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    Stocks in the news: Maruti Suzuki, Aptech, Wockhardt, HDFC, DHFL and Infibeam

    Synopsis

    TeamLease Services, Mastek and Tata Coffee are some of the companies which will report Q3 results today.

    stocks-shutter
    Coal India’s foreign acquisitions plan has hit a roadblock with all top merchant bankers refusing to offer consultancy services.
    NEW DELHI: Nifty futures on the Singapore Exchange traded 18 points, or 0.15 per cent, lower at 12,098, indicating a negative for Dalal Street. Here are a few stocks which may buzz the most in today’s trade:

    Maruti Suzuki: The country's largest car maker Maruti Suzuki India said it has increased prices of select models by up to Rs 10,000 with immediate effect to offset the impact of rising input costs.

    Mastek, Infibeam: Maruti Suzuki, Mastek, Tata Coffee, Ramco Systems, JK Lakshmi Cement, Infibeam Avenues, TeamLease Services, Central Bank of India and Wonderla Holidays are some of the companies which will report their December quarter earnings today.

    Aptech: Billionaire investor Rakesh Jhunjhunwala is being probed by Sebi for alleged insider trading in the shares of Aptech Ltd, an education firm owned by him and family, said two people familiar with the development.

    Cipla, Wockhardt: Cipla and Asian buyout fund PAG are vying with each other to acquire a big chunk of Wockhardt’s domestic formulations business for ₹2,100-2,800 crore ($300-400 million) as the indebted pharmaceutical company looks to deleverage its balance sheet, said people aware of the matter.

    HDFC: The largest pureplay mortgage lender HDFC reported a near four-fold growth in net profit at Rs 8,372.5 crore for the three months to December as against Rs 2,113.8 crore in the same period last fiscal year.

    DHFL: The Enforcement Directorate on Monday arrested DHFL promoter Kapil Wadhawan terming him an ‘active conspirator’ in the money laundering and terror financing case against Iqbal Mirchi.

    Cox & Kings: Suspecting fraud, lenders to Cox & Kings, the tour and travel company that defaulted on loan payments, have initiated a forensic investigation into the matter and the role, if any, of senior executives and the Indian promoters.

    Coal India: Coal India’s foreign acquisitions plan has hit a roadblock with all top merchant bankers refusing to offer consultancy or carry out due-diligence of assets shortlisted by the firm.

    BoB: State-owned Bank of Baroda, which saw slippages soaring over Rs 10,000 crore in December quarter, is expecting the same to taper down from the next quarter, its newly-appointed managing director and chief executive Sanjiv Chadha said on Monday.

    NTPC: State-owned power giant NTPC said its board has given in-principal approval to acquire government's 100 per cent stake in North Eastern Electric Power Corporation Ltd(NEEPCO) and 74.5 per cent stake in THDC India.

    United Spirits: Liquor major United Spirits reported an increase of 15.19 per cent in consolidated net profit at Rs 232 crore for the third quarter ended December 31, 2019.

    PTC India Financial Services: The company has reported 3.2 per cent increase in its consolidated net profit to Rs 43.06 crore in the third quarter ended December 31.

    TCI Express: The logistics provider reported a 36.4 per cent surge in its profit after tax at Rs 26 crore for the quarter ended December 31, 2019.

    JK Paper: The company reported 18 per cent increase in consolidated net profit at Rs 131.85 crore in the third quarter ended December 31, 2019, on the back of lower input costs and high operating efficiencies.

    Dr Reddy’s Laboratories: The company has incurred a net loss of Rs 570 crore in December quarter owing to Rs 1,320 crore of intangibles impairment charges suffered on a few products including generic hormonal birth control drug Nuvaring.





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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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