Top stocks to watch— Future Retail, PVR, Central Bank, ICICI Bank, SpiceJet, Indiabulls Housing Finance, Ashok Leyland and more
- At 7:40 am, the SGX Nifty was trading 1.06% higher, indicating a higher start for Nifty50.
- Here’s a list of stocks to watch for in trade today.
- Check out the latest news and updates on Business Insider.
AdvertisementIndian stock market is likely to open on positive note tracking cues from the global peers. At 7:40 am, the SGX Nifty was trading 1.06% higher, indicating a higher start for Nifty50.
The US stocks also ended higher on Monday, fueled by a rebound in big tech names. The Dow Jones Industrial Average closed 1.18% higher, and the S&P 500 rose 1.27%.
Here’s a list of stocks to watch for in trade on September 15:
Future Retail reported a net loss of ₹242.2 crore for the quarter ended June 30. The company’s overall revenue was down 88.6% to ₹ 163.2 crore compared to the same period last year.
The shares of Future Retail closed 5% lower yesterday.
ICICI Bank said the RBI had exempted it from provisions of the Banking Regulation Act 1949 relating to its investments in its insurance companies. A government notification exempts ICICI Bank from cutting stake to 30% in ICICI Lombard General Insurance and ICICI Prudential Life Insurance, for a period of three years.
The shares of ICICI Bank closed 2% lower on Monday.
Central Bank of India
The Central Bank of India has reduced its marginal cost of funds-based lending rates (MCLR) by 5 basis points (bps) across all tenors, effective from Tuesday.
The city-based lender has cut the one-year MCLR to 7.10% from 7.15%, a release said.
AdvertisementThe shares of the Central Bank of India closed flat on Monday.
PVR Limited reported a net loss of ₹225.6 crore for the quarter ended June 30. The company’s overall revenue was down 98.6% to ₹12.7 crore compared to the same period last year.
The shares of PVR Limited closed 5% higher yesterday.
Indiabulls Housing Finance
Indiabulls Housing Finance raised about ₹1,205 crore over the last few days through its qualified institutional placement (QIP) and partial stake sale in UK-based OakNorth Bank Ltd.
AdvertisementThe non-banking finance company (NBFC) has raised ₹682.87 crore through the QIP and ₹522 crore from the partial stake sale.
The shares of Indiabulls Housing Finance closed 5% higher on Monday.
Apparel maker Raymond reported a net loss of ₹247.6 crore compared to last year loss of ₹12.2 crore. The company’s consolidated revenue declined by 88.6% to ₹163.2 crore.
The shares of Raymond Limited closed 3% higher on Monday.
SAIL: Steel Authority of India
Steel Authority of India reported a net loss of ₹1,226.5 crore for the quarter ended June 30. The company’s overall revenue was down 38.8% to ₹ 9,067.5 crore compared to the same period last year.
The shares of SAIL closed 2% higher yesterday.
Hinduja Group-owned Ashok Leyland launched a new light commercial vehicle (LCV) yesterday. Chairman Dheeraj Hinduja said the new LCV comes with the right and left-hand drive options, enabling the company to look at international markets.
The shares of Ashok Leyland closed 10% higher yesterday.
Allcargo Logistics, SpiceJet, Future Enterprises, and Zee Media Corporation
These companies are slated to report their quarterly earnings to the stock exchanges today.
SEE ALSO: SpiceJet shares spike ahead of earnings— losses are certain, but cargo operations may hold some respite
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