The Indian market is likely to open higher Tuesday following gains in Asian peers. At 7:55 am, the SGX Nifty was trading 49.50 points or 0.45 percent higher at 10,961.00, indicating a positive start for the Sensex and Nifty50.
Here are the top 10 buzzing stocks for today:
1. Yes Bank: Moody's Investors Service has upgraded Yes Bank's long-term foreign-currency issuer rating to B3 from Caa1 after the bank’s equity capital raise of Rs 15,000 crore. The outlook on Yes Bank's ratings has been changed to Stable from Positive.
2. Jubilant Life Sciences: The company announced that its subsidiary, Jubilant Generics, has launched remdesivir for injection under the brand name ‘JUBI-R’ in the Indian market at a price of Rs 4,700 per vial of 100 mg (lyophilized injection).
3. Infosys: The company has received an order from Bahrain Bank for transaction banking operations.
4. SpiceJet: The Directorate General of Civil Aviation (DGCA) has asked SpiceJet to withdraw its offer for discounted tickets as it was found in violation of fare cap set by the government, sources said. The decision from the regulator came hours after it had asked the airline for a clarification on the sale offered despite a cap on fares in place.
5. Bank of India: The lender has deferred the capital raising plan to the next board meeting.
6. Exide Industries: The company reported a net loss of Rs 13.5 crore in Q1FY21 as against a profit of Rs 161.6 crore, YoY. Revenue fell 31.1 percent to Rs 2,526 crore from Rs 3,664.2 crore, YoY.
7. KEC International: The company has secured new orders of Rs 1,192 crore across its various businesses, viz, transmission & distribution (Rs 821 crore), urban infra (Rs 146 crore), civil (Rs 57 crore) and cables (Rs 168 crore).
8. VST Industries: The company’s net profit in Q1FY21 remained unchanged at Rs 75.7 crore while revenue fell 19.4 percent to Rs 245.6 crore from Rs 305.7 crore, YoY.
9. Dhanlaxmi Bank: The bank’s net profit in Q1FY21 declined 69.2 percent to Rs 6.1 crore from Rs 19.8 crore while net interest income fell 12.3 percent to Rs 79 crore from Rs 90.1 crore, YoY. Gross NPA ratio rose to 6.89 percent from 5.90 percent while net NPA ratio increased to 2.18 percent from 1.55 percent, QoQ.
The company’s standalone profit in Q1FY21 fell to Rs 32.34 crore from Rs 34.36 crore while total income stood at Rs 138.08 crore as against Rs 142.35 crore, YoY.