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    Here’s a look at buzzing stocks for trade on July 20

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    Here’s a look at buzzing stocks for trade on July 20

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    The Indian market is likely to open lower Monday amid mixed trend in Asian peers. Corporate earnings for the June quarter and the situation over coronavirus cases may guide the market sentiment going ahead. Meanwhile, at 7:45 am, the SGX Nifty was trading 39.25 points or 0.36 percent lower at 10,891.80, indicating a negative start for the Sensex and Nifty50.

    The Indian market is likely to open lower Monday amid mixed trend in Asian peers. Corporate earnings for the June quarter and the situation over coronavirus cases may guide the market sentiment going ahead. Meanwhile, at 7:45 am, the SGX Nifty was trading 39.25 points or 0.36 percent lower at 10,891.80, indicating a negative start for the Sensex and Nifty50.
    Here are the top 10 buzzing stocks for today:
    1. HDFC Bank:
    The bank’s net profit in Q1FY21 rose 19.6 percent YoY to Rs 6,658.62 crore. NII rose 17.8, YoY, percent to Rs 15,665.4 crore while net interest margin was at 4.3 percent. Asset quality deteriorated marginally as gross NPA ratio rose to 1.36 percent from 1.26 percent, QoQ. Provision and contingencies increased 48.89 percent YoY and 2.82 percent QoQ to Rs 3,891.52 crore.
    2. Reliance Industries: The company will shut 1 crude distillation unit at Jamnagar for 3-4 weeks in July for maintenance and inspection. (Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.)
    3. Glenmark Pharmaceuticals: The Drug Controller General of India (DCGI) has issued notices to the company seeking clarification regarding the false claim that its antiviral drug Fabiflu, is effective on COVID-19 patients with co-morbidities.
    4. Yes Bank: The bank has raised Rs 14,266.97 crore via FPO. The offer received total subscription at 0.95x; QIB subscription was at 1.90x while HNI at 0.63x and Retail ar 0.46x.
    5. M&M Financial Services: The company's board has approved rights issue in the ratio of 1:1 at price fixed at Rs 50 per share which is at 76 percent discount to the current market price.
    6. Vodafone Idea: The company has paid an additional Rs 1,000 crore gross revenue due to the Department of Telecommunications. The company had earlier deposited Rs 6,854 crore in 3 tranches.
    7. Cadila Healthcare: Zydus has received USFDA approval for Butalbital, Acetaminophen and Caffeine tablets. The combination is used to treat symptom complex of tension and headache. The drug will be manufactured at Nesher Pharma’s manufacturing unit at St. Louis, US.
    8. MCX India: The company said that it will go live on July 27 with its new trading software to accommodate zero and negative prices of commodities derivatives contracts it offers on its platform.
    9. Bank of India: The bank has appointed Shri Shankar Sen, as Chief Financial Officer.
    10. Trident: The company’s net profit in Q1FY21 declined 91.7 percent to Rs 10.1 crore from Rs 122.4 crore while revenue fell 46 percent to Rs 708.5 crore from Rs 1,312.1 crore, YoY.
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