Stocks in the news: Cipla, Lupin, Jubilant FoodWorks, Graphite India, Venky's and Adani Green

NEW DELHI: Nifty futures on the Singapore Exchange were trading 44.50 points, or 0.41 per cent, higher at 11,004.50, indicating a firm start for the Nifty50. Here are a few stocks which may buzz the most in today’s sessions.

Cipla, Lupin: JSW Steel, Graphite India, Allahabad Bank, Cipla, Lupin, IGL, Siemens, PTC India, Venkys, Zydus Wellness, Jindal Stainless, Balkrishna Industries CG Power, Future Consumer and Punj Lloyd are among companies set to announce their December quarter results on Tuesday.

Jubilant FoodWorks, Jubilant Life Sciences: The two companies promoted by the diversified Jubilant Bhartia Group, withdrew their decisions to pay royalty to the Bhartia family effective FY20, a move that a lot of analysts had questioned.

Adani Green Energy: The company said its arm Mahoba Solar (UP) Private Ltd has bagged a 390 MWac capacity hybrid renewable energy project. The Solar Energy Corporation of India had floated the tender for the project.

IDFC First Bank: Private sector lender IDFC First Bank Tuesday reported a net loss of Rs 1,538 crore during the December 2018 quarter, due to one-time exceptional charge to its profit and loss account (P&L) for amalgamating Capital First with itself.

NTPC: Power producer NTPC has agreed not to regulate electricity supply to Telangana, Andhra Pradesh and Karnataka over pending dues after assurance by distribution companies to clear the arrears soon, sources said. The state-run entity on January 30 had issued notices to various discoms in the three states for not clearing bills of more than Rs 4,200 crore pending for over 60 days.

Bank of Baroda: Ahead of the monetary policy review, state-owned Bank of Baroda (BoB) Tuesday increased its lending rates by up to 0.2 per cent, a move that will make home, auto and other loans expensive.

Reliance Infra: Reliance Infrastructure Tuesday reported a 7.92 per cent rise in consolidated net profit to Rs 325.26 crore for the December 2018 quarter. It had reported a net profit of Rs 301.38 crore during the corresponding period of the previous fiscal.

Reliance Industries: Chairman Mukesh Ambani Tuesday met Saudi Aramco CEO Amin Nasser, Saudi Arabia's national oil company said. RIL plans to expand its only-for-exports SEZ refining capacity to just over 41 million tonnes from current 35.2 million tonnes but does not have any plans to set up a new refinery in the country.

Inox Leisure: Multiplex operator Inox Leisure Tuesday reported over twofold jump in consolidated net profit to Rs 36.46 crore in the December 2018 quarter.

DLF: Realty major DLF Tuesday reported a 92 per cent drop in its consolidated net profit at Rs 335.15 crore for the third quarter of this fiscal, as it had posted an exceptional profit in the year-ago period from stake sale in rental arm to GIC. Its net profit stood at Rs 4,091.27 crore in the year-ago period, the company said in a regulatory filing.

Usha Martin: The company said its consolidated net loss narrowed to Rs 35.46 crore in the October-December quarter of 2018-19 from Rs 111.07 crore in the year-ago quarter. Total income during the quarter under review grew to Rs 630.88 crore from Rs 509.85 crore during the October-December quarter of 2017-18, Usha Martin said in a BSE filing.

HCL Infosystems: IT company HCL Infosystems' net loss narrowed to Rs 29.71 crore in the quarter ended on December 31, 2018, against that of Rs 62 crore in the same period a year ago, a regulatory filing said.

United Bank: The net loss of United Bank of India touched Rs 1,139 crore during the third quarter of current fiscal. The bank said the loss was due to higher provisioning.

Bharti Airtel: Moody's Investors Services lowered Bharti Airtel’s senior unsecured rating to junk on worries about weak cash flows for several quarters ahead. Bharti was cut to Ba1 from Baa3, the lowest in the investment grade, possibly increasing the cost of borrowing, especially overseas, by around 30-50 basis points, analysts said.

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