Stocks in the news: IDBI Bank, GIC Re, HUDCO, Metropolis Healthcare and Canara Bank

Canara Bank reported widening of its standalone net loss to Rs 3,259.33 crore for the fourth quarter .

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The power company said it has got shareholders' approval for raising its authorised share capital by Rs 200 crore to Rs 779 crore.
Nifty futures on the Singapore Exchange traded 106 points, or 1.03 per cent lower at 10,198.50, in signs that Dalal Street was headed for a negative start on Thursday.Here are a few stocks which may buzz the most during the day:

Canara Bank: State-owned Canara Bank reported widening of its standalone net loss to Rs 3,259.33 crore for the fourth quarter. The bank will also seek board approval next month to raise Rs 6000 crore to Rs 8000 crore in capital as it prepares to beef up its balance sheet for future needs.

Prestige Estates: Realty firm Prestige Estates reported a 64 per cent fall in its consolidated net profit to Rs 51.1 crore for the quarter ended March. Its net profit had stood at Rs 141.9 crore in the year-ago period, according to a regulatory filing.


IDBI Bank: The LIC-owned bank said despite challenges arising out of the coronavirus pandemic, it does not see any material impact on its financial results going ahead. The implementation of lockdown and extensions has resulted in disruptions of business and common life, the lender said in a filing to the exchanges.

GIC Re: State-run reinsurer GIC Re reported near doubling of its net income to Rs 1,197.4 crore for the March quarter, driven by investment income. The company's net income stood at Rs 603.4 crore in the corresponding period of the preceding fiscal.

PNC Infratech: The company reported a 46.79 per cent decline in consolidated profit after tax (PAT) at Rs 90 crore for the quarter ended March 31, 2020. The company had posted a consolidated PAT of Rs 169 crore during the corresponding quarter a year ago, it said in a regulatory filing to the BSE.
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Karur Vysya Bank: The bank reported 39.5 per cent jump in net profit at Rs 83.70 crore for the quarter ended March 2020 on higher income from other sources, even as provisioning went up substantially.

Embassy Office Parks REIT: Global fund Blackstone raised around $300 million (about Rs 2,270 crore) by selling its shares in Embassy Office Parks REIT to monetise part of its investment, sources said.

HG Infra Engineering: The company reported a 40.79 per cent jump in consolidated profit after tax to Rs 54.32 crore for the quarter ended March 2020. The company had clocked a consolidated PAT of Rs 38.58 crore for the corresponding period a year-ago, it said in a regulatory filing.

Housing and Urban Development Corporation(HUDCO): Credit rating agency Fitch has revised the outlook on state-owned HUDCO to negative from stable.
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Power Finance Corporation: The company reported about 80 per cent decline in consolidated net profit at Rs 693.71 crore for the quarter ended March, mainly due to transaction exchange loss.

Coal India: Exploration arm added 7.8 billion tonnes of coal to India’s proven reserves base in 2019-20, the largest addition in a year so far, it said in a report.
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United Spirits: The country's biggest spirits maker, said it is difficult to confirm a steady demand revival for the sector even as operations and sales have started to normalise post a near-two months lockdown.

Tata Power: The power company said it has got shareholders' approval for raising its authorised share capital by Rs 200 crore to Rs 779 crore.

Metropolis Healthcare: Promoter Duru Sushil Shah offloaded 3,054,545 shares in Metropolis Healthcare at Rs 1,383.44, while Aditya Birla Sun Life MF bought 312,224 shares in the diagnostics chain at Rs 1,382.10 each.

Sunteck Realty: Kotak Mahindra (International) bought 16,80,000 shares of Sunteck Realty, while FGTEBP Fiam Emerging Markets Commingled Pool and Fidelity Investment Trust sold 10,71,267 and 29,47,776 shares at Rs 181.30 each.

Bombay Dyeing: Promoter Nowrosjee Wadia And Sons sold 4,359,611 shares in Bombay Dyeing at Rs 76.90 per share to other co-promoters Sahara Investments, Heera Holdings and Nidhivan Investments.

Endurance Technologies, TTK Prestige: Apar Industries, Apollo Hospitals, Ashok Leyland, Bank of India, Endurance Technologies, ION Exchange, Star Cement, Taj GVK Hotels, TTK Prestige, Zuari Global: These companies are expected to announce their March quarter earnings on Thursday.
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