Stocks in the news: Macrotech Developers, HDFC Bank, ACC, FRL & Mindtree

Nifty futures on the Singapore Exchange traded 128 points, or 0.87 per cent, lower at 14,513.50 in signs that Dalal Street was headed for a negative start on Monday. Here are a few stocks which may buzz the most in today’s trade:

Macrotech Developers: Shares of the realtor, which recently raised Rs 2,500 crore through a public issue, will list its shares on stock exchanges on April 19. The Mumbai-based company launched its IPO on April 7 to raise Rs 2,500 crore through fresh issue of shares. The issue, which had a price band of Rs 483-486 per share, closed on April 9.

HDFC Bank: The private lender reported a 15.8 per cent rise in its consolidated net profit to Rs 8,434 crore for the January-March quarter on the back of healthy interest income driven by growth in advances.

ACC, ICICI Pru: ACC, ICICI Prudential Life Insurance Company, Crisil and Bajaj Consumer Care would be among companies which would announce their quarterly results on Monday.

Future Retail: Lenders of the debt-ridden Future Retail Ltd have approved a plan to restructure the existing financial debt of the company under an RBI announced resolution framework for COVID-19 related stress.

Sun Pharma, Alembic Pharma: Leading drug makers

and Alembic Pharmaceuticals are recalling different products in the US, the world’s largest market for medicines. As per the latest Enforcement Report by the US Food and Drug Administration (USFDA), US-based unit of Sun Pharma is recalling 91,211 pre-filled syringes of Ganirelix Acetate injection due to “failed impurities/degradation specifications”.

Bank of Baroda, Canara Bank and PNB: Lenders of debt-ridden telecom firms Aircel and are planning to challenge the ruling of company law tribunal NCLAT over spectrum sale as they fear it will lead to NPAs of around Rs 60,000 crore claimed by them.

ICICI Lombard: The general insurance company reported 23 per cent rise in net profit at Rs 346 crore for March quarter 2020-21. The non-life insurer had posted a net profit of Rs 282 crore in the corresponding period of 2019-20.

Mindtree: IT firm

said its consolidated net profit rose by 53.9 per cent to Rs 317.3 crore in the March quarter on the back of strong operational efficiency, and expressed confidence in logging double-digit growth in FY22.

Glenmark Pharma:

said its wholly-owned arm Glenmark Life Sciences has filed preliminary papers for an initial public offer with market regulator Sebi.

Adani Green Energy: A company arm has bagged a 150 MWac solar energy project capacity from Torrent Power.

Tata Steel: The company said it is supplying up to 300 tonnes of medical oxygen on a daily basis to various state governments and hospitals for treatment of Covid-19 patients. Liquid medical oxygen or LMO is a crucial medical requirement for the treatment of coronavirus patients.

NBCC: Jaypee Infratech’s lenders have asked state-owned NBCC Ltd and Suraksha group to improve their bid and offer more land parcels under an insolvency process to acquire debt-laden realty firm.

Coffee Day Enterprises: The debt-ridden Coffee Day Enterprises said trading of its shares would be resumed at BSE and NSE from April 26. “Revocation of suspension of trading in the equity shares of CDEL has been done by NSE and BSE vide their letter dated 16th April 2021. The trading in the securities of the company will be resumed from 26th April 2021,” it said.

SBI: SBI has put up for sale non-performing asset (NPA) account MSP Metallics Ltd against which a total of 10 banks have collective loan outstanding of over Rs 1,493 crore. SBI has the highest share of lending (37.19 per cent) to MSP Metallics amounting to Rs 555.51 crore.

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