May 26, 2024

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Passion For Business

Stocks to watch: Voda Idea, ONGC, Airtel, autos, HUL, JSPL, Future Grp stks

At 08:45 am, Nifty futures on the Singapore Exchange (SGX) ended up investing 11.five details or .11 for each cent decrease at ten,247, indicating a flat start out for the Indian marketplace on Wednesday.

Here’s a seem at the leading stocks that may possibly continue being in aim today –

Vodafone Concept: Vodafone Idea’s pre-tax loss rose seventy three for each cent to Rs 11,742 crore in the March quarter of 2019-20 owing to fantastic expenses. The telecom business had posted a pre-tax loss of Rs 6,758 crore in the similar quarter final yr.

ONGC: Point out-run Oil and Organic Gasoline Corporation (ONGC) noted a pre-tax loss of Rs ten,529 crore in the fourth quarter of the money yr 2019-20 (Q4FY20) simply because of a drop in crude oil charges, the effects of the lockdown, and exchange losses.

Bharti Airtel: The Carlyle Team on Wednesday introduced that it will commit $235 million for roughly twenty five for each cent stake in Nxtra Info Ltd, a wholly-owned subsidiary of Bharti Airtel engaged in the info centre enterprise.

Jindal Steel & Electricity (Mauritius), or JSPML, a subsidiary of Naveen Jindal-led Jindal Steel and Electricity (JSPL) said on Tuesday that it has recognized a binding give from Templar Investments to divest its whole stake in its Oman asset, Jindal Shadeed Iron and Steel (JSIS Oman).

Potential Team stocks: The Kishore Biyani-led Potential group has zeroed in on SBI General to promote its majority stake in the common insurance policies joint enterprise, and on Premji Invest for its lifestyle insurance policies enterprise stake, according to this report by Company Common.

RITES: RITES Ltd on Tuesday noted a 4.28 for each cent decrease in consolidated revenue at Rs 143.93 crore for the quarter ended March 31, 2020. The railways consultancy business had posted a consolidated revenue of Rs a hundred and fifty.38 crore in the corresponding quarter of preceding fiscal, it said in a regulatory filing to the BSE.

ZEEL, Certainly Financial institution: The private sector loan company has submitted a accommodate at the Bombay High Court in opposition to Zee Entertainment Enterprises and its board of administrators, more than their alleged failure to honour obligations beneath a disputed warranty associated to a 2016 financial loan of all over $fifty million, according to a report by Moneycontrol.

Automobile stocks: Automakers will start out releasing their June quarter sales quantities from today. Even more simplicity in lockdown, interesting financing strategies, and anticipations of ordinary monsoon could aid auto providers to create-on the need recovery seen in May well, and article enhanced sales figures on a monthly basis for June 2020, feel analysts.

HUL, other FMCG corporations: FMCG main HUL Chairman Sanjiv Mehta on Tuesday cautioned that the “chance of economic downturn continues to be real” but it have to not be taken as a foregone conclusion while stating that the route again to growth will count on a array of motorists, such as the trajectory of coronavirus, effectiveness of containment efforts and economic steps taken by governments, amid others.


Kalpataru Electricity Transmission Ltd (KPTL) on Tuesday said it has secured new orders well worth Rs 956 crore. KPTL acquired orders from India, Africa and Middle East in T&D enterprise, the corporation said in a regulatory filing.

Godfrey Phillips India: Net revenue of the corporation declined 19.86 for each cent to Rs 38.69 crore in the quarter ended March 2020 as in opposition to Rs forty eight.28 crore in the yr-back period.

Financial institution of Baroda: The lender’s board has accredited issuance of Basel III Compliant Extra Tier I Bonds for mixture complete issue dimensions not exceeding Rs.2000 crore in one or multiple tranches.

Marico: The corporation informed that it has acquired the remaining 55 for each cent equity stake in Zed Life style from its existing shareholders.