Stocks in the news: ICICI Bank, ITC, HDFC Bank, Marico, Kotak Bank, TechM, YES Bank and Infosys

HDFC's chief executive and managing director Aditya Puri has sold shares worth Rs 842.87 crore of the private lender last week.

Stocks in the news: ICICI Bank, ITC, HDFC Bank, Marico, Kotak Bank, TechM, YES Bank and Infosys
Nifty futures on the Singapore Exchange traded 30 points, or 0.27 per cent higher at 11,206, in signs that Dalal Street was headed for a positive start on Monday. Here are few stocks that may buzz during the day:

Kotak Mahindra Bank, TechM and Marico: Kotak Mahindra Bank, Tech Mahindra, India Cements, Marico, United Spirits, Havells India, Bharti Infratel, Bharat Electronics, Pfizer, Nippon Life AMC, Escorts, V-Guard Industries, Tejas Network and Jaiprakash Power Ventures are among companies which will announce quarterly results on Monday.

YES Bank: The bank's shares are likely to fall on Monday will the listing of fresh equity shares allotted in the follow-on public offer (FPO). The bank has issued Rs 1,250 crore shares at Rs 12 apiece to raise Rs 15,000.


HDFC Bank: Chief executive and managing director Aditya Puri has sold shares worth Rs 842.87 crore of the private lender last week, according to regulatory filings. The share sale, which was executed between July 21 and 23, brought down Puri's holding in the most valued Indian lender to just 0.01 per cent from the earlier 0.14 per cent.

ICICI Bank: The private lender reported 24 per cent growth in its consolidated June quarter consolidated profit at Rs 3,118 crore even as it set aside Rs 5,550 crore for possible reverses on account of the COVID-19 pandemic.

Infosys: Family members of Infosys co-founder SD Shibulal have sold 85 lakh shares of the company worth Rs 777 crore, according to regulatory documents. A separate statement issued by Shibulal's family office said the proceeds will be utilised for philanthropic and investment activities.
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ITC: Diversified group ITC reported a 25.30 per cent fall in its consolidated profit after tax at Rs 2,567.07 crore for the first quarter ended June 30, hit by disruption in operations due to the coronavirus-induced lockdown.

Lupin, Granules India: Drug makers Lupin and Granules India are recalling close to 9.71 lakh bottles of generic diabetes drug in the US due to possibility of the affected lot containing cancer causing nitrosodimethylamine (NDMA) above the acceptable intake limit.

Bandhan Bank: The lender is exploring options to further bring down promoter's stake in the bank to the prescribed 40 per cent limit of the paid-up equity capital, the lender said in its annual report for 2019-20.

Zee Entertainment Enterprises: The media firm reported a consolidated net loss of Rs 765.82 crore for the January-March quarter of FY 2019-20. Total income was down 4.06 per cent to Rs 1,991.74 crore during the said quarter as against Rs 2,076.06 crore a year ago.
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Ambuja Cements: The company reported 28.76 per cent decline in consolidated net profit to Rs 592.51 crore for the second quarter ended June 30, on account of COVID-19 related disruptions.

Bharti Airtel, Vodafone Idea: Mobile operators lost 5.26 million and 4.51 million subscribers respectively in April, while Reliance Jio added 1.57 million users during the same period, according to latest Trai data.
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NMDC: State-owned NMDC's steel plant at Nagarnar, Chhattisgarh, is facing delays in commissioning due to disruptions caused by the COVID-19 pandemic, a top company official has said. The steel plant, which had missed its completion schedule earlier as well, is now expected to take one more year to start production.

PNB Housing Finance: The NBFC expects to disburse around Rs 13,000 crore loan in current fiscal, and sees demand picking up around October-November with the onset of festive season, its MD and CEO Neeraj Vyas said.

Sterlite Tech: Data network solutions provider Sterlite Technologies' receivables from BSNL has come down to less than Rs 100 crore now, and the company is hopeful that substantial part of pending dues will be cleared by the state-owned telco this year, Group CEO Anand Agarwal said.

MCX: The Multi Commodity Exchange of India (MCX) has posted a 29 per cent growth in its June quarter net profit at Rs 56.43 crore. For the quarter ended June 2020, MCX's total income increased by 11 per cent to Rs 122.70 crore from Rs 110.84 crore from a year-ago period.

Adani Power: Adani Power said it has received shareholders' approval for its Rs 3,264-crore delisting proposal. Last month, Adani Power had issued a notice for voluntary delisting of equity shares of the company from BSE Limited and National Stock Exchange of India Limited.

Hindustan Copper: State-owned Hindustan Copper is looking to rope in a partner with strong financial health to help it expedite ore output capacity to over 20 million tonnes per annum (MTPA), its CMD Arun Kumar Shukla has said.
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