Vedanta, Jubilant Life, Maruti Suzuki, Kotak Mahindra Bank and IndiaMart: Stocks in the news

Here are a few stocks which may create some buzz in Wednesday’s trade.

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'Atmanirbhar Bharat Abhiyan' is a package to spur business, attract investment and strengthen the Make in India Mission, stated Modi.
Nifty futures on the Singapore Exchange traded 211.30 points or 2.29 per cent higher at 9,436.30 on Wednesday, indicating a gap-up start for Dalal Street. Here are a few stocks which may buzz the most in today's trade:

Maruti, Kotak Mahindra Bank: ABB, Siemens, Maruti Suzuki, Kotak Mahindra Bank, GCPL, Mphasis and Escorts Finance are among companies which will disclose their March quarter earnings today.

Jubilant Life Sciences: The company said it has entered into a non-exclusive licensing agreement with Gilead Sciences, Inc that will grant it the right to register, manufacture and sell the latter's investigational drug, remdesivir, a potential therapy for COVID-19, in 127 countries including India.

Vedanta: Mining major Vedanta's promoter Anil Agarwal is set to take the company private. In a late evening stock exchange filing, the company announced the decision by its parent Vedanta Resources, promoted by the billionaire.

Nestle India: Nestle India, the maker of Maggi noodles and Kitkat chocolate, reported a forecast-beating 13.54 per cent year-on-year (YoY) jump in the net profit for the quarter ended March on Tuesday.

Bandhan Bank: Private lender Bandhan Bank on Tuesday posted 29 per cent quarter-on-quarter (QoQ) fall in net profit at Rs 517.28 crore for the quarter ended March 31 due to over two-fold rise in provision and contingencies.

Vodafone Idea: Vodafone Group Plc is likely to inject Rs 285 crore (35 million euros) more into its India telecom JV - Vodafone Idea - by September, as per a pre-agreed mechanism. The UK group also raised concerns regarding Vodafone Idea's ability to generate cash to settle or refinance its liabilities and guarantees, including those related to its adjusted gross revenue (AGR) dues.

IndiaMart InterMESH: B2B e-commerce company Indiamart on Tuesday posted a 57 per cent rise in consolidated net profit to Rs 44 crore in the fourth quarter ended on March 31, 2020. The company had recorded a net profit of Rs 28.2 crore in the same period of 2018-19.

SpiceJet, InterGlobe Aviation: India may allow airlines to partially resume operations in the latter half of May or early June, said top government officials. Days after train services were allowed on a limited scale, the government may allow some flights to operate between key cities.

Reliance Industries: RIL raised over Rs 10,000 crore in a bond issue on Tuesday selling notes with tenors of about three years, taking the total funds garnered in FY21 through bonds in excess of ₹21,500 crore. These funds would help India’s most valued company reduce its borrowing costs.

TTK Prestige: Home appliances maker TTK Prestige has resumed operations at its manufacturing facilities in Tamil Nadu and Maharashtra with limited manpower, the company said on Tuesday.

NMDC: The country's largest iron ore miner, said it has reduced prices of ore lumps and fines by Rs 400 per tonne. The company has reduced the price of lumps or high-grade iron ore by Rs 400 to Rs 2,250 per tonne, the company said in a BSE filing.

Havells India: Consumer electrical goods maker Havells India reported a 10.69 per cent fall in its consolidated net profit to Rs 177.73 crore for the fourth quarter ended March 31.

JK Paper: The company reported a 17.91 per cent decline in consolidated net profit at Rs 92.72 crore for the fourth quarter ended March 2020 due to coronavirus and subsequent disruptions.

Blue Star: Air conditioning and commercial refrigeration company Blue Star on Tuesday reported a 88.85 per cent decline in consolidated net profit at Rs 8.90 crore for the quarter ended March due to Covid-19 pandemic and the subsequent lockdown.

Sterlite Technologies: Data network solutions provider Sterlite on Tuesday posted over 50 per cent decline in its consolidated net profit to Rs 80.3 crore for the March quarter, due to prolonged industry challenges and the Covid-19 crisis.




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