Indian benchmark indices are likely to open flat on Tuesday amid weakness in Asian peers. cncbctv18.com reported that at 7:00 am, the SGX Nifty was trading up 3.50 points or 0.02 per cent at 15,877.50, indicating a flat start for the broader index in India.
Top stocks to watch for the day:
RITES Limited: Rail India Technical and Economic Service (RITES) Limited has secured additional work on Consultancy Service (PMC) from Metro Express Limited, Mauritius. The work includes the extension of the mainline from Rose Hill to Reduit via Abbey for an additional fee of MUR 250 million (approximately Rs 45 crore).
HDFC Life Insurance Company: Standard Life will sell 3.46 per cent stake in the company at a price band of Rs 658-678 per share.
Punjab and Sind Bank: The state-owned bank will seek shareholders’ approval next month to recover accumulated losses of over Rs 3,577 crore from its share premium account.
Aditya Birla Capital: Capital markets regulator SEBI has placed (temporarily put to use or suspension) the proposed initial share-sale of Aditya Birla Sun Life AMC.
NALCO: The company posted a standalone profit of Rs 935.64 crore as against Rs 102.76 crore in the same quarter a year ago. Revenue rose to Rs 2,821.48 crore as against Rs 1,935.86 crore year-on-year.
Zee Media Corporation: The company’s Q4FY21 net profit fell 5.75 per cent to Rs 10.50 crore from Rs 11.14 crore in the same period last year. Revenue grew 32.41 per cent to Rs 182.93 crore from Rs 138.15 crore annually.
Future Lifestyle Fashion: The company reported a consolidated net loss of Rs 149 crore in Q4FY21 as compared to a net loss of Rs 148.65 crore in the corresponding period of last year. Revenue declined 42.4 per cent to Rs 831.62 crore from Rs 1,442.96 crore.
Thomas Cook (India): Company’s subsidiary DEI (Digiphoto Entertainment Imaging) has signed a multi-year MoU with Shanghai Disney Resort.
Ramco Systems: The company announced that it will provide its next-gen Enterprise Resource Planning (ERP) software at its Aden Container Terminal (ACT) to Aden Ports Development Company (APDC).
Godrej Consumer Products: Indian independent credit rating agency ICRA upgraded the company’s long-term rating from AA+ (stable) to AAA (stable) while confirming its short-term rating of A1+.
IFCI: The state-owned company’s Q4FY21 consolidated net loss widened to Rs 848.97 crore from Rs 584.19 crore, while total income fell to Rs 15.76 crore from Rs 858.99 crore, YoY.
Earnings: Cochin Minerals & Rutile, DCM, IRCTC, Omaxe, Ruchi Soya, Syntex Industries and Suzlon Energy among others will announce their March quarter earnings on June 29.
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