Latest Stocks News: MRF, Tata Steel, BOI, PNB, and Bajaj Finance

Some stocks that might escalate today:

Nifty futures: Nifty on Singapore Stock Exchange, traded at 49 points, or 0.31, higher at 15,758, indicating that Dalal Street will go for a productive start on Monday. 

Latest Stocks News: MRF, Tata Steel, BOI, PNB, and Bajaj Finance

Bank of Maharashtra Stocks: The PSU lender said the pandemic-driven slowdown in economic activities might lead to a rise in customer defaults. Its impact on the bank depends on the COVID-19 situation in the future.

MRF Union Bank of India and others: MRF, Union Bank of India, Central Bank of India, Jubilant Ingrevia, The New India Assurance Company, Mrs Bectors Food Specialities, SMC Global Securities, Fairchem Organics, Seamec and Yuken India are the companies that will announce their March quarter results today.

Tata Consumer Products: The Tata group firm has forayed into the premium roast and ground coffee segment with the ‘Sonnets By Tata Coffee’ launch.

Bajaj Finance Stocks: The NBFC estimated Rs 4,000-5,000 crore to its AUM growth plan for FY2022 on account of the Covid 2.0 led disruptions, with the June quarter seeing a higher impact on AUM due to lower volumes in B2B businesses.

Bank of Baroda Stocks: The state-run lender has received board approval to set off an accumulated loss of over Rs 11,048 crore against the share premium account of the bank. The (BOD) Board of Directors approved the proposal on June 5, 2021.

NIIT: The skills and talent development company said its net profit stood at Rs 46.5 crore in the March 2021 quarter. The company has also strengthened its board with four new members, including the appointment of Udai Singh Pawar and Leher Vijay Thadani.

Jubilant Pharmova: The drug firm reported a net profit of Rs 214 crore for the Q4 fourth quarter ended March 31, 2021. The company has publicized a net profit of Rs 260 crore in the January-March quarter of 2019-20.

IndusInd Bank: BofA Securities Europe SA picked up 36.18 lakh shares of IndusInd Bank for Rs 364 crore through a market transaction. UBS Principal Capital Asia Ltd offloaded the shares.

VA Tech WABAG: Water treatment player has clocked standalone profit for the quarter ending March 31, 2021, at Rs 32.82 crore. The Chennai-based company had clocked standalone net at Rs 1.38 crore during the corresponding quarter previous year.

Bank of India: The state-owned lender reported a standalone profit after tax of Rs 250 crore for March quarter 2020-21 as bad loans shrunk. The lender had incurred a standalone loss of Rs 3,571 crore in the year-ago period.

Punjab National Bank: The State-owned lender PNB posted a standalone profit of Rs 586.33 crore for the fourth quarter ended March, aided by a good increase in interest income. The second-largest public sector lender had reported a loss of Rs 697.20 crore in the January-March period of 2019-20.

Dr Reddy’s Laboratories: The leading hospital chain Manipal Hospitals said it has collaborated with Dr Reddy’s Laboratories to add the Sputnik V COVID-19 vaccine to its existing vaccine portfolio.

Quess Corp: The business services provider reported a reduction in a loss at Rs 58 crore for March 2021 quarter. The company’s loss stood at Rs 630 crore in the same quarter a year ago.

Emami: The FMCG major has raised product prices on an average by four per cent in the current fiscal year to offset the present input cost pressure that will help the company retain a gross margin of 66-67 per cent, a senior company official said.

Stocks of Cosmo Films: The packaging solutions provider said Crisil had upgraded its long-term credit rating to AA- (stable) from A+. The rating agency has also upgraded its short-term credit rating to A1(+) from A1, Cosmo Films said.

Tata Steel Stocks: The wholly-owned subsidiary of Tata group’s iron maker Tata Steel NSE -1.04 % Mining Limited (TSML) has been declared as the successful resolution applicant by the creditors of Rohit Ferro-Tech Limited, steel major Tata Steel said on Sunday.

NBCC Stocks: The State-owned construction company submitted its final bid to acquire Jaypee Infratech Ltd (JIL), while rival Suraksha group sought more time to make the last offer for the debt-laden realty firm under the insolvency resolution process, sources said.

Equitas Small Finance Bank: The recently listed Small Finance Bank has reported a drop in its collection efficiency at around 78 per cent in May from over 105 per cent in the previous month.

Stocks of Dewan Housing Finance Corporation: The NBFC reported a consolidated net profit of Rs 96.75 crore for the last quarter of the fiscal ended in March 2021. The company, which is under the corporate insolvency process, had posted a net loss of Rs 7,507.01 crore in the January-March quarter of the year-ago fiscal.


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