in the year-ago period.

Edelweiss Financial Services: The financial services firm reported a consolidated net profit of Rs 636.70 crore for the March 2021 quarter. The company had posted a net loss of Rs 2,281.55 crore in the year-ago same quarter. Sequentially also, there was a net loss of Rs 63 crore in the December 2020 quarter.

Majestic Auto: The markets regulator Sebi directed Majestic Auto to keep the appointment of three independent directors in abeyance. As per an interim order, prima facie, Majestic Auto was not in compliance with the processes of appointment of independent directors (IDs).

Sun TV: The south India focussed media firm reported a consolidated profit after tax (PAT) of Rs 487.86 crore for the March 2021 quarter. The company had reported a PAT of Rs 245.23 crore in the January-March 2020 period. Enam’s Jiten Doshi raises corporate governance concerns of the company.

Cochin Shipyard : The country's largest commercial shipbuilder reported a 55 per cent growth in consolidated profit to Rs 236.21 crore for the March 2021 quarter. The company had posted a profit of Rs 152.37 crore in the March 2020 quarter.

Bank of India: The state-owned lender said it has allotted preference shares to the government for Rs 3,000 crore capital infusion. The bank has allotted 42,11,70,854 fresh equity shares of Rs 10 each to the government (promoter) at Rs 71.23 per share, amounting to Rs 3,000 crore through preference issue, Bank of India said in a regulatory filing.

BHEL: The state-owned engineering firm's consolidated net loss narrowed to Rs 1,036.32 crore in the March 2021 quarter, mainly on the back of higher revenues. The company's consolidated net loss stood at Rs 1,532.18 crore in the quarter ended on March 31, 2020.

ABB India: The heavy electrical equipment firm announced the reappointment of Sanjeev Sharma as Managing Director for a period of 5 years commencing from January 1, 2022. The current term of Sharma expires on December 31, 2021.

Ipca Labs: The drug firm said it has acquired an additional 13.09 per cent stake in Trophic Wellness Pvt Ltd for a cash consideration of Rs 21.20 crore, making it a subsidiary of the company.