Nifty futures on the Singapore Exchange traded 31.50 points, or 0.22 per cent, higher at 14,371.50 in signs that Dalal Street was headed for a positive start on Monday. Here are a few stocks which may buzz the most in today’s trade:
SBI Card,
and TechM: HDFC Life, SBI Card, , Castrol India, Delta Corp, , Tata Teleservices (Maharashtra) and Snowman Logistics are some of the companies which will announce their March quarter results today. Bank: The second largest private sector lender, which reported more than three-fold jump in its standalone net at Rs 4,402 crore, said that things will be better in the next two months and exuded confidence of having a strong balance-sheet to deliver consistent returns.
HCL Tech: The IT services major is engaging closely with clients to prioritise work, and shifting some workload from India to other geographies to ensure business continuity. HCL Tech posted a 6.1 per cent decline in consolidated net profit in March quarter to Rs 2,962 crore.
ONGC: The petroleum ministry has told India’s largest oil and gas producer ONGC to sell stake in producing oil fields such as to Ratna R-Series to private firms, get foreign partners in KG basin gas fields, monetise existing infrastructure, and hive off drilling and other services into a separate firm to raise production.
Lupin, Sun Pharma: Leading generic drug makers Lupin, Sun Pharma and Jubilant Cadista are recalling different products in the US for different reasons.
Morepen Laboratories: Drug firm Morepen Laboratories is betting big on the diagnostics devices segment going forward while building its presence in the active pharmaceutical ingredient (API) segment, a top company official said. Its board will meet this week to consider fund raising.
NBCC: Financial creditors of debt-ridden Jaypee Infratech will meet on April 29 to discuss the resolution plans submitted by state-owned NBCC and Suraksha group to acquire the realty firm through an insolvency process.
Karnataka Bank: The lender said it is targeting to grow its business at 12 per cent to over Rs 1.42 lakh crore in the current fiscal year and will gradually increase the share of retail loan in its portfolio.
Mahindra & Mahindra Financial Services: Mahindra Finance reported an 8 per cent decline in its consolidated net profit at Rs 219 crore for the quarter ended March 31. The company’s net profit had stood at Rs 239 crore during the similar January-March quarter of the preceding fiscal year 2019-20.
(IBREL): The company reported a consolidated net profit of Rs 94.5 crore for the January-March quarter. The Mumbai-based firm had posted a net loss of Rs 109.70 crore in the year-ago period.
Oriental Hotels: The associate company of The Indian Hotels Company, has reported a standalone net loss for the quarter ending March 31, 2021 at Rs 4.64 crore
