The Indian market is likely to open higher Tuesday amid positive momentum in Asian peers. At 7:55 am, the SGX Nifty was trading 42.00 points or 0.37 percent higher at 11,423.00, indicating a positive start for the Sensex and Nifty50.
Here are the top 10 buzzing stocks for today:
1. SBI: The bank plans to recruit more than 14,000 people this year.
2. Dr Reddy’s Laboratories: The company has launched Fulvestrant injection in the US market.
3. Future Enterprises: The company reported a consolidated net loss of Rs 394.77 crore in Q4FY20 as against a net profit of Rs 66.58 crore, YoY. Revenue fell 50.01 percent to Rs 783.28 crore from Rs 1,566.96 crore, YoY.
4. EIH: The company’s board has approved raising up to Rs 350 crore via right issue.
5. Indian Overseas Bank: The bank has reduced MCLR rates by 10 bps across various tenors with effect from September 10.
6. Amber Enterprises India: The company’s board has approved QIP issue at a floor price of Rs 1,798.72 per share.
7. Parag Milk Foods: The company’s Q1FY21 net profit fell to Rs 3.23 crore from Rs 27.5 crore while revenue declined to Rs 435.6 crore from Rs 629.74 crore, YoY.
8. Info Edge (India): The company’s Q1FY21 standalone net profit rose 24.7 percent to Rs 83.2 crore while revenue fell 10.5 percent to Rs 280.1 crore, YoY. Billing was down 44 percent to Rs 188.6 crore.
9. Bharat Dynamics: The government has proposed to sell upto 1.83 crore shares (10% stake) and an additional 91.6 lakh shares (5% stake) at a floor price of Rs 330 per share.
10. ITI: The company has signed an MoU with Ilantus Technologies to deliver solutions to government agencies, defence, PSUs and banking sector. The company has also received a letter of intent from Bharti Airtel for fibre to home rollout in 8 circles in the country.