Tag: Buzzing Stocks

The Indian market is likely to open lower Friday following losses in global markets as the COVID-19 cases continue to surge in the US. At 7:40 am, the SGX Nifty was trading 109.50 points or 0.86 percent lower at 12,637.50, indicating a negative start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. Reliance Industries: The company will invest up to $50 million in Breakthrough Energy Ventures IILP. The capital contribution constitutes 5.75 percent of the size of the fund contemplated at present. The said investment will be made in tranches over the next 8-10 years. (Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.)

2. Mahanagar Gas: The company’s net profit in Q2FY21 fell 46.6 percent to Rs 144.3 crore from Rs 270.1 crore while revenue declined 36.3 percent to Rs 549 crore from Rs 861.5 crore, YoY.

3. Grasim Industries: The company’s board approved the sale of fertiliser operations to Indorama for Rs 2,650 crore. Net profit in Q2FY21 fell 31.6 percent to Rs 360.2 crore from Rs 526.5 crore while revenue declined 28.3 percent to Rs 3,438.2 crore from Rs 4,795.1 crore, YoY.

4. Indiabulls Real Estate: Rakesh Jhunjhunwala’s Rare Enterprises on Thursday acquired 50 lakh shares of the company at an average price of Rs 57.73 through an open market transaction.

5. Eicher Motors: The company’s net profit in Q2FY21 declined 40.1 percent to Rs 343.3 crore from Rs 572.7 crore while revenue fell 2.7 percent to Rs 2,133.6 crore from Rs 2,192.5 crore, YoY.

6. Fortis Healthcare: The company’s consolidated net profit in Q2FY21 declined 87.52 percent to Rs 15.47 crore from Rs 124.04 crore, YoY. Consolidated revenue from the operations stood at Rs 994.70 crore versus Rs 1,212.17 crore, YoY. Hospital business revenues were at Rs 746.3 crore as against Rs 972.3 crore earlier.

7. Sun TV Network: The company’s net profit in Q2FY21 decreased 9.1 percent to Rs 335.1 crore from Rs 368.7 crore while revenue fell 4.4 percent to Rs 768.7 crore from Rs 803.9 crore, YoY.

8. HUDCO: The company’s net profit in Q2FY21 fell 37 percent to Rs 457.2 crore from Rs 725.8 crore while revenue dropped 9.9 percent to Rs 1,833.6 crore from Rs 2,035.7 crore, YoY.

9. Punjab & Sind Bank: The bank’s net loss in Q2FY21 narrowed to Rs 401.27 crore from Rs 468.73 crore in the same period a year ago. The loss, however, widened sequentially from Rs 116.89 crore in the June quarter of FY21.

10. Sterling and Wilson Solar: The company reported an 81 percent drop in consolidated net profit to Rs 15.09 crore in Q2FY21 from Rs 79.41 crore, YoY. Total income rose to Rs 1,375.94 crore from Rs 1,265.65 crore, YoY.

The Indian market is likely to open lower as the SGX Nifty, an early indicator of Indian market was trading 40.00 points or 0.51 percent lower at 12,744.00 at 8:30 am.

Here are the top 10 buzzing stocks for today:

1. Aviation companies: The airline stocks, InterGlobe Aviation and SpiceJet will be in focus after the government increased domestic flight capacity to 70 percent from 60 percent earlier.

2. Coal India: The company’s net profit in Q2FY21 fell 16.2 percent to Rs 2,951.6 crore from Rs 3,522.9 crore while revenue increased 3.8 percent to Rs 21,153.1 crore from Rs 20,382.6 crore, YoY.

3. PowerGrid Corporation: The company’s net profit in Q2FY21 rose 20.3 percent to Rs 3,094.1 crore from Rs 2,571.1 crore while revenue increased 5.3 percent to Rs 9,529.7 crore from Rs 9,051.3 crore, YoY.

4. Shree Cement: The company’s standalone net profit in Q2FY21 rose 77.1 percent to Rs 547.2 crore from Rs 309 crore while revenue rose 7.9 percent to Rs 3,022.8 crore from Rs 2,801.7 crore, YoY.

5. Aurobindo Pharma: The company’s net profit in Q2FY21 rose 26 percent to Rs 805.6 crore from Rs 639.5 crore while revenue increased 15.8 percent to Rs 6,483.3 crore from Rs 5,600.5 crore, YoY.

