Tag: stock to watch

The Indian market is likely to open little changed Tuesday following a subdued trend in Asian peers. At 7:50 am, the SGX Nifty was trading 1 point or 0.01 percent higher at 11,288.00, indicating a flat start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. Bandhan Bank: The RBI has lifted regulatory restrictions on the remuneration of the bank’s Managing Director and CEO. With this, all the regulatory restrictions imposed by the central bank are now withdrawn.

2. Bharti Airtel: The company has completed the payment on commercial papers issued on May 18.

3. SBI: SEBI has imposed a penalty of Rs 10 Lakh on the bank for non-compliance of Mutual Fund Regulations with the directions issued by the SEBI in the case of holding, more than prescribed limit, equity shares of UTI AMC Ltd and UTI Trustee Company Pvt. Ltd.

4. RBL Bank: The bank’s board will consider raising funds via a preferential issue on August 20.

5. SBI Cards & Payment Services: The company has raised Rs 500 crore via 5.75 percent 2023 bonds.

6. Punjab National Bank: ICRA has assigned AA- ratings to the bank’s Basel III-compliant Tier II bonds and Basel II compliant lower Tier II bonds. It has also revised the outlook to Stable on Basel III compliant tier II bonds and infrastructure bonds.

7. Delta Corp: The company said that the temporary suspension of operations has had an impact on the revenue of its casino and hospitality business, but its online skill gaming business continues to operate and grow.

8. Petronet LNG: The bank’s net profit in Q1FY21 rose 33.9 percent to Rs 499.8 crore from Rs 373.2 crore while revenue fell 43 percent to Rs 4,883.6 crore from Rs 8,567.2 crore, QoQ. EBITDA rose 30.5 percent to Rs 909.9 crore while EBITDA margin expanded by 1050 bps to 18.6 percent from 8.1 percent, QoQ.

9. Triveni Engineering & Industries: The company has approved Rs 65 crore buyback through the tender offer process at a price of Rs 105 per share.

10. Quess Corp: The company will disinvest 100 percent stake in its wholly-owned subsidiary Dependo Logistics Solutions in an all-cash deal. The transaction is expected to be completed by August 20.

The Indian market is likely to open on a cautious note on Friday following a mixed trend in Asian peers. At 8:00 am, the SGX Nifty was trading 3.95 points or 0.03 percent lower at 11,319.50, indicating a mildly negative start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. Tata Steel: The company posted a net loss of Rs 4,373.6 crore in Q1FY21 as against a profit of Rs 699.7 crore in the year-ago period. Revenue declined 32.4 percent to Rs 24,288.5 crore from Rs 35,947.1 crore, YoY. EBITDA fell 90.6 percent to Rs 505.5 crore while EBITDA margin was at 2.1 percent versus 15 percent, YoY.

2. BPCL: The company reported a net profit of Rs 2,076 crore in Q1FY21 as against a loss of Rs 1,361 in the previous quarter. Revenue fell 43.8 percent to Rs 38,785.1 crore from Rs 68,991.4 crore, QoQ. EBITDA was at Rs 3,915.7 crore versus an EBITDA loss of Rs 618.8 crore, QoQ. Gross refining margin (GRM) fell to $0.39/bbl from $2.81/bbl, YoY.

3. Hero MotoCorp: The company’s net profit in Q1FY21 fell 95.1 percent to Rs 61.3 crore from Rs 1,257.3 crore while revenue declined 63 percent to Rs 2,971.5 crore from Rs 8,030.3 crore, YoY. EBITDA fell 90.7 percent to Rs 108 crore while EBITDA margin decreased to 3.6 percent from 14.4 percent, YoY.

4. InterGlobe Aviation: IndiGo July passenger load factor stood at 60.2 percent versus 60.7 percent in June. Market share in July was at 60.4 percent versus 52.8 percent in June.

5. SpiceJet: July passenger load factor was at 70 percent versus 68 percent in June. July market share stood at 15.7 percent versus 16.8 percent in June.

6. Eicher Motors: The company reported a loss of Rs 55.2 crore in Q1FY21 versus a profit of Rs 451.8 crore in Q1FY20. Revenue fell 65.6 percent to Rs 818.2 crore from Rs 2,381.9 crore, YoY. EBITDA plunged 99.4 percent to Rs 3.8 crore while EBITDA margin decreased to 0.5 percent from 25.8 percent, YoY.

