HDFC Bank share price: Stock in the news: HDFC Bank, Dr Reddy’s Labs, Britannia, ACC and HDFC Life


NEW DELHI: Nifty futures on the Singapore Exchange traded 66.5 points, or 0.56 per cent higher at 11,838.50, in signs that Dalal Street was headed for a positive start on Monday. Here are a few stocks which may buzz the most in today’s trade:

Earnings Today: HDFC Life Insurance Company, Britannia Industries, ACC, L&T Technologies, Bank of Maharashtra, Rallis India and CSB Bank are slated to announce their financial results for the September quarter on Monday.

DLF: Realty major DLF’s rental arm DCCDL has raised Rs 2,400 crore debt from India’s largest lender SBI to refinance its existing debt and fund future expansion plans, a senior company official said.

HDFC Bank: HDFC Bank reported a 16 per cent rise in its consolidated net profit to Rs 7,703 crore for the second quarter ended on September 30, 2020. Total consolidated income during the quarter under review rose to Rs 38,438.47 crore from Rs 36,130.96 crore in July-September 2019, the bank said in a release.

Shoppers Stop: Retailing firm Shoppers Stop announced the appointment of Trent’s Venugopal G Nair as its Managing Director & Chief Executive Officer. Nair, whose appointment is effective from November 6, 2020, would take over the role from Rajiv Suri who had resigned earlier.

Dr Reddy’s Laboratories: The pharma major said it along with Russian Direct Investment Fund (RDIF) has received approval from the Drug Control General of India (DCGI) to conduct phase 2/3 human clinical trials for COVID-19 vaccine Sputnik V in India.

Cadila Heakthcare: Drug firm Zydus Cadila said it has received approval from the US health regulator to market Ursodiol capsules, used to treat primary biliary cirrhosis, in America.

Federal Bank: Setting aside money for potential loan losses in the pandemic resulted in South-based Federal Bank on Friday reporting a 26 per cent decline in its September quarter net profit at Rs 307.62 crore.

Kotak Mahindra Bank: Private sector lender Kotak Mahindra Bank on Friday reduced its interest rate on home loans to 7 per cent, at par with market leader SBI’s offering.

Tata Communications: Tata Communications on Friday posted an around seven-fold jump in consolidated net profit at Rs 384.81 crore for the September quarter.

Bajaj Consumer: Fast-moving consumer goods firm Bajaj Consumer Care Ltd on Friday reported a 1.60 per cent increase in its consolidated profit to Rs 56.92 crore for the quarter ending September.

Inox Leisure, PVR: Multiplex operators expect up to 25 per cent rise in their operating costs on account of the mandatory standard operating procedures as they reopen after being shut since the outbreak of coronavirus pandemic.





Source link

Leave a Comment

© 2020 Daily Dose of Market and Beyond News