6. Indiabulls Housing Finance: The company’s net profit in Q2FY21 rose 18.3 percent to Rs 323 crore from Rs 273 crore while net interest income rose 2.6 percent to Rs 750 crore from Rs 731 crore, QoQ.

7. Gujarat State Petronet: The company’s net profit in Q2FY21 fell 28.4 percent to Rs 498.6 crore from Rs 696.2 crore while revenue declined 2.1 percent to Rs 2,980.4 crore versus Rs 3,043.2 crore, YoY.

8. SpiceJet: The company reported loss at Rs 105.6 crore in Q2FY21 as against loss at Rs 461.2 crore while revenue fell to Rs 1,070.5 crore from Rs 2,848.3 crore, YoY.

9. Ashoka Buildcon: The company reported a higher profit at Rs 70.4 crore in Q2FY21 against Rs 11.4 crore, revenue increased 14.6 percent to Rs 1,189.3 crore from Rs 1,037.8 crore YoY.

10. Brigade Enterprises: The company reported a loss of Rs 30.6 crore in Q2FY21 as against a profit of Rs 37.6 crore, YoY. Revenue fell 57.7 percent to Rs 310.8 crore from Rs 735.3 crore, YoY.

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.

The Indian market may open higher on Tuesday following a rally in global stocks on positive developments over COVID-19 vaccine. At 7:55 am, the SGX Nifty was trading 203.00 points or 1.62 percent higher at 12,701.00, indicating a positive start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. TCS: The company will acquire Postbank Systems from Deutsche Bank.

2. Reliance Industries: The company said that its subsidiary Reliance Retail Ventures Ltd received the subscription amount of Rs 9,555 crore from Public Investment Fund (PIF) and allotted 140,051,300 equity shares to PIF (Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.)

3. Oil India: The company’s net profit in Q2FY21 declined to Rs 382 crore from Rs 661.5 crore while revenue fell 32.5 percent to Rs 2,175 crore from Rs 3,221.2 crore, YoY.

4. Prestige Estates Projects: The company has executed a term sheet with Blackstone Group to sell commercial, retail and hospitality properties worth Rs 9,160 crore.

5. PTC India: The company reported a lower consolidated profit at Rs 193.6 crore in Q2FY21 against Rs 201.3 crore, revenue rose to Rs 6,004.6 crore from Rs 5,225.4 crore YoY.

6. Punjab & Sind Bank: The bank will mull raising up to Rs 6,000 crore via equity on November 12.

7. Indiabulls Real Estate: The company will issue secured, redeemable, non-convertible debentures aggregating upto Rs 50 crore, on a private placement basis.

8. EID Parry: The company’s net profit in Q2FY21 rose 75 percent to Rs 317.8 crore from Rs 181.6 crore while revenue increased 2.8 percent to Rs 5,836.2 crore from Rs 5,675 crore, YoY.

9. HDFC Ltd: The mortgage lender announced cutting its retail prime lending rate (RPLR) on housing loans by 10 basis points.

10. JK Cement: The company’s net profit in Q2FY21 jumped to Rs 221.1 crore from Rs 81.9 crore and revenue increased 24 percent to Rs 1,634.4 crore from Rs 1,317.6 crore, YoY.

The Indian market is likely to open higher on Monday on positive global cues after Democrat Joe Biden defeated Donald Trump in the presidential elections. Sustained foreign capital inflow into domestic market may also lift sentiment. At 7:45 am, the SGX Nifty was trading 167.50 points or 1.37 percent higher at 12,433.00, indicating a positive start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. Maruti Suzuki: The company’s total October passenger vehicle production rose 50.7 percent to 1.76 lakh from 1.17 lakh, YoY.

2. ITC: The company’s net profit in Q2FY21 fell 19.7 percent to Rs 3,232.4 crore from Rs 4,023.1 crore while revenue rose 0.9 percent from Rs 11,976.8 crore from Rs 11,871.5 crore, YoY. EBITDA decreased 11 percent to Rs 4,060 crore from Rs 4,562.5 crore and EBITDA margin declined to 33.9 percent from 38.4 percent, YoY.

3. Biocon: The company’s arm Biocon Biologics approved a $150 million fund injection from Goldman Sachs.

4. Aurobindo Pharma: The company has completed the acquisition of MViyeS Pharma Ventures.

5. Adani Gas: The company has entered into a strategic collaboration to explore clean energy solutions with Italy-based Snam.