7. City Union Bank: The bank’s net profit in Q1FY21 fell 16.9 percent to Rs 154.3 crore from Rs 185.6 crore while net interest income (NII) rose 4.8 percent to Rs 437 crore from Rs 416.8 crore, YoY. Asset quality during the quarter improved sequentially.

8. Bank of India: The bank’s board has approved raising up to Rs 8,000 crore by preferential issue, QIP, further public offer, etc.

9. Jindal Steel & Power Ltd: The company has started supply of 1080 grade Head Hardened rails to Rail Vikas Nigam Ltd (RVNL) for the completion of Kolkata Metro’s Joka-Esplanade corridor. JSPL was selected by RVNL after a bidding process to supply 3000 MT of Head Hardened rails. So far, JSPL has supplied 1300 MT of 1080 grade Head Hardened rails to RVNL, the remaining delivery of 1700 MT will be made within a week.

10. Ahluwalia Contracts (India): The company has secured new order worth Rs 290 crore for construction of a new building from NBCC (India) Ltd.

Indian indices are likely to open in the green on Thursday tracking gains in Asian peers after Wall Street’s S&P 500 index briefly touched record highs in overnight trade. SGX Nifty also indicated a positive opening for Sensex, Nifty.

Here are the top 10 buzzing stocks for today:

1. Ashok Leyland: The company reported net loss of Rs 388.8 crore in Q1FY21 as against a profit of Rs 243 crore in the year-ago period. Revenue declined 88.5 percent to Rs 650.9 crore from Rs 5,684 crore, YoY. EBITDA was at Rs 333.2 crore as compared to EBITDA gain of Rs 537 crore, YoY.

2. Aurobindo Pharma: The company’s net profit in Q1FY21 rose 22.8 percent to Rs 780.7 crore from Rs 635.7 crore while revenue increased 8.8 percent to Rs 5,924.8 crore from 5,444.6 crore, YoY. EBITDA rose 9.7 percent to Rs 1,257.4 crore from Rs 1,146.4 crore while EBITDA margin increased to 21.2 percent from 21.1 percent, YoY.

3. Indiabulls Housing Finance: The company has appointed former deputy RBI governor Subhash Sheoratan Mundra as its non-executive chairman with immediate effect. Sameer Gehlaut has relinquished the office of Executive Chairman of the company and he will be CEO at Indiabulls Ventures.

4. Britannia Industries: The company will consider raising funds via Commercial Papers on August 17.

5. Tata Power: The company’s net profit in Q1FY21 rose 10.2 percent to Rs 268.1 crore from Rs 243.08 crore while revenue fell 16.9 percent to Rs 6,453 crore from Rs 7,766.7 crore, YoY.

6. Mahindra & Mahindra Financial Services: The company’s rights issue was subscribed 1.3 times, resulting in a demand generation of over Rs 4000 crore.

7. Affle (India) Limited: The company will acquire an 8 percent stake in Talent Unlimited Online Services Pvt Ltd (Bobble AI), India for a total cash consideration of Rs 19.8 crore.

8. ABB India: The company reported 82 percent fall in Q1FY21 net profit to Rs 10.9 crore as against Rs 29.2 crore while revenue was reported at Rs 634.3 crore versus Rs 811.9 crore, down 41.6 percent, YoY.

9. Cummins India: Q1FY21 net profit fell 65.3 percent to Rs 53 crore from Rs 152.6 crore while revenue declined 62.8 percent to Rs 502.8 crore from Rs 1,351.7 crore, YoY. EBITDA plunged 98.7 percent to Rs 1.9 crore from Rs 151.7 crore while EBITDA margin decreased to 0.4 percent from 11.2 percent, YoY.

10. Thermax: The company reported a loss of Rs 15.3 crore in Q1FY21 as against a profit of Rs 62.8 crore in Q1FY20. Revenue fell 53.3 percent to Rs 664.9 crore from Rs 1,392.4 crore, YoY. Ashish Bhandari will be the company’s new MD and CEO.

