The Indian market is likely to open higher Monday as the trend on SGX Nifty indicates a positive start for the broader index in India. The Nifty futures were trading 119.00 points or 0.83 percent higher at the 14,476.00 level on the Singaporean Exchange at 8:00 am.
Here are the top 10 buzzing stocks for today:
1. Reliance Industries: The company reported a consolidated profit of Rs 14,894 crore in Q3FY21 against Rs 10,602 crore in Q2FY21 and revenue increased to Rs 1,23,997 crore from Rs 1,16,195 crore, QoQ.
2. UltraTech Cement: The company’s consolidated net profit in Q3FY21 jumped to Rs 1,584 crore from Rs 711 crore while revenue increased to Rs 12,254.1 crore from Rs 10,439.3 crore, YoY.
3. JSW Steel: The company’s Q3FY21 net profit increased 13 times to Rs 2,669 crore from Rs 187 crore, while revenue from operations surged 21 percent to Rs 21,859 crore from Rs 18,055 crore, YoY.
4. Piramal Enterprises: The Committee of Creditors of DHFL has declared Piramal Capital and Housing Finance Ltd, a wholly-owned subsidiary of Piramal Enterprises Ltd, as successful bidder.
5. Yes Bank: The bank reported a profit of Rs 150.7 crore in Q3FY21 against a loss of Rs 18,560 crore in Q3FY20. Net interest income jumped to Rs 2,560.4 crore from Rs 1,064.7 crore, YoY.
6. Cadila Healthcare: Zydus Cadila has received final approval from the US FDA to market Liothyronine Sodium tablets that are used to treat underactive thyroid.
7. Grasim Industries: The company said it will enter paint business and invest Rs 5,000 crore over the next three years.
8. Tata Power Company: Tata Power Solar Systems received the EPC order worth Rs 1,200 crore from NTPC for setting up of 320MW ground mounted Solar PV project.
9. Mahindra Lifespace Developers: The company posted a consolidated net loss of Rs 11.19 as against a net profit of Rs 1.81 crore, while total income declined 17.5 percent to Rs 70.19 crore from Rs 85 crore, YoY.
10. Gland Pharma: The company’s net profit was up 32 percent at Rs 204.1 crore versus Rs 154.1 crore while revenue grew 33 percent to Rs 859.4 crore from Rs 646 crore, YoY.(Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.)