Stocks in the news: SBI, RIL, ITC, Cipla, Vedanta, Dalmia Bharat & Glenmark

NEW DELHI: Mixed Asian trading and lower SGX Nifty suggest Indian markets may see profit booking during the day. Here are key stocks that may buzz the most:

Reliance Industries (RIL): Saudi Arabia’s Public Investment Fund (PIF) has agreed to invest around Rs 9,555 crore or $1.3 billion in RIL’s unit Reliance Retail Ventures (RRVL) for a 2.04 per cent stake.

Q2 earnings: ITC, Cipla, Vedanta, Tata Consumer Products, Ashok Leyland, Vedanta, Aditya Birla Fashion & Retail, BEL, BHEL, Glenmark, Shipping Corp of India: These companies are scheduled to announce their September quarter earnings in the day.


HDFC Bank: Largest private sector lender HDFC Bank on Thursday said it has hired Ramesh Lakshminarayanan as its next chief information officer (CIO).

SBI: State Bank of India (SBI) has the financial strength to withstand tough operating conditions in the next 12 months due to its strong deposit franchise and liquidity, global rating agency S&P said on Thursday.

Berger Paints: Berger Paints India Ltd on Thursday reported an increase of 13.55 percent in its consolidated net profit to Rs 221.05 crore for the second quarter ended September.

Dalmia Bharat: Dalmia Bharat reported a 544 per cent year-on-year rise in consolidated net profit at Rs 232 crore for the quarter ending September FY 21, as against a profit of Rs 36 crore during the same period last year on the back of new capacity additions, increased utilization levels and cost-cutting initiatives.

InterGlobe Aviation: IndiGo, India’s biggest airline, is in talks with Pratt & Whitney and CFM International Inc. for its next batch of jet engine orders, Bloomberg reported citing people familiar with the matter.

Birla Corporation: M.P. Birla Group’s flagship company, Birla Corporation has reported a 88.6 per cent year-on-year rise in consolidated net profit at Rs 166.62 crore mainly on account of the company’s cost rationalization initiatives and a better-than-expected recovery in cement demand.

Adani Power: Adani Power on Thursday said its consolidated net profit jumped manifold to Rs 2,228.05 crore in the quarter ended September 30, mainly on account of improved income.

Astrazeneca Pharma India: Drug firm AstraZeneca Pharma India on Thursday reported an 83.48 per cent rise in its net profit at Rs 26.33 crore for the quarter ended September.

Emami: Homegrown FMCG firm Emami on Thursday reported 10.4 per cent jump in standalone revenue from operations at Rs 653.86 crore for the July-September quarter with the company saying there has been "an all-round record performance across brands, signifying revival of consumer sentiment."