Glenmark Pharma, Inox Leisure, Tata Power and other stocks to watch out for on June 9

Jun 9, 2021

By: Rounak Jain

SBI Life Insurance

Shares of the state-owned insurance provider gained over 2 percent in the first half of the day, surging beyond the ₹1,000 share price.

Credit: SBI-Life-Insurance

Videocon Industries

Shares of the beleaguered conglomerate shot up by 5 percent after the National Company Law Tribunal cleared Vedanta Group company Twin Star’s bid.

Credit: Videocon-Industries

Tata Power

It has entered Odisha as a power supplier after its acquisition of 51 percent stake in state-owned utilities was approved by the Competition Commission of India.

Credit: Tata-Power

Glenmark Pharmaceuticals

It said that interim data from a study commissioned in 2020 has shown its COVID-19 drug Favipiravir (FabiFlu) to be safe and effective in mild to moderate COVID-19 patients.

Credit: Glenmark

Inox Leisure

The multiplex chain has launched a qualified institutional placement worth ₹300 crore, a few days after several states have started considering unlocking.

Credit: BCCL

Earnings today

Bajaj Healthcare, Bata India, Dhanvarsha Finvest, Digispice Technologies, Gail India, Indian Metals & Ferro Alloys, Indraprastha Medical Corporation, Star Cement, TeamLease Services.

Credit: Pixabay

Tata Motors

It has incorporated a wholly-owned subsidiary, TML CV Mobility Solutions, which will undertake sale and repair of electric vehicles, fuel cell buses and commercial vehicles.

Credit: BCCL

Adani Enterprises

It has incorporated a wholly-owned subsidiary, Mundra Windtech, which will manufacture wind turbine generators.

Credit: Adani-Enterprises

Max Financial Services

It reported a 10-fold jump in net profit in the March 2021 quarter to ₹70 crore, while revenue more than doubled to ₹9,760 crore, year-on-year.

Credit: Max-Financial-Services

Religare Enterprises

It will raise ₹570 crore from select investors to fund the growth of its subsidiaries in the financing, insurance and financial services sectors.

Credit: Religare-Enterprises

Galaxy Surfactants

Its March 2021 quarter net profit rose to ₹79 crore from ₹63 crore a year ago, while revenue increased to ₹784 crore from ₹657 crore, year-on-year.

Credit: Galaxy-Surfactants

Prestige Estates Projects

Its March 2021 quarter net profit jumped by nearly 87 times to ₹1,336 crore from ₹15 crore, primarily due to the sale of a large commercial assets block.

Credit: Prestige-Estates-Projects

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