Stocks in the news: L&T, Airtel, Federal Bank, SBI, YES Bank and Cipla

Nifty futures on the Singapore Exchange traded 107 points, or 0.73 per cent, lower at 14,817 signaling that Dalal Street was headed for a positive start on Monday. Here are a dozen stocks which may buzz the most in today’s trade:

Bharti Airtel, Federal Bank:

, Gland Pharma, , Federal Bank, Wabco India, Subex, , , Orient Cements, 3I Infotech, , Rane Brake Lining and Butterfly Gandhimathi Appliances are among companies that will announce their March quarter results today.

Larsen & Toubro: The engineering and construction major reported 11.3 per cent rise in consolidated net profit at Rs 3,820.16 crore for March quarter 2020-21 on the back of higher revenue from operations. The company had posted a net profit of Rs 3,430.10 crore in the year-ago period.

of India: The largest state owned lender will sell three bad accounts to asset reconstruction companies or other financial institutions next month to recover dues of over Rs 235 crore, according to a sales notice.

Cipla: The drug major posted 73 per cent rise in consolidated net profit at Rs 412 crore for the fourth quarter ended March 31, 2021 on the back of robust sales across markets. The Mumbai-based firm had reported a net profit of Rs 238 crore in January-March 2019-20.

Macrotech Developers: The recently listed Realty firm reported a 31 per cent increase in its consolidated net profit at Rs 312.19 crore for the fourth quarter of last financial year despite lower income. Its net profit stood at Rs 238.44 crore in the year-ago period.

Granuels India: The drug firm has earmarked a capex of around Rs 1,000 crore which it aims to invest over the next three financial years on expansion of operations, according to a top company official. The Hyderabad-based firm plans to invest on a new manufacturing facility and on expanding production capacities at existing plants.

YES Bank: The private lender has invited bids for sale of immovable assets of a borrower, E Commerce Magnum Solution Ltd, to recover dues of over Rs 345 crore.

Mindspace REIT: The recenlty listed REIT declared a distribution of Rs 285.2 crore to its unitholders for the quarter ended March. For the entire 2020-21 financial year, the company distributed Rs 568.7 crore to its unitholders.

CK Birla Group building materials and solutions company reported a standalone net profit of Rs 40.55 crore for the fourth quarter ended March 31, 2021. The company had posted a net profit of Rs 8.07 crore during the January-March quarter of the previous fiscal.

Mangalore Chemicals and Fertilisers: The smallcap fertiliser firm reported a 38 per cent decline in its net profit at Rs 15.11 crore for the quarter ended March. Its net profit stood at Rs 24.45 crore in the year-ago period.

Punjab National Bank: State-owned lender said it has raised Rs 1,800 crore by selling 53 crore shares on a private placement basis to investors like LIC and Societe Generale. Eligible Qualified Institutional Buyers (QIBs) were given the share at an issue price of Rs 33.75 per unit aggregating to Rs 1,799.99 crore, PNB said in a regulatory filing.

Quick Heal Technologies: The security software provider said its consolidated net profit grew manifold to Rs 39.7 crore in the March 2021 quarter. The company had posted a net profit of Rs 7.9 crore in the year-ago period.

Escorts: With the second wave of the COVID-19 pandemic hitting rural areas, tractor sales will be impacted in the short term although in the second half of the fiscal it is likely to pick up to give the industry a mid-single digit growth, according to a senior official of farm equipment major Escorts.

Bata India: Leading footwear major said it has appointed Gunjan Shah, the former chief commercial officer of Britannia Industries, as its new chief executive officer.

SKF India: The industrial goods firm reported a 39.1 per cent growth in profit after tax at Rs 104.83 crore in the March quarter of FY2020-21. The Swedish auto component maker had posted a PAT of Rs 75.34 crore in Q4 of FY2019-20.

Aditya Birla Capital: The Birla group firm reported the highest ever quarterly net profit of Rs 375 crore for the fourth quarter ended March 2021. It had posted a net profit of Rs 144 crore in the year-ago period.

Kesoram Industries: The BK Birla Group company posted a consolidated net profit of Rs 96.41 crore during the fourth quarter of the 2020-21 fiscal as compared to a loss of Rs 82.17 crore in the year-ago period.

Jindal Stainless: The metal producer has reported a consolidated net profit of Rs 292.61 crore for the fourth quarter ended March 2021. The company had registered a net loss of Rs 66.20 crore in the year-ago period.

Welspun India: The textile firm reported a 48.3 per cent jump in consolidated net profit to Rs 134.34 crore in the fourth quarter ended March 2021, helped by higher income. The company had posted a net profit of Rs 90.59 crore in the year-ago period.

Geojit Financial Services: The leading brokerage has nearly doubled its net profit at Rs 36.8 crore for the quarter to March, up 95 per cent from Rs 18.8 crore a year ago, when the market was ravaged by the pandemic last year.

Hero Motocorp: The country’s leading two wheeler maker is looking to launch an electric model next year and mark its entry into the segment, according to a senior company official. Bullish on the electric vehicle (EV) vertical, the company is utilising its Jaipur (Rajasthan) and Stephanskirchen (Germany) based R&D set-ups to develop its own products.

Hester Bioscience: The pharma maker said it has tied up with the Gujarat government to explore production of COVID-19 vaccine through technology transfer from Bharat Biotech. The Ahmedabad-based firm said it has already initiated the discussions with Bharat Biotech in this regard.

Cholamandalam Financial Holdings: Murugappa Group company has reported a standalone profit of Rs 31.97 crore for the quarter ending March 31, 2021. The Chennai-based firm registered standalone profit of Rs 25.36 crore during the corresponding quarter last.

Zensar Technologies: The IT company said it will acquire US-based M3bi in a USD 30.6 million deal, a move that will help the Indian IT firm augment its thrust in data engineering, analytics, artificial intelligence/machine learning and advanced engineering services.

Tata Steel BSL: The Tata Group firm said its board has re-appointed Rajeev Singhal as managing director (MD) of the company for a one-year term. In a BSE filing, the company also informed about the re-appointment of Sanjib Nanda as the chief financial officer (CFO).

CG Power: The Heavy Electrical Equipment entity said it will seek shareholder approval to allot 1.38 crore shares for Rs 101.20 crore to Standard Chartered Bank on a preferential basis to settle liability in an extra-ordinary general meeting on June 7.

Hotel stocks: The Indian hotel industry has taken a hit of over Rs 1.30 lakh crore in revenue for the fiscal year 2020-21 due to the impact of the COVID-19 pandemic, the Federation of Hotel & Restaurant Associations of India (FHRAI) said on Sunday.

Route Mobiles: The internet software services providers’ wholly owned subsidiary Route Mobile (UK) has appointed John Owen as the chief executive officer (CEO) of its Europe and Americas operations. He will be based in the London office.

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