Infosys: Company reported a 14.4 percent QoQ growth in Q2FY21 profit at Rs 4,845 crore, a 3.8 percent rise in revenue at Rs 24,570 crore. The company raised FY21 revenue and margin guidance.

Transport Corporation of India: HDFC Mutual Fund A/C HDFC Small Cap Fund bought 9,80,000 equity shares in the company at Rs 228 per share. However, Canara Robeco Mutual Fund A/C Canara Robeco Emerging Equity sold 9,91,685 shares at the same price on the NSE.

Likhitha Infrastructure: Company to list shares on bourses on October 15.

Den Networks: Company reported consolidated profit at Rs 36.7 crore in Q2FY21 against Rs 9.5 crore YoY, revenue increased to Rs 337.7 crore from Rs 332.4 crore YoY.

Tata Elxsi: Company reported higher profit at Rs 78.9 crore in Q2FY21 compared to Rs 49.8 crore YoY, revenue rose to Rs 430.2 crore from Rs 385.8 crore YoY.

JTL Infra: Company reported profit at Rs 2.87 crore in Q2FY21 against Rs 2.19 crore, revenue increased to Rs 79.88 crore from Rs 45 crore YoY.

Jubilant FoodWorks: FPIs raised stake in the company to 37.86 percent in the September quarter, from 36.19 percent in the June quarter.

Grauer & Weil India: CARE reaffirmed credit rating on the company’s long-term bank facilities at AA- with a stable outlook.

Goa Carbon: Company reported loss at Rs 5.03 crore in Q2FY21 against loss at Rs 13.7 crore, revenue fell to Rs 87.98 crore from Rs 101.48 crore YoY.

Sunedison Infrastructure: Promoter entity Avyan Pashupathy Capital Advisors proposed to sell 5,31,811 equity shares (representing 11.84 percent of equity capital) via offer for sale on October 15-16. The floor price of the sale is fixed at Rs 22 per share. 

Dalmia Bharat: Jayesh Nagindas Doshi resigned from the position of Whole Time Director and Chief Financial Officer of the company.

Avanti Feeds: Andhra Pradesh Industrial Development Corporation (APIDC) has withdrawn its Nominee Director Dr. Rajat Bhargava, from the Board of the company.

HFCL: Promoter entity MN Ventures acquired a further 20 lakh equity shares in the company.

Tata Steel BSL: Company reported profit at Rs 341.7 crore in Q2FY21 against loss of Rs 244 crore YoY, revenue increased to Rs 5,519.4 crore from Rs 4,554.6 crore YoY.

Subex: BSE to remove Subex from Smallcap, MidSmallcap, Information Technology, and AllCap indices from October 22.

Polyplex Corporation: The share buyback offer will close on October 15 as per the schedule available on the BSE.

Reliance Industries: Reliance Retail receives a subscription amount of Rs 5,550 crore from KKR.

United Spirits: The company has entered into a definitive agreement to sell its entire shareholding in Tern Distilleries for Rs 30 crore.

Punjab National Bank: India Ratings and Research have upgraded the bank’s long-term issuer ratings to ‘IND AAA’ from ‘IND AA+’ while resolving the rating watch evolving. The outlook is ‘Stable’.

Thomas Cook (India): CRISIL has downgraded its ratings on the long-term bank facilities of the company to CRISIL A+ from CRISIL AA-with outlook remaining negative.

NMDC: The government has approved demerger of the under-construction Nagarnar steel plant from NMDC and its strategic divestment by selling the entire government stake.

Indiabulls Housing Finance: The National Housing Bank has levied a penalty of Rs 3.5 lakh on the company for non-disclosure of related party transactions.

Were The Stocks In Focus Today 15-10-2020

Source: Moneycontrol

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