ONGC, SpiceJet, Aurobindo Pharma and other stocks to track as Sensex looks set to continue rebound

Oct 6, 2021

By: Rounak Jain

ONGC

The rally in crude oil prices continues and that may be good for the state-owned explorer, which gained nearly 11 percent on Tuesday.

Credit: ONGC

SpiceJet

The budget is likely to break-even before December, chairman Ajay Singh told Bloomberg. He also plans to expand the airline’s fleet by 30-40 passenger planes and 10-15 cargo jets.

Credit: BCCL

Bajaj Finance

Its assets under management grew nearly 22 percent to ₹1,66,900 crore in the September quarter, while deposits grew nearly 33 percent to ₹28,700 crore, year-on-year.

Credit: Unsplash

Marico

The maker of Parachute, Saffola and Livon expects modest profit growth in the quarter as edible oil profits get capped high input cost but the smaller but high-margin premium hair oil segment sees over 10 percent volume growth.

Credit: Marico

Future Retail

Terminated its Master Franchise agreement entered with the US-based convenience store chain 7-Eleven, citing inability to make the payment of franchise fee.

Credit: BCCL

Glenmark Pharma

Recalled two medications used for pain relief and muscle relaxation, according to a US FDA enforcement report cited quality control issues.

Credit: Glenmark-Pharma

Aurobindo Pharma

Recalled a medicine in the US, used in the treatment of breast cancer after a US FDA report highlighted the “lack of assurance of sterility”.

Credit: Aurobindo-Pharma

IPO Watch

Aditya Birla Sun Life AMC to debut on the stock exchanges today. Its IPO had received 5.25 times subscription.

Credit: Flickr

Godrej Consumer Products

Revealed that it expects “high single-digit” growth rate in sales in the September quarter, but stated that margins might contract due to an increase in input costs.

Credit: Godrej-Consumer-Products

Bharti Airtel

Reliance Mutual Fund acquired 2 million shares from the open market at ₹204.95 per rights share.

Credit: BCCL

Phillips Carbon Black

Closed its qualified institutional placement of equity shares and raised ₹400 crore by issuing 1.63 crore shares at ₹244 per share to 20 buyers.

Credit: Phillips-Carbon-Black

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