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    Stocks in the news: Asian Paints, Dr Reddy's Labs, GCPL, Lupin and UPL

    Synopsis

    Happiest Minds, Apollo Tyres, Birla Corp, Prince Pipes and Fittings, Sonata Softwares, Orient Electric, Borosil Renewables and Saregama India are among companies that will announce their March quarter results today.

    A man wearing a protective mask walks past the Bombay Stock Exchange (BSE) building in MumbaiAgencies
    DRL has inked a licensing pact with Eli Lilly and Company to produce Baricitinib in the country for treatment of COVID-19.
    Nifty futures on the Singapore Exchange traded 24.5 points, or 0.16 per cent, lower at 14,825.50 signaling that Dalal Street was headed for a negative start on Wednesday. Here are a dozen stocks which may buzz the most in today's trade:

    Adani Enterprises, SBI Card: MSCI has included five stocks namely Adani Enterprises, SBI Card, Adani Transmission, Adani Total Gas and Apollo Hospitals to its MSCI India Domestic index. It excluded Abbott India, TVS Motor and ZEE Entertainment from the list. The changes will take place as of the close of May 27.

    Asian Paints, Tata Power and UPL: Asian Paints, Pidilite Industries, Tata Power, Lupin, Jindal Steel and Power, UPL, Voltas, Vaibhav Global, Happiest Minds, Apollo Tyres, Birla Corp, Prince Pipes and Fittings, Sonata Softwares, Orient Electric, Borosil Renewables and Saregama India are among companies that will announce their March quarter results today.

    Reliance Industries: India's largest telecom operator Jio widened its mobile subscriber base to 414.9 million in February, with healthy addition of 4.2 million users, as it managed a comfortable lead in the market, according to TRAI data.

    Dr Reddy's Laboratories: The pharma major said it has inked a licensing pact with Eli Lilly and Company to produce Baricitinib in the country for treatment of COVID-19. The Hyderabad-based firm said it has entered into a royalty-free, non-exclusive voluntary licensing agreement with Eli Lilly and Company for the manufacture and commercialisation of the drug in India.

    JM Financial: The holding company said the challenges posed to the economy due to the second wave of the COVID-19 pandemic may impact its income, liquidity position as well as demand for its financial products. On account of the uncertainties around COVID-19, the financial services firm's total provisions by March 2021 stood at Rs 383 crore.

    Infosys: The Bengaluru based IT major announced it has been selected byBritvic,one of the leading branded soft drinks businesses in Europe, as a strategic partner to help deliver its transformation roadmap and operations, across applications, Cloud infrastructure, service management and end user computing.

    Siemens: The automation company posted an over 90 per cent rise in consolidated net profit at Rs 334.4 crore for the March quarter, mainly on the back of higher revenues. The consolidated net profit of the company stood at Rs 175.7 crore in the quarter ended March 31, 2020.

    Godrej Consumer Products: The FMCG major reported a 59.13 per cent increase in its consolidated net profit to Rs 365.84 crore for the fourth quarter ended March 2021. The company had posted a net profit of Rs 229.90 crore in the January-March quarter a year ago.

    Mahindra & Mahindra: Utility vehicles and farm equipment major said its sales volume for the quarter ended June 2021 is estimated to be lower by 15-20 per cent as compared to the year-ago period due to the second wave of the coronavirus pandemic.

    Kalpataru Power Transmission: The power generator reported multifold jump in consolidated net profit at Rs 187 crore for March quarter 2020-21 due to higher revenues. The net profit of the company in the year-ago period was Rs 13 crore.

    CG Power and Industrial Solutions: The Electrical equipment firm said its board has approved a proposal to allot 1.38 crore shares for Rs 101.20 crore to Standard Chartered Bank (Singapore) on a preferential basis for settlement of liability toward the latter.

    NBCC: State-owned construction company is in the race to acquire Jaypee Infratech under the insolvency resolution process, have submitted revised bids and improved their offers for financial creditors. According to sources, NBCC and Suraksha group submitted their revised bids on Monday.

    ABB Power Products and Systems India: The heavy electrical equipment said it has closed its manufacturing facility in Peenya, Benguluru, from Monday onwards in view of COVID-19 restrictions in place in Karnataka.

    Punjab National Bank and Geojit Financial Services: The brokerage firm has entered into an agreement with PSU lender to provide demat accounts through a three-in-one account to the bank's customers. Under the agreement, the bank will offer a savings account-linked Demat account and Geojit will offer the trading account. Both accounts can be opened online.



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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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