NIFTY 50

Here’s a look at buzzing stocks for trade on June 6

Updated : July 06, 2020 08:36 AM IST

The Indian market is likely to open higher Monday following a mixed trend in Asian peers. At 8:30 am, the SGX Nifty was trading 120.30 points or 1.14 percent higher at 10,688.30, indicating a positive start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. HDFC Bank: The bank’s advances in Q1FY21 rose 21 percent to Rs 10,04,500 crore from Rs 8,29,700 crore, YoY. Deposits increased 25 percent to Rs 11,89,500 crore versus Rs 9,54,600 crore, YoY.

2. ICICI Bank: The bank’s board will meet on July 8 to consider the proposal of raising funds by issue of equity shares and/or other equity-linked securities, subject to shareholders’ approval and regulatory and other approvals as may be required.

3, IndusInd Bank: The bank’s deposits in Q1FY21 rose 5.7 percent to Rs 2,11,970 crore and net advances increased 3.5 percent to Rs 2,00,357 crore, YoY. CASA ratio was at 12 quarter low of 40.2 percent.

4. Federal Bank: The bank’s deposits in Q1FY21 increased 16.9 percent to Rs 1,54,938 crore while advances rose 8.2 percent to at Rs 1,23,085 crore, YoY. CASA ratio was at 5 quarter high of 32.02 percent.

5. Marico: The company said that its revenues declined in double-digit in Q1FY21, but a combination of benign input costs, aggressive cost control and rationalization of A&P spends in few discretionary portfolios on a lower topline, will lead to expansion of operating margins compared to the corresponding quarter last year.

6. Coal India: The company has signed joint venture agreements with NLC India to develop solar and thermal power assets on a pan India basis.

7. Adani Ports and Special Economic Zone: The company has achieved a throughput of 41.5 MMT across its nine operating ports in India in Q1FY21.

8. Oil India: The company’s cumulative production loss since May 27, 2020 due to bandhs and blockades stood at 9,072 MT of crude oil and 11.61 MMSCM of natural gas.

9. Sobha Ltd: The company reported Q1FY21 sales volume at 650,400 lakh square feet valued at Rs 488 crore, with a total average realization of Rs 7,498 per square feet.

10. PNB Housing Finance: CARE Ratings has downgraded the company’s bank borrowings, NCDs and fixed deposits to CARE AA from CARE AA-. The Outlook has been revised to Stable from Negative.
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