The Indian market is likely to open lower Wednesday following losses in Asian markets as investors continue to monitor coronavirus developments. At 8:45 am, the SGX Nifty was trading 102.50 points or 0.90 percent lower at 11,238.00, indicating a negative start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. HDFC Ltd: The company has raised Rs 10,000 crore equity capital by issuing shares to qualified investors, including the Government of Singapore and Invesco Oppenheimer Developing Markets Fund. Besides, it has raised Rs 3,693 crore through an issue of non-convertible debentures.

2. Eicher Motors: The company’s shareholders have approved share split of existing one equity share of face value Rs 10 each into ten equity shares of Re 1 each. The expected time of share split is 2-3 months. The issued, subscribed and paid up share capital of the company will increase to 27.3 crore equity shares from 2.73 crore shares.

3. Wipro: The company has completed the acquisition of salesforce partner 4C.

4. Adani Ports & SEZ: The company’s Q1FY21 net profit fell 26.2 percent to Rs 757.8 crore from Rs 1,028.7 crore while revenue declined 19 percent to Rs 2,292.7 crore from Rs 2,794.5 crore, YoY. EBITDA fell 24.5 percent to Rs 1,394.2 crore from Rs 1,846.4 crore and EBITDA margin decreased by 530 bps to 60.8 percent from 66.1 percent, YoY.

5. ONGC: The company has allotted NCDs worth Rs 1,000 crore.

6. Hexaware Technologies: The company has entered in pact with Freshworks to offer digital solutions for its customers.

7. Petronet LNG: Owing to COVID 19 Pandemic and consequent reduced RLNG demand during the lockdown period, the company was constrained to invoke Force Majeure for nine long term cargos with its suppliers and discussion on the same are ongoing. During the said period, the company also received requests under regasification contracts for deferment of third party cargos to subsequent months.

8. JMC Projects (India): The company has received new orders of Rs 1,363 crore which includes building projects in South India totaling Rs 1,169 crore and water supply project in Bihar of Rs 194 crore.

9. Muthoot Finance: The company’s board has sought shareholders’ nod to increase borrowing limit to Rs 75,000 crore from Rs 50,000 crore on August 19.

10. Metropolis Healthcare: The company’s Q1FY21 profit declined 89.2 percent to Rs 2.87 crore from Rs 26.9 crore while revenue fell 29.6 percent to Rs 143.1 crore from Rs 203.3 crore, YoY.

The Indian market is likely to open higher Tuesday following gains in global markets. At 8:05 am, the SGX Nifty was trading 79.80 points or 0.71 percent higher at 11,373.80, indicating a positive start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. ICICI Bank: The bank has set the floor price at Rs 351.36 per equity share for its QIP which opened on August 10. A decision on the final issue price and allotment will be taken on August 14.

2. Bank of Baroda: The state-run lender reported Q1FY21 loss at Rs 864.3 crore as against a profit of Rs 709.6 crore, YoY. Net interest income (NII) rose 4.91 percent to Rs 6,816 crore from Rs 6,497 crore, YoY. Asset quality improved marginally. The bank has also reduced overnight MCLR by 15 bps to 7 percent w.e.f. August 12.

3. Titan Company: The company posted net loss of Rs 270 crore in Q1FY21 as against a profit of Rs 371 crore in the year-ago period. Revenue declined 62.3 percent to Rs 1,862 crore from Rs 4,939 crore, YoY. The company reported an EBITDA loss of Rs 246 crore in Q1FY21 as against EBITDA gain of Rs 565 crore in Q1FY20.

4. Kotak Mahindra Bank: The private sector lender said it has achieved compliance with the RBI norms in respect of dilution of promoter Uday Kotak’s shareholding. The bank was required to bring down the promoter’s shareholding to 26 percent.

5. PowerGrid Corporation: The company’s net profit in Q1FY21 fell 18.5 percent to Rs 1,978.9 crore from Rs 2,427.9 crore while revenue declined 2.1 percent to Rs 8,988.7 crore from Rs 8,804.1 crore, YoY. EBITDA fell 0.3 percent to Rs 7,877 crore from Rs 7,897.3 crore while EBITDA margin contracted by 210 bps to 87.6 percent, YoY.

