Stocks in the news: SpiceJet\, HCL Tech\, Bajaj Finance and Asian Paints
NEW DELHI: Domestic equity market looked poised for a negative start on Tuesday. Nifty futures on the Singapore Exchange were trading 58.50 points, or 0.57 per cent, lower at 10,193.50, indicating a gap-down start for the Nifty50.
Here is a look at the key stocks trending in news this morning.
HCL Technologies, Bajaj Finance: Adani Ports, Ambuja Cements, Bajaj Finance, ICICI Prudential Life, HDFC Life, MCX, HCL Technologies, Bajaj Finance, RBL Bank and TVS Motor are among a handful companies, which will announce their quarterly results later in the day.
Lakshmi Vilas Bank: Five financial investors, including the Blackstone Group, Bain Capital and TPG Capital Management, have been shortlisted to buy a controlling stake in South India-based Lakshmi Vilas Bank in a sign of continued private equity interest in the country’s financial services space.
SBI: The country's largest bank SBI said Monday it seeks to raise up to Rs 25,000 crore during the current financial year, including up to Rs 5,000 crore through bonds to meet capital adequacy norms.
SpiceJet: Ratings agency Crisil has downgraded its ratings on the bank facilities of low fare carrier SpiceJet citing mounting pressures on cost structure and a limited ability to pass it on consumers due to cuthroat price wars.
Asian Paints: The company posted on Monday a 14.4 per cent fall in second quarter profit, which missed analysts' estimates, hurt by higher expenses. Net profit fell to Rs 493 crore ($67.02 million) in September quarter from Rs 576 crore a year earlier, the company said in a statement.
PNB Housing Finance: The housing finance company said it has raised Rs 1,775 crore by issuing commercial papers (CPs) to mutual funds and banks during this month.
Hindustan Zinc: The company reported a 30 per cent drop in profit for September quarter to Rs 1,815 crore against Rs 2,584 crore in the year-ago period on lower metal prices. The company also posted a 10 per cent decline in revenue from operations to Rs 4,777 crore over the same period last year, on reduced volumes of zinc.
Oberoi Realty: Realty developer Oberoi Realty has reported nearly 105% on-year rise in consolidated net profit at Rs 213.83 for the quarter ended September. Total income for the quarter also grew 101% to Rs 619.78 crore, the company said in its regulatory filing.
Muthoot Capital Services: The NBFC recorded 94.2 per cent rise in profit in the second quarter ended September 30 over last year to Rs 20.13 crore from Rs 10.37 crore. The total income for the quarter touched Rs 132.03 crore against Rs 94.65 crore a year ago, a growth of 39.5 per cent.
Veeram Infra Engineering : From Tuesday, shares of Veeram Infra Engineering are listed and admitted to dealings on the Exchange in the list of 'MT' Group Securities.
