Stocks

Stocks in the news: Sterling and Wilson, Srei Infra, DHFL, ONGC and Voda Idea

Nifty futures on the Singapore Change traded 77 factors, or 0.51 per cent, larger at 15,235 in indicators that Dalal Avenue was headed for a constructive begin on Monday. Listed here are a couple of shares which can buzz essentially the most in immediately’s commerce:

Tata Metal: The corporate is betting on increasing metal demand to double its capability to 40 million tonnes. Having lowered debt by Rs 18,000 crore, Asia’s oldest steelmaker plans to renew its growth plans at its present services in Odisha and Jharkhand.

Srei Infra:

stated it has posted a consolidated web lack of Rs 3,810 crore throughout the third quarter of the present fiscal on account of upper and accelerated provisioning as a prudent measure.

Housing Finance: Mortgage lender Indiabulls Housing Finance is seeking to increase Rs 5,000 crore by way of the securitisation route in fourth quarter of the present monetary 12 months, in keeping with a senior firm official.

Sterling and Wilson Photo voltaic: The corporate stated it has bagged an order price Rs 930 crore in Egypt. It has signed an order price $127.5 million (Rs 930 crore) within the Kom Ombo area of Egypt, an announcement by Sterling and Wilson stated.

HCL Tech: HCL Applied sciences plans to boost about $500 million in an abroad bond sale, which might be a primary — not just for the software program firm but additionally for the exports-oriented outsourcing trade, the place India is a frontrunner. Financing an oshore acquisition could also be one of many motives of the proposed difficulty

Puravankara: Bengaluru-based realty agency ‘s gross sales bookings rose by 42 per cent year-on-year to Rs 570 core within the third quarter of this fiscal as demand of residential properties recovered.

Magma Fincorp: The corporate stated it’s holding an EGM subsequent month to hunt shareholders’ approval to the preferential allotment of shares for Rs 3,206 crore to Adar Poonawalla-controlled Rising Solar Holdings (RSHPL) to present it a controlling stake within the NBFC.

Bharti Airtel: The corporate stated its board will meet on February 17 to debate the longer term strategic plans and reorganisation of the shareholding framework of subsidiary firms

Lupin, Aurobindo Pharma: US-based models of drug corporations

and Aurobindo Pharma are recalling sure merchandise within the American market, as per the most recent enforcement report of the US Meals and Drug Administration (USFDA).

DHFL: Dewan Housing Finance Company (

) posted a consolidated web lack of Rs 13,095.38 crore within the third quarter ended December 2020 in opposition to a web revenue of Rs 934.31 crore within the 12 months in the past quarter.

Vodafone Concept: Debt-ridden Vodafone Concept reported narrowing of consolidated loss to Rs 4,532.1 crore within the third quarter ended on December 31, 2020, primarily on account of a one-time acquire from stake sale in Indus Towers.

ONGC: Taking a leaf out of Reliance Industries Ltd’s playbook, state-owned

(ONGC) is forming a brand new subsidiary for gasoline enterprise that may very well be used to bid and purchase gasoline from the agency’s personal fields. The state-owned firm reported over 67 per cent fall within the December quarter revenue.

Kalpataru Energy Transmission: The corporate posted greater than two-fold bounce in consolidated web revenue to Rs 308 crore for the December quarter in comparison with the year-ago interval primarily on the again of upper revenues.

IDBI Financial institution: LIC-controlled IDBI Financial institution stated its board has permitted a proposal of setting off the lender’s collected losses by April 1, 2021, in full or partially, through the use of the stability within the securities premium account.

Glenmark Prescription drugs: Drug agency Glenmark Prescription drugs reported a 30.04 p.c rise in its consolidated web revenue to Rs 248.17 crore for the quarter ended December 2020, primarily on account of strong gross sales in India and development within the API section.

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