6. InterGlobe Aviation: The company’s board approved raising funds up to Rs 4,000 crore via issue of equity shares by way of a qualified institutional placement (QIP).

7. Shree Cement: The company’s net profit in Q1FY21 rose to Rs 370.8 crore from Rs 363 crore while revenue fell to Rs 2,325.8 crore from Rs 3,036.41 crore, YoY.

8. Cupid: The company has received USFDA approval for additional four variants of the company’s male contraceptives to market them in US.

9. Triveni Engineering: The company will buy back up to 61.9 lakh shares at Rs 105 per share via the tender offer route.

10. Sonata Software: The company’s Q1FY21 profit fell to Rs 49.9 crore from Rs 61.8 crore while revenue increased to Rs 952.4 crore from Rs 928.7 crore, QoQ.

The Indian market is likely to open lower Friday following mixed trend in Asian peers as investors await several economic data releases for July. At 7:50 am, the SGX Nifty was trading 9.50 points or 0.08 percent lower at 11,203.50, indicating a mildly negative start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. HPCL: The company reported a net profit of Rs 2,813.8 crore in Q1FY21 as against Rs 26.8 crore while revenue was at Rs 37,721 crore versus Rs 66,154.8 crore, QoQ. EBITDA was at Rs 4,353.6 crore versus EBITDA loss of Rs 706.8 crore, QoQ.

2. Vodafone Idea: The company’s net loss widened in Q1FY21 to Rs 25,460 crore from Rs 11,643.5 crore in the previous quarter. Revenue fell 9.3 percent to Rs 10,659.3 crore from Rs 11,754.2 crore, QoQ. ARPU fell to Rs 114 versus Rs 121, QoQ.

3. Lupin: The company has signed an exclusive distribution pact with ForDoz Pharma for two complex injectable assets under development in the US.

4. Jubilant Foodworks: The company has forayed into FMCG category with a range of ready to cook sauces, gravies and pastes. The company has launched 8 products across Indian and Chinese cuisines which will be initially available across e-commerce portals.

5. Wipro: The company has partnered with Intel to enable Wipro’s LIVE Workspace, Wipro’s digital workspace solution with the Intel vPro platform. This joint collaboration will help customers drive business continuity by enabling remote IT support and solutions.

6. PNB Housing Finance: The company has appointed Hardayal Prasad as the new MD & CEO w.e.f August 10. Previously, Prasad was the Managing Director & Chief Executive Officer of SBI Cards.

7. Welspun Corp: The company’s board has approved listing of Welspun Middle East Pipes Ltd (WMEPL) in the local stock exchange of Saudi Arabia. The process of Listing would involve divestment of 15 percent (at maximum) of the total issued shares of WMEPL, held by Welspun Corp Ltd through its overseas subsidiary, at a pro-rata consideration exceeding $30 million, along with proportionate shares to be divested by the local partners. Post the proposed listing, the shareholding of the company in WMEPL would not fall below 35 percent from its existing shareholding of 50.01 percent.

8. Torrent Power: The company’s net profit in Q1FY21 rose 35.4 percent to Rs 372.7 crore from Rs 275.3 crore while revenue fell 19.5 percent to Rs 3,007 crore from Rs 3,736 crore, YoY. EBITDA rose 16.3 percent to Rs 969.4 crore while EBITDA margin increased by 990 bps to 32.2 percent, YoY.

9. Pidilite Industries: The company’s Q1FY21 net profit was reported at Rs 15.8 crore versus Rs 294.4 crore and revenue at Rs 877.8 crore versus Rs 2,016.2 crore YoY. Domestic volume declined 57 percent versus CNBC-TV18 poll of 60 percent decline.

10. Prince Pipes and Fittings: The company has entered into a technical collaboration with Tooling Holland BV, a global leader in the international plastic injection moulding industry based in The Netherlands.

The Indian market is likely to open higher Thursday ahead of the Reserve Bank of India’s (RBI) monetary policy amid mixed global cues. At 7:45 am, the SGX Nifty was trading 16.00 points or 0.14 percent higher at 11,132.00, indicating a positive start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. Banks/NBFCs: Financial stocks will be in focus ahead of the Reserve Bank of India’s (RBI) monetary policy today.

