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    Stocks in the news: Adani Power, Dish TV, YES Bank, HCL Tech and IDBI Bank

    Synopsis

    V-Guard Industries and Orient Electric re slated to announce their March quarter results today.

    stockETRealty
    YES Bank said it has acquired over 24 per cent stake in Dish TV India following invocation of pledged shares.
    Nifty futures on the Singapore Exchange traded 165.50 points, or 1.75 per cent higher at 9,647.25 in signs that Dalal Street was headed for a strong start on Monday. Here are a few stocks which may buzz the most in today's trade:

    Adani Power: The board of Adani Power will consider a proposal to delist its entire equity shares from the BSE and NSE in its meeting scheduled on Wednesday.

    Dish TV: YES Bank said it has acquired over 24 per cent stake in Dish TV India following invocation of pledged shares due to debt default by the DTH service provider and other group firms.

    YES Bank: The private lender on Saturday said there will be reclassification of shareholding as the Madhu Kapur group has consented to be categorised as public stake holders.

    Infosys: IT services major Infosys has said its profitability may be "marginally impacted" and its cash flows negatively affected amid COVID-19 pandemic.

    IDBI Bank: Listing of Life Insurance Corporation (LIC) and sale of government's stake in IDBI Bank may be delayed beyond March 2021, due to depressed valuation amid COVID-19 pandemic.

    SAIL: Shipping Corporation of India (SCI) on Saturday reported 83 per cent jump in its consolidated profit to Rs 111 crore for the fourth quarter ended March 31. The state-owned company had clocked a consolidated profit of Rs 60.68 crore in the year-ago quarter.

    Kotak Mahindra Bank: Private sector lender Kotak Mahindra Bank (KMB) has raised Rs 7,442.5 crore through a qualified institutional placement (QIP) of shares. The bank on Saturday issued 6.5 crore shares at a price of Rs 1,145 per share to the buyers.

    Results today: V-Guard Industries, Orient Electric, Acewin Agriteck, Birla Cable, Ultramarine and Pigments are slated to announce their March quarter results today.

    Metropolis Healthcare: Diagnostic services provider Metropolis Healthcare on Friday reported a 55.53 per cent decline in consolidated net profit to Rs 15.49 crore for the quarter ended March 31, 2020. It had posted a net profit of Rs 34.84 crore for the corresponding period of the previous fiscal, Metropolis Healthcare said in a BSE filing.

    V-Mart: Value fashion and lifestyle products retailer V-Mart Retail on Friday reported narrowing of its standalone net loss to Rs 8.43 crore in the quarter ended March 2020. It had posted a net loss of Rs 90.42 crore in the January-March quarter of last fiscal.

    RCF: State-owned Rashtriya Chemicals & Fertilisers Ltd (RCF) on Friday reported nearly a three-fold jump in its consolidated net profit at Rs 142.38 crore for the quarter ended March. Its net profit stood at Rs 47.16 crore in the year-ago period, the company said in a regulatory filing.

    Voltas: The Tata Group company on Friday reported a 12.52 per cent increase in its consolidated net profit at Rs 159.50 crore in the March 2020 quarter. Its consolidated net profit was Rs 141.74 crore in the January-March quarter of the last fiscal.

    HCL Technologies: The IT major announced its intent to acquire Cisco's Self-Optimising Network (SON) technology for about $50 million ( around Rs 377.93 crore). The target entity is an asset carve-out of the product and services business that comprises the Self-Optimising Network (SON) from Cisco Systems Inc, HCL said in a regulatory filing.

    NHPC: State-run hydro power giant NHPC is mulling setting up three hydro power projects with a total capacity of 155 MW and a 50 MW solar energy project in the Union Territory of Ladakh. NHPC would also explore the possibility of blending hydro power with solar energy in view of high solar irradiance in the region. In another development, the company said that it would suffer electricity generation loss of Rs 119.43 crore due to delay in restoration work at its three plants during the lockdown to fight Covid-19.

    Sagar Cements: The company reported 94 per cent decline in consolidated net profit at Rs 1.18 crore for the fourth quarter ended March 31, 2020 due to Covid-19 related disturbances in the market. The Hyderabad-based company had posted a net profit of Rs 18.75 crore in January-March, 2018-19.

    Jubilant Life Sciences: The drug firm reported a consolidated net profit of Rs 260.49 crore for the quarter ended on March 31, 2020, driven by robust sales in pharmaceuticals segment. The company had posted a net loss of Rs 100.65 crore for the corresponding period of the previous fiscal.

    KEC International: The company on Friday reported about 3 per cent decline in consolidated net profit at Rs 192.88 crore for the quarter ended March 31. The global engineering, procurement and construction (EPC) major had clocked a profit of Rs 198.76 crore in January-March 2018-19.




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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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