6. Vedanta: The company’s consolidated net profit in Q2FY21 fell 61.8 percent to Rs 824 crore from Rs 2,158 crore while consolidated revenue declined 3.9 percent to Rs 21,107 crore from Rs 21,958 crore, YoY.

7. Ashok Leyland: The company reported a consolidated net loss of Rs 146.7 crore in Q2FY21 as against a profit of Rs 38.9 crore, YoY. Consolidated revenue declined 27.8 percent to Rs 2,836.6 crore from Rs 3,929.5 crore, YoY.

8. Cipla: The company’s consolidated net profit in Q2FY21 rose 37.8 percent to Rs 661.8 crore from Rs 480 crore while revenue increased 14.6 percent to Rs 5,038.3 crore from Rs 4,395.8 crore, YoY.

9. SAIL: The company reported a net profit of Rs 436.5 crore in Q2FY21 as against a loss of Rs 286 crore, YoY. Revenue increased 19.8 percent to Rs 16,925.5 crore from Rs 14,129, YoY.

10. BHEL: The company posted a net loss of Rs 552 crore in Q2FY21 as compared to a profit of Rs 121.7 crore, YoY. Revenue fell 40.6 percent to Rs 3,696 crore from Rs 6,226.9 crore, YoY.

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.

The Indian market may open higher Thursday tracking strength in global peers as investors awaited a clear result from the US election. At 7:40 am, the SGX Nifty was trading 169.50 points or 1.42percent higher at 12,077.50, indicating a positive start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. PVR, Inox Leisure: The Maharashtra government has allowed cinema halls/theatres/multiplexes to open with 50 percent capacity from November 5.

2. HPCL: The company reported a net profit of Rs 2,477.4 crore in Q2FY21 as against Rs 1,052.3 crore while revenue declined 14.9 percent to Rs 51,773.3 crore from Rs 60,868.4 crore, YoY. Q2 Gross Refining Margin was at $5.11/bbl versus $2.83, YoY. The board approved Rs 2,500 crore share buyback at Rs 250 per share.

3. Tata Motors: S&P has revised the company’s outlook to Negative.

4. United Spirits: The company’s net profit in Q2FY21 declined 42.8 percent to Rs 128.4 crore from Rs 223.6 crore and revenue fell 6.5 percent to Rs 2,145.9 crore from Rs 2,296.2 crore, YoY.

5. Indian Hotels: The company posted a consolidated loss at Rs 230 crore in Q2FY21 against a profit of Rs 71.3 crore, revenue dropped to Rs 257 crore from Rs 1,007 crore YoY.

6. Jubilant Life Sciences: The company’s net profit in Q2FY21 fell 10 percent to Rs 224 crore from Rs 249 crore while revenue declined 4.8 percent to Rs 2,375 crore from Rs 2,266 crore, YoY.

7. Pidilite Industries: The company’s net profit in Q2FY21 rose 9.7 percent to Rs 356.4 crore from Rs 325 crore while revenue rose 4.1 percent to Rs 1,880.3 crore from Rs 1,806.6 crore, YoY.

8. Godrej Agrovet: The company reported a higher consolidated profit at Rs 115.5 crore in Q2FY21 as compared to Rs 102.6 crore while revenue declined to Rs 1,723.9 crore from Rs 1,851.1 crore, YoY.

9. JK Lakshmi Cement: The company’s net profit in Q2FY21 rose 75.5 percent to Rs 80.6 crore from Rs 45.9 crore while revenue increased 11.7 percent to Rs 1,045 crore from Rs 935 crore, YoY.

10. Apollo Tyres: The company’s net profit in Q2FY21 jumped to Rs 200 crore from Rs 83.1 crore and revenue increased 7.4 percent to Rs 4,282.6 crore from Rs 3.985.8 crore, YoY.

The Indian market is likely to trade volatile on Wednesday as investors will keenly watch development over the result of the US presidential elections. At 8:20 am, the SGX Nifty was trading 87.75 points or 0.74 percent lower at 11,761.50 indicating a negative start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. State Bank of India: The country’s largest lender is likely to report a good Q2 earnings today. The loan growth is expected to be around 6-8 percent on a year-on-year (YoY) basis. Net interest margins (NIMs) are expected to remain stable aided by cost of funds. Provisions are expected to remain on the higher side due to elevated slippages and moratorium book. Asset quality is likely to improve. Guidance on credit cost, growth and provisions will be seen closely.

