HDFC Life Insurance, NALCO, IRCTC and other stocks to watch out for on June 29
Jun 29, 2021
Credit: BCCL
HDFC Life Insurance
Standard Life to sell 3.46 percent stake for $640 million (approx. ₹4,600 crore) via a block deal, at a price of ₹658-678 per share. This is at a discount of 2.6-5.5 percent to Monday’s closing price of ₹696.
Credit: HDFC Life Insurance
NALCO
It bounced back to profit in the March 2021 quarter, reporting a net profit of ₹936 crore against a loss of ₹101 crore a year ago. Its revenue surged by 40 percent to ₹2,874 crore, year-on-year.
Credit: NALCO
IRCTC
The Indian Railways’ catering and tourism company will declare its March 2021 quarter results today.
Credit: IRCTC
Earnings today
IRCTC, Finolex Cables, GOCL Corporation, Gallantt Ispat, Hindustan Oil Exploration, Housing & Urban Development Corporation, Indian Railway Finance Corporation, Ruchi Soya, Rossell India, Gujarat Mineral Development Corporation, Fermenta Biotech, DCM Shriram Industries.
Credit: Pixabay
Graphite India
It reported a profit of ₹64 crore in the March 2021 quarter against a loss of 7 crore a year ago. Revenue declined marginally to ₹621 crore from ₹625 crore, year-on-year.
Credit: Graphite India
Piramal Enterprises
Raised ₹365 crore via non-convertible debentures worth ₹10 lakh each, on a private placement basis.
Credit: Piramal Enterprises
RITES
Has bagged an order worth ₹45 crore from Metro Express, Mauritius, to provide consultancy services.
Credit: RITES
Future Lifestyle Fashions
It reported a net loss of ₹149 crore in the March 2021 quarter against a loss of ₹149 crore a year ago. Revenue declined to ₹832 crore from ₹1,443 crore, year-on-year.
Credit: Future Lifestyle Fashions
Punjab & Sind Bank
It will seek shareholders’ approval to set off accumulated losses of ₹3,577 crore from its securities premium account.
Credit: Punjab & Sind Bank
Godrej Consumer Products
ICRA upgraded its long-term rating to AAA (Stable) from AA Plus (Stable).
Credit: Godrej Consumer Products