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 With this, all the regulatory restrictions imposed by the central bank are now withdrawn.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.