2. HDFC Ltd: The corporation has launched QIP at floor price of Rs 1,838.94 per share. It will raise Rs 14,000 crore via equity and warrants and Rs 9,000 crore via NCDs.

3. Max Financial Services: Promoter Max Ventures Investment Holdings has sold 61 lakh shares (2.26 percent stake) of the company at Rs 535.18 per share. The stake sale was worth Rs 326.46 crore.

4. InterGlobe Aviation: The company’s board will meet on August 10 to consider raising funds.

5. DLF: The real estate developer reported a net loss of Rs 71.5 crore in Q1FY21 as against profit of Rs 413.9 crore in the year-ago period. Revenue fell 58.8 percent to Rs 548.6 crore from Rs 1,331.2 crore, YoY.

6. Alkem Laboratories: The company has launched Favipiravir in India under the brand name ‘Alfluenza’ for the treatment of mild to moderate COVID-19.

7. Canara Bank: The bank’s net profit in Q1FY21 rose 23.5 percent to Rs 406.24 crore from Rs 329.07 crore while total income increased to Rs 20,685.91 crore from Rs 14,062.39 crore, YoY.

8. Adani Gas: The company’s net profit in Q1FY21 fell to Rs 38.91 crore from Rs 79.31 crore while revenue declined to Rs 206.6 crore from Rs 479 crore, YoY.

9. Vivimed Labs: The company has received an export order for the supply of ‘Favulous’ tablets 200 mg (Favipiravir) that is used for the treatment of mild to moderate cases of COVID-19.

10. Inox Leisure: The company has reported a loss of Rs 73.64 crore in Q1FY21 as against profit of Rs 27.01 crore while revenue was at Rs 0.25 crore versus Rs 493 crore, YoY. The company’s board has approved the resolution of raising up to Rs 250 crore through the issuance of equity shares or other securities.

The Indian market is likely to open flat Wednesday amid a mixed trend in Asian peers. At 7:50 am, the SGX Nifty was trading 14.00 points or 0.13 percent higher at 11,086.00, indicating a flat-to-positive start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. Axis Bank: The bank has set a floor price of Rs 442.19 per equity share for its proposed Rs 15,000 crore qualified institutional placement (QIP).

2. Info Edge India: The company has set the floor price of its QIP at Rs 3,177.18 per share.

3. Adani Ports & SEZ: The company has raised $750 million via unsecured notes.

4. HPCL: The company has issued NCDs worth Rs 1,200 crore on a private placement basis.

5.  Tata Consumer Products: The company’s net profit in Q1FY21 rose 88.6 percent to Rs 327.5 crore from Rs 173.7 crore while revenue increased 13.4 percent to Rs 2,713.9 crore from Rs 2,392.4 crore, YoY.

6. Havells India: The company will issue commercial papers worth Rs 300 crore to ICICI Bank and Rs 200 crore to ICICI Prudential Money Market Fund.

7. Astral Poly Technik: The company’s Q1FY21 net profit was reported at Rs 19.9 crore versus Rs 47.1 crore while revenue was at Rs 403.9 crore versus Rs 606.6 crore, YoY.

8. Unichem Laboratories: The company reported net profit of Rs 2.43 crore in Q1FY21 as against a loss of Rs 6.19 crore in the year-ago period. Revenue rose to Rs 317.3 crore from Rs 273.2 crore, YoY.

9. Gujarat Gas: The company’s net profit in Q1FY21 fell to Rs 59 crore from Rs 234 crore while revenue declined to Rs 1,107.4 crore from Rs 2,671 crore, YoY.

10. SH Kelkar and Company: The company has acquired 49 percent equity stake in Italy-based Creative Flavours and Fragrances for around Rs 126 crore.

The Indian market is likely to open higher Tuesday following gains in Asian peers. At 7:55 am, the SGX Nifty was trading 49.50 points or 0.45 percent higher at 10,961.00, indicating a positive start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. Yes Bank: Moody’s Investors Service has upgraded Yes Bank’s long-term foreign-currency issuer rating to B3 from Caa1 after the bank’s equity capital raise of Rs 15,000 crore. The outlook on Yes Bank’s ratings has been changed to Stable from Positive.

