The Indian market is likely to open on a cautious note Friday following a mixed trend in the Asian markets as US election uncertainty remains. Meanwhile, the US Federal Reserve kept interest rates unchanged near zero. At 7:50 am, the SGX Nifty was trading 11.50 points or 0.09 percent lower at 12,163.50, indicating a mildly negative start for the Sensex and Nifty50.
Here are the top 10 buzzing stocks for today:
1. Reliance Industries: Public Investment Fund (PIF) invests Rs 9,555 crore in Reliance Retail Venture for 2.04 percent stake. (Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.)
2. Cadila Healthcare: Drug regulator’s subject expert committee has rejected Zydus Cadila’s application for emergency use authorization for its biological therapy, Pegylated Interferon alpha-2b or ‘PegiHepTM’ as a treatment of moderate COVID-19 patients. The rejection has come based on limited data and the small size of Phase 2 clinical trials.
3. Berger Paints: The company’s consolidated net profit in Q2FY21 rose 13.6 percent to Rs 221 crore from Rs 194.7 crore while revenue increased 9 percent to Rs 1,742.6 crore from Rs 1,598.6 crore, YoY.
4. Inox Leisure: The company reported consolidated net loss at Rs 67.8 crore in Q2FY21 as against a profit of Rs 35.1 crore, YoY. Revenue declined to Rs 0.36 crore from Rs 519.9 crore, YoY.
5. Indiabulls Housing Finance: The company’s board will consider raising funds via securities on November 11.
6. Dalmia Bharat: The company reported a consolidated net profit at Rs 232 crore in Q2FY21 as against Rs 36 crore while its revenue increased 7.8 percent to Rs 2,410 crore from Rs 2,236 crore, YoY.
7. Adani Power: The company’s reported a higher consolidated profit at Rs 2,228 crore in Q2FY21 against Rs 3.9 crore, revenue jumped 31 percent to Rs 7,749.2 crore from Rs 5,915.7 crore, YoY.
8. Greaves Cotton: The company reported a net loss of Rs 22.5 crore in Q2FY21 versus a profit of Rs 43.1 crore, YoY. Revenue fell 35.7 percent to Rs 329.4 crore from Rs 512.4 crore, YoY.
9. Chambal Fertilisers: The company’s net profit in Q2FY21 rose 14.7 percent to Rs 436.7 crore from Rs 380.8 crore while revenue increased 12.3 percent to Rs 3,986.9 crore from Rs 3,550.1 crore, YoY.
10. Birla Corporation: The company’s net profit in Q2FY21 rose 88.6 percent to Rs 166.6 crore from Rs 88.3 crore while revenue increased 1.7 percent to Rs 1,654.2 crore from Rs 1,626.9 crore, YoY.