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Stocks in the news: Eveready, Axis Bank, Sun Pharma, HEG, Manpasand Beverages and Prabhat Dairy

Here are a few stocks, which may buzz the most in today’s trade.

Last Updated: Feb 12, 2019, 09.19 AM IST
NEW DELHI: Nifty futures on the Singapore Exchange were trading 7.5 points, or 0.07 per cent, lower at 10,923.50, indicating a tepid start for the Nifty50. Here are a few stocks, which may buzz the most in today’s trade.

CIL, Sun Pharma and OIL: Sun Pharmaceutical Industries, Oil India (OIL), Coal India (CIL), Bajaj Hindusthan, Omaxe, HEG, Indian Hotels, Bata India, India Cements, Religare Enterprises, Jain Irrigation, Lovable Lingerie, Manpasand Beverages, Lux Industries, Prabhat Dairy, are among 313 companies set to announce their December quarter results on Tuesday.

Eveready: US-based Energizer Holdings is eyeing a controlling stake in BM Khaitan’s flagship Eveready Industries as the sale process gathers momentum. Energizer, which already owns the Eveready brand in the US and China, is likely to face competition from rival Duracell, owned by Warren Buffett’s Berkshire Hathawa.

Axis Bank: The Centre is seeking to raise around Rs 5,316 crore by selling its 3 per cent stake, owned through the Specified Undertaking of the Unit Trust of India (SUUTI), in private sector lender Axis Bank. The stake sale is aimed at helping North Block meet its budgeted disinvestment target.

PNB: General Atlantic Partners (GA) and Varde Partners have emerged the frontrunners to pick up a 22 per cent stake in PNB Housing Finance from Punjab National Bank for around Rs 3,500 crore in one of the most closely fought auctions for a mortgage firm, said three people aware of the development.

SBI: Bank of America Merrill Lynch emerged as the sole bidder in State Bank of India’s auction of its loans to bankrupt Essar Steel, but it bid for only a part of the Rs 13,000-crore loans the lender put on the block, two people familiar with the matter told ET.

Voda Idea: Vodafone Idea will have enough capital after the completion of the forthcoming Rs 25,000-crore rights issue and will not need to raise equity for the next three or four years, chairman Kumar Mangalam Birla has said.

F&O stocks: The Sebi has proposed price bands for all futures & options (F&O) stocks, seeking to curb excessive price volatility in equity scrips that have derivative instruments available for trading. The capital-markets regulator said an examination of the price movements of F&O stocks in the past six months showed that 40 scrips witnessed intra-day movement of more than 20 per cent.

RCom: Bankrupt Reliance Communications Monday said it will develop a 132-acre land parcel on the outskirts of the city as a fintech centre. The 132-acre land parcel called Dhirubhai Ambani Knowledge City (DAKC) in the satellite city of Navi Mumbai used to serve as a corporate nerve centre for the company, which filed for insolvency earlier this month.

Jaypee Infratech: Debt ridden Jaypee Infratech said its net loss narrowed to Rs 326.64 crore in the third quarter ended December 31. The company, which is undergoing Corporate Insolvency Resolution Process, had reported a net loss of Rs 361.28 crore in the October-December quarter of the previous fiscal.

India Cements: The company reported a 79.46 per cent decrease in its standalone net profit at Rs 3.13 crore for the third quarter ended on December 2018.

Mahindra Logistics: The company said it has partnered with Gulf Oil Lubricants India (Gulf Oil), a leading lubricant manufacturing and marketing company to provide the latter its technology-driven logistics solutions.

GE T&D: The company reported 26 per cent decline in net profit to Rs 53.05 crore for December quarter 2018, on account of lower revenues. The company's net profit in the year-ago period stood at Rs 71.77 crore, a statement said.

Setco Automotive: Auto component maker Setco Automotive reported a nearly 36 percent decline in net profit at Rs 7.22 crore for the third quarter ended December 31, 2018, owing to the change in tax structure.

American depository receipts (ADRs) of Dr Reddy's Labs declined 5.54 per cent in overnight trade. ADRs of Vedanta and ICICI fell 1.51 per cent and 1.12 per cent, respectively. Tata Motors ADR gained 0.95 per cent.

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