bharat forge share price: Stocks in the news: Bharat Forge, Titan, Eveready, BEL, Cipla, BoB, Divi’s Lab and Bata India


Nifty futures on the Singapore Exchange traded 17 points, or 0.15 per cent lower at 11,209.50, in signs that Dalal Street was headed for a muted start on Monday. Here are a few stocks which may buzz the most in today’s trade:

Titan, Power Grid and IPCA Labs: Titan Company, Power Grid, IPCA Labs, Bank of Baroda, AstraZeneca Pharma, TTK Prestige, Akzo Nobel, KEC International, HEG, Cochin Shipyard, Ujjivan Financial Services, Equitas Holdings, Aban Offshore, Coffee Day Enterprises and Caplin Point Labs, among others, will announce their quarterly results today.

Bharat Forge, BEL and L&T: Defence stocks may gain after the Ministry of Defence announced over the weekend that it has prepared a list of 101 items for which there would be an embargo on the import beyond the timeline indicated against them.

Eveready Industries: Promoter group Khaitan family’s stake in Eveready Industries has slipped below 10 per cent after IndusInd Bank acquired nearly 8 per cent stake by invoking pledged shares of the battery maker, according to stock market data.

Cipla: Drug firm Cipla reported a 26.58 per cent rise in its consolidated net profit to Rs 566.04 crore for the quarter ended June on the back of robust sales. The company had posted a net profit of Rs 447.15 crore for the corresponding period of the previous fiscal, Cipla said in a BSE filing.

Bata India: Shoemaker Bata India reported a consolidated net loss of Rs 100.88 crore for the first quarter ended June 2020 as sales were hit by the coronavirus-related lockdowns.

Siemens: The company reported a consolidated net loss of Rs 1.9 crore for June quarter 2020 mainly due to lower revenues in view of the COVID-19 pandemic. In the year-ago period, the company logged a profit of Rs 250.1 crore, a BSE filing said.

IndusInd Bank: Private sector IndusInd Bank said it has acquired 7.82 per cent stake in battery maker Eveready Industries by invoking pledged shares following loan default.

Lupin, Sun Pharma: Leading drug makers Lupin and Sun Pharma are recalling different products in the US, according to the US Food and Drug Administration (USFDA).

Jubilant Life Sciences: Drug firm Jubilant Life Sciences said it has presented 1,000 vials of antiviral drug Remdesivir that it sells under the brand name ‘JUBI-R’ to Uttar Pradesh Chief Minister Yogi Adityanath.

DCB Bank: The lender posted a marginal decline of 2.5 per cent in net profit at Rs 79 crore for the first quarter of the current financial year. The private sector lender registered a net profit of Rs 81 crore in April-June, 2019-20.

Divi’s Laboratories: The drug firm reported 80.61 per cent rise in consolidated net profit at Rs 492.06 crore for June quarter 2020 mainly on account of robust sales. The company logged a profit of Rs 272.44 crore in the year-ago same period, Divi’s Laboratories said in a filing to BSE.

Abbott India: The pharma firm has reported a 54.22 per cent rise in its net profit to Rs 180.35 crore for the quarter to June 2020. It had posted a net profit of Rs 116.94 crore for the corresponding period of the previous fiscal, Abbott India said in a late night BSE filing on Friday.

Punjab & Sind Bank (PSB): State-owned Punjab & Sind Bank (PSB) said its net loss widened to Rs 116.89 crore in the first quarter ended June 30, mainly due to mounting bad loans.

Birla Corporation: MP Birla group’s flagship company Birla Corporation reported a 53 per cent fall in its net profit to Rs 66 crore for the first quarter of the current fiscal.

Concor: State-owned Container Corporation of India (Concor) said its consolidated profit nosedived 75.97 per cent to Rs 58.26 crore for the quarter ended on June 30, 2020. The company had clocked a consolidated profit of Rs 242.51 crore during the corresponding quarter a year ago, the multi-modal logistics company said in a regulatory filing to the BSE.

NTPC: State-run power giant NTPC on Saturday said it has achieved 100 billion units (BU) of cumulative power generation mark during the ongoing fiscal.

Godrej Properties: The company expects its sales bookings during the ongoing fiscal to be at an all-time high, beating the previous year’s record Rs 5,915 crore despite the Covid-19 pandemic.

Bharat Forge: India Inc on Sunday said the Centre’s decision to impose restrictions on import of 101 weapons and military platforms, and creation of a separate budget for domestic capital procurement in the current financial year is a ”path-breaking” reform towards becoming self-reliant and will boost indigenous defence manufacturing.

Coal India: Mining major Coal India has revised its production target to 650-660 million tonne for the 2020-21 fiscal in the wake of disruptions caused by the COVID-19 pandemic, a top company official said on Saturday.

Amara Raja Batteries: The company reported a 56 per cent decline in consolidated profit after tax at Rs 62.49 crore in the first quarter ended June 30 impacted adversely by the coronavirus pandemic. The company had posted a consolidated profit after tax of Rs 140.73 crore in the same period last fiscal, Amara Raja Batteries Ltd said in a regulatory filing.

Monte Carlo Fashions: Clothing firm Monte Carlo Fashions said it incurred a revenue loss of Rs 65 crore in the April-June quarter this year and is operating at around 80 per cent capacity due to the impact of COVID-19 and resultant lockdowns.





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