The Indian market is likely to open higher Wednesday tracking a positive trend in Asian peers. At 7:58 am, the SGX Nifty was trading 57.50 points or 0.45 percent higher at 12,712.50, indicating a positive start for the Sensex and Nifty50.
Here are the top 10 buzzing stocks for today:
1. Telecom companies: Bharti Airtel added 28.99 lakh users, Reliance Jio added 18.64 lakh users while Vodafone Idea lost 12.28 lakh users in August, as per TRAI data. (Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.)
2. NMDC: The company’s net profit in Q2FY21 rose 10.1 percent to Rs 772.5 crore from Rs 701.5 crore while revenue fell 0.5 percent to Rs 2,229.9 crore from Rs 2,241.8 crore, YoY. The company’s board has approved share buyback up to Rs 1,378 crore at Rs 105 per share.
3. Tata Power Company: The company’s net profit in Q2FY21 rose 9.6 percent to Rs 370.9 crore from Rs 338.5 crore while revenue increased 8 percent to Rs 8,289.8 crore from Rs 7,677.8 crore, YoY.
4. Future Consumer: The company’s net loss in Q2FY21 widened to Rs 146.8 crore from Rs 16.7 crore, YoY. Revenue declined to Rs 238.9 crore from Rs 1,120.8 crore, YoY.
5. Bata India: The company reported a loss of Rs 44.3 crore in Q2FY21 as against a profit of Rs 71.3 crore, YoY. Revenue plunged to Rs 367.9 crore from Rs 722 crore, YoY.
6. V-Mart Retail: The company reported a loss of Rs 25.7 crore in Q2FY21 as against a loss of Rs 22.9 crore in Q2FY20. Revenue fell 44.1 percent to Rs 175.5 crore from Rs 314.1 crore, YoY.
7. Raymond: The company reported a loss of Rs 136.6 crore in Q2FY21 as against a profit of Rs 86.2 crore while revenue fell to Rs 674.2 crore from Rs 1,883.2 crore, YoY.
8. Punjab & Sind Bank: The government has okayed infusion of Rs 5,500 crore capital into the bank in lieu of preferential allotment of shares.
9. GMR Infrastructure: The company’s net loss in Q2FY21 widened to Rs 750 crore from Rs 458 crore, YoY. Total income declined to Rs 1,448 crore as compared with Rs 2,164 crore, YoY.
10. Aarti Industries: The company reported a profit of Rs 143.5 crore in Q2FY21 as compared to Rs 151.8 crore, revenue increased to Rs 1,330.4 crore from Rs 1,076.8 crore, YoY.