Nifty futures on the Singapore Exchange were trading 39.50 points, or 0.36 per cent, higher at 10,936.50, indicating a positive start for Dalal Street. Here are a few stocks which may buzz the most in today’s trade:
YES Bank: The private bank said it has raised Rs 1,930.46 crore through qualified institutional placement (QIP) to fund its business expansion. The QIP opened on August 9 and closed on Wednesday, the bank said in a regulatory filing.
Indiabulls Housing: Global rating agency Moody’s downgraded Indiabulls Housing Finance (IBH) long- term corporate family rating to Ba2 from Ba1, while changing its outlook to negative from stable.
Reliance Capital: The Anil Ambani-led company has reported an over four-fold jump in its consolidated net profit at Rs 1,218 core for the first quarter of the ongoing fiscal, driven by higher income.
IDBI Bank: Life Insurance of Corporation of India (LIC)-owned
Bank net losses widen to Rs 3,801 crore in the quarter ended June on higher provision for NPAs.
Grasim Industries: The Aditya Birla Group firm reported an increase of 27.64 per cent in its consolidated net profit to Rs 1,786.37 crore for the June quarter, driven by performance of its subsidiaries, UltraTech Cement and Aditya Birla Capital.
Brigade Enterprise: Shareholders of the company approved bonus issue at 1:2. August 29 is fixed as record date, the company told stock exchanges.
Cox & Kings: The tours and travel services firm said it has defaulted on commercial papers worth Rs 149 crore.
SJVN: The state-owned firm said it has bagged two hydro power units — 138-MW Bardang and 210-MW Purthi projects — from the Himachal Pradesh government.
Coal India: State-owned CIL’s 54 coal mining projects are facing delay due to various reasons such as contractual issues and delay in green clearances among others, the world’s largest coal miner said.
ONGC: Energy major Oil and Natural Gas Corp (ONGC) is investing around Rs 83,000 crore in 25 major projects to boost oil and gas production, which has stagnated over last years, its chairman and managing director Shashi Shanker said on Thursday.
GMR Infrastructure: The company reported Rs 334.85 crore loss on consolidated basis for the quarter ended June 30, as against Rs 237.63 crore loss during the same quarter last fiscal, the company said in a filing with the bourses on Wednesday.
IDFC: The infrastructure lender reported a tenfold decline in consolidated net profit to Rs 5.18 crore for the first quarter ended June.
HDFC Life: Standard Life, the foreign partner in HDFC Life Insurance Company Ltd, on Wednesday sold 3.3 per cent stake in the insurer for Rs 3,220 crore.
Tata Motors: Crisil downgraded the rating of Tata Motors by a notch to ‘AA-‘ on weakening of outlook on the business risk profile of Jaguar Land Rover (JLR).