2. Jubilant Life Sciences: The company announced that its subsidiary, Jubilant Generics, has launched remdesivir for injection under the brand name ‘JUBI-R’ in the Indian market at a price of Rs 4,700 per vial of 100 mg (lyophilized injection).

3. Infosys: The company has received an order from Bahrain Bank for transaction banking operations.

4. SpiceJet: The Directorate General of Civil Aviation (DGCA) has asked SpiceJet to withdraw its offer for discounted tickets as it was found in violation of fare cap set by the government, sources said. The decision from the regulator came hours after it had asked the airline for a clarification on the sale offered despite a cap on fares in place.

5. Bank of India: The lender has deferred the capital raising plan to the next board meeting.

6. Exide Industries: The company reported a net loss of Rs 13.5 crore in Q1FY21 as against a profit of Rs 161.6 crore, YoY. Revenue fell 31.1 percent to Rs 2,526 crore from Rs 3,664.2 crore, YoY.

7. KEC International: The company has secured new orders of Rs 1,192 crore across its various businesses, viz, transmission & distribution (Rs 821 crore), urban infra (Rs 146 crore), civil (Rs 57 crore) and cables (Rs 168 crore).

8. VST Industries: The company’s net profit in Q1FY21 remained unchanged at Rs 75.7 crore while revenue fell 19.4 percent to Rs 245.6 crore from Rs 305.7 crore, YoY.

9. Dhanlaxmi Bank: The bank’s net profit in Q1FY21 declined 69.2 percent to Rs 6.1 crore from Rs 19.8 crore while net interest income fell 12.3 percent to Rs 79 crore from Rs 90.1 crore, YoY. Gross NPA ratio rose to 6.89 percent from 5.90 percent while net NPA ratio increased to 2.18 percent from 1.55 percent, QoQ.​​

10. BSE: The company’s standalone profit in Q1FY21 fell to Rs 32.34 crore from Rs 34.36 crore while total income stood at Rs 138.08 crore as against Rs 142.35 crore, YoY.

The Indian market is likely to open higher on Friday amid mixed trade in Asian peers. At 8:05 am, the SGX Nifty was trading 47.50 points or 0.43 percent higher at 11,149.00, indicating a positive start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. Reliance Industries: The company’s consolidated net profit in Q1FY21 increased 30.6 percent to Rs 13,248 crore from Rs 10,104 crore while revenue fell to Rs 91,238 crore from Rs 1,62,353 crore, YoY. Jio clocked a 182 percent YoY growth in its net profit to Rs 2,520 crore while ARPU came in at Rs 140. (Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.)

2. Wipro: UK-based Metro Bank has awarded Wipro a multi-year contract to deliver and transform testing and environment management services.

3. SpiceJet: The Airports Authority of India (AAI) had placed SpiceJet’s operations under “cash and carry” arrangement at all airports, via a notice issued on July 29. However, the decision has now been deferred. Under the cash and carry mode, an airline can use airport facilities only after making advance payments.

4. HDFC: The shareholders gave the approval to raise up to Rs 1.25 lakh via NCDs, approval for the sale of shares held in HDFC Life Insurance and HDFC Ergo General Insurance.

5. Lakshmi Vilas Bank: The bank has extended the exclusivity period for the amalgamation of Clix Capital Services and Clix Finance into the bank till September 15, 2020, because of the delay in due diligence on account of the current pandemic and the travel restrictions.

6. InterGlobe Aviation: The company’s board has decided to further deliberate on the matter relating to raising funds at a subsequent meeting.

7. UltraTech Cement: The company has completed the divestment process of Shandong Binani Rongan Cement Co. Ltd. upon receipt of all regulatory approvals.

8. Adani Power: The Competition Commission of India has approved the company’s 49 percent stake buy in Odisha Power.

9. Torrent Pharma: The company’s Q1FY21 net profit rose 48.6 percent to Rs 321 crore from Rs 216 crore and revenue increased 1.7 percent to Rs 2,056 crore from Rs 2,022 crore, YoY.

10. Indian Overseas Bank: The bank’s board has approved raising up to Rs 500 crore via equity and Rs 1,500 crore in Tier II capital.