Stocks in the news: SBI, Airtel, DRL, Tata Consumer and Adani Group stocks

Nifty futures on the Singapore Exchange traded 29 points, or 0.18 per cent higher at 16,194, signaling that Dalal Street was headed for a positive start on Wednesday. Here are a dozen stocks which may buzz the most in today’s trade:

SBI, Titan, Adani Green: State Bank of India,

, Adani Green Energy, , Adani Total Gas, ICICI Lombard General Insurance Company, Bosch, Tata Communications, , and Apollo Tyres are among the companies that will announce quarterly earnings today.

Adani Ports and Special Economic Zone: The Adani Group firm reported a 77.04 per cent jump in consolidated net profit to Rs 1,341.69 crore for the first quarter of the current financial year. The country’s largest

player had clocked a consolidated net profit of Rs 757.83 crore in the corresponding period a year ago.

Bharti Airtel: India’s second-largest telecom firm reported a consolidated net profit of Rs 284 crore for the June quarter against a loss of Rs 15,933 crore a year ago when the company had made provisioning for AGR dues.

Tata Consumer Products: The Tata Group firm reported a decline of 42.05 per cent in consolidated net profit to Rs 200.24 crore for the first quarter ended June 2021, on account of one-time exceptional gains in the previous year.

Dr Reddy’s Laboratories: The drug major announced the re-launch of over-the-counter (OTC) Naproxen Sodium Tablets USP, 220 mg, the store-brand equivalent of Aleve, in the US market, as approved by the US Food and Drug Administration (USFDA).

Adani Enterprises: The flagship company of Adani Group reported a consolidated profit of Rs 265.60 crore for the quarter ended on June 30, 2021 on the back of higher revenue from operations. The company had posted a consolidated loss of Rs 65.67 crore in the year-ago period.

Industries: The food major said it will gradually undertake price hike of its products to offset a sharp rise in cost, amid uncertainty arising out of the COVID-19 pandemic. The company, which is being cautiously optimistic, has infused Rs 130 crore in capacity building in the current fiscal.

Sterlite Technologies: The Vedanta Groups technology arm announced a collaboration with Facebook Connectivity to design and develop 4G and 5G radio products as part of Evenstar programme to help accelerate commercial deployment of ‘Open RAN’ and boost 5G readiness for operators.

Bank: The state-owned lender said it expects a recovery of Rs 14,000 crore from bad loans during the three quarters and earn a profit of Rs 4,000-6,000 crore in 2021-22 aided by rationalisation of expenses along with robust recovery.

Ashoka Buildcon: ABL Indira Projects — a joint venture between Ashoka Buildcon Ltd and city-based Indira Projects and Developments, on Tuesday said it recently signed an engineering, procurement and construction contract worth Rs 350 crore with the Maldives Police Service.

Indian Overseas Bank: The state-owned reported a 170 per cent jump in its standalone profit after tax of Rs 327 crore for the June 2021 quarter, helped by better recoveries. In the year-ago quarter, the lender’s standalone profit after tax stood at Rs 121 crore.

India: The state-owned company reported a 112.52 per cent decline in consolidated net profit to Rs 158.51 crore for the first quarter of the current fiscal. The company had clocked a consolidated net profit of Rs 336.87 crore in the corresponding period a year earlier.

Linde India: The industrial and medical oxygen major said it will acquire the packaged gases business of HPS Gases. The company has signed a business transfer agreement with HPS Gases to takeover the entire packaged gases vertical along with certain distribution assets for an aggregate cash consideration of Rs 27.5 crore.

Bank of India: The state-owned lender reported a 15 per cent drop in its net profit to Rs 720 crore for the quarter ended June 2021, due to lower net interest income and higher provisioning for bad loans.

Kalpataru Power Transmission: The power company reported a nearly three-fold jump in consolidated net profit to Rs 78 crore for the June quarter, mainly on the back of higher revenues. The company’s consolidated net profit stood at Rs 28 crore in the quarter ended June 30, 2020.

Barbeque Nation: The specialty restaurant company reported a consolidated net loss of Rs 43.85 crore for the first quarter ended June 30. The company had posted a Rs 60.45 crore loss in the corresponding period a year ago.

IIFL Wealth Management: The company clocked a consolidated PAT of Rs 119 crore for the June 2021 quarter, up 16 per cent QoQ, and 42 per cent YoY. It is the highest quarterly profit in its history.

GR Infraprojects:
The recently listed company has received Letter of Acceptance (LoA) for the construction of elevated structures (Viaduct & stations) from Gottigere to Swagath Road Cross of Bangalore Metro Rail Project, Phase- 2 worth Rs 364.87 crore.

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