HERE ARE THE STOCKS IN FOCUS TODAY 11-01-2021
TCS: The company reported a 7.2 percent rise in profit at Rs 8,701 crore against Rs 8,118 crore, revenue rose 4.7 percent to Rs 42,015 crore from Rs 40,135 crore QoQ.
Bharti Airtel: Company announced the appointment of Pradipt Kapoor as its Chief Information Officer (CIO).
Avenue Supermarts: Company reported a rise of 16.4 percent in its consolidated net profit at Rs 446.95 crore in Q3FY21 as against Rs 384.01 crore, YoY. Revenue from operations increased 10.77 percent to Rs 7,542 crore from Rs 6,808.93 crore, YoY.
Union Bank of India: Bank has reduced Marginal Cost of Funds- based Lending rate (MCLR) by 15 basis points and 5 basis points in the overnight and 1 Month tenor, respectively.
Tata Steel: India’s business production in Q3 increased 0.2 percent QoQ and 2.9 percent YoY to 4.6 mt, but deliveries fell 7.7 percent QoQ and down 3.9 percent YoY to 4.66 mt.
HDFC Bank: ICICI Prudential Life had held a 1.23 percent stake in the company in the September quarter, but its name did not appear in December quarter shareholding. This indicates that the insurer’s stake in the bank has gone below 1 percent
PVR: Foreign portfolio investors raised their stake in the company to 38.5 percent in the December quarter from 34.6 percent in the September quarter.
Aro Granite Industries: Digvijay Shivshangbhai Chavda and Jamshang Abheshangbhai Chavda each bought 80,000 shares in the company at Rs 57.6 per share on the NSE.
JMT Auto: LTS Investment Fund sold 25.20 lakh equity shares in the company at Rs 3.85 per share on the NSE.
Ujaas Energy: Alpha Leon Enterprises LLP bought 13,51,280 equity shares in the company at Rs 3.85 per share on the NSE.
RattanIndia Power: The company will issue 1,96,500 NCDs, at an issue price of Rs 1,00,000 per NCD to Aditya Birla ARC.
Dhampur Sugar Mills: India Ratings assigned the company a Long-Term Issuer Rating of ‘A+’. The outlook is stable.
Cipla: Company is recalling over 5.8 lakh packets of gastric ulcer treatment drug from the US market.
SAIL: Company’s crude steel output in Q3FY21 rose 9 percent to 4.37 million tonnes (MT) from 4 MT, YoY. Its total sales were up about 6 percent at 4.32 MT from 4.09 MT, YoY.
Vedanta promoters make an open offer for up to 37.2 crore shares at Rs 160 per share.
Bodal Chemicals: NCLT approved the Scheme of Amalgamation of subsidiary Trion Chemicals with itself.
ITI: ICRA assigned the company a long-term credit rating of BBB- and the outlook is stable.
Narayana Hrudayalaya: The company discontinued its operations of the Heart Centre in Durgapur, West Bengal.
Manugraph India: Amit Jain resigned as Chief Financial Officer of the company.
Mishra Dhatu Nigam: HDFC AMC increased stake in the company to 9.13 percent from 7.10 percent earlier, via open market transaction.
Prestige Estates Projects, DB Realty: DB Realty acquired a 49 percent equity stake and Prestige Estates Projects 50 percent stake in Pandora Projects.
Sharda Cropchem: Abhinav Agarwal resigned as CFO of the company.
JBF Industries: Blue Diamond Properties reduced its stake in the company to 4.08 percent from 5.01 percent earlier.
Olectra Greentech: Gyanmay Investment Advisors LLP cut stake in the company to 8.76 percent from 9.02 percent earlier.
Rane Engine Valve: The company sold vacant land admeasuring 9.9 acres (approximately) Malkajgiri district, Telangana, for Rs 24.34 crore.
Jubilant Foodworks: ICICI Prudential Life Insurance Company and Tata Mutual Fund names did not appear in December quarter shareholding, which had held 1.64 percent and 1.17 percent stake, respectively, in the company in the September quarter. This indicates that the shareholding of the insurer in both the companies has gone below a percent each.
Mahindra Lifespace Developers: Mitsubishi UFJ Financial Group sold an indirect interest in the company on account of the sale of First Sentier Investors (Singapore) and First State Investments (Singapore) which directly holds shares in Mahindra Lifespace.
Hindustan Tin Works: ICRA reaffirmed the long term rating at BBB+ and short term rating at A2. The outlook on the long-term rating has been revised to Stable from Negative.
Were The Stocks In Focus Today 11-01-2021
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