2. Adani Ports & SEZ: The company’s net profit in Q2FY21 rose 31.6 percent to Rs 1,387 crore from Rs 1,054.1 crore while revenue increased 2.9 percent to Rs 2,902.5 crore from Rs 2,821.2 crore, YoY

3. PVR: The company posted a consolidated loss of Rs 183.9 crore in Q2FY21 as against a profit of Rs 47.9 crore, YoY. Revenue fell to Rs 40.4 crore from Rs 973.2 crore, YoY.

4. Future Retail: The company has filed a caveat in the Delhi High Court following the Singapore arbitration court’s interim stay order on the deal with Reliance Retail Ventures.

5. Adani Gas: The company’s net profit rose to Rs 136 crore in Q2FY21 from Rs 120 crore while revenue dropped to Rs 441 crore from Rs 503 crore, YoY.

6. Ajanta Pharma: The company’s net profit in Q2FY21 rose 46.3 percent to Rs 170.2 crore from Rs 116.4 crore and revenue rose 11.4 percent to Rs 715.9 crore from Rs 642.8 crore, YoY. The company’s board approved a share buyback worth up to Rs 135.97 crore at Rs 1,850 per share.

7. IndiGrid Trust: The company reported 64 percent YoY decline in consolidated net profit to Rs 85.5 crore in Q2FY21 while revenue increased to Rs 384.8 crore from Rs 372.9 crore YoY.

8. JMC Projects (India): The company reported a loss of Rs 18.13 crore in Q2FY21 as against a profit of Rs 14.44 crore, YoY. Total income declined to Rs 848.43 crore from Rs 985.57 crore, YoY.

9. Geojit Financial Services: The company’s net profit in Q2FY21 rose to Rs 32.27 crore from Rs 9.18 crore while revenue increased by 52 percent to Rs 108.59 crore from Rs 71.34 crore, YoY.

10. Ratnamani Metals: The company reported a consolidated profit of Rs 56.7 crore in Q2FY21 as against Rs 76.5 crore while revenue at Rs 576.9 crore versus Rs 610.2 crore, YoY.

The Indian market is likely to open higher Tuesday following gains in the global markets. At 8:35 am, the SGX Nifty was trading 106.00 points or 0.91 percent higher at 11,775.50, indicating a positive start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. Tata Motors: The company’s domestic sales in October rose 27 percent to 49,669 units from 39,152 units YoY. CV exports in the month increased by 20 percent to 2,420 Units from 2,019 units in October 2019.

2. Punjab National Bank: The bank’s net profit rose to Rs 620.8 crore in Q2FY21 from Rs 308.5 crore while NII grew 24.4 percent to Rs 8,393.2 crore from Rs 6,748.4 crore, QoQ.

3. Zee Entertainment Enterprises: The company’s net profit in Q2FY21 fell 77.4 percent to Rs 93.4 crore from Rs 413 crore while revenue declined 18.8 percent to Rs 1,722.7 crore from Rs 2,122 crore, YoY.

4. Larsen & Toubro: The company has emerged as the lowest bidder for the design and construction of an 88-km stretch of the viaduct for the 508-km Mumbai-Ahmedabad bullet train project.

5. NTPC: The company reported 7.4 percent rise in Q2FY21 net profit at Rs 3,504.8 crore as against Rs 3,262.4 crore while revenue rose 8.4 percent to Rs 24,677.1 crore from Rs 22,764.6 crore, YoY.

6. ICICI Lombard General Insurance Company: The Competition Commission of India (CCI) has approved the acquisition of the general insurance business of Bharti AXA by ICICI Lombard.

7. City Union Bank: The bank’s net profit fell 18.5 percent to Rs 157.7 crore in Q2FY21 from Rs 193.5 crore while NII rose 15.4 percent to Rs 475.1 crore from Rs 411.5 crore, YoY.

8. Vodafone Idea: The company has named Jagbir Singh as its new chief technology officer.

9. Cadila Healthcare: The company’s net profit in Q2FY21 rose to Rs 473 crore from Rs 107 crore while revenue increased 13.5 percent to Rs 3,820 crore from Rs 3,366 crore, YoY.

10. Shriram City Union Finance: The company reported a nearly 10 percent YoY fall in consolidated net profit at Rs 275.46 crore in Q2FY21. The assets under management (AUM) as of September 30, 2020, fell to Rs 27,537 crore from Rs 29,722 crore earlier.