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Stocks in the news: Sun Pharma, Prabhat Dairy, L&T and Asian Paints

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

Last Updated: Jan 22, 2019, 08.27 AM IST
Here are a few stocks which may buzz the most in today's trade.
NEW DELHI: Nifty futures on the Singapore Exchange were trading 5.50 points, or 0.05 per cent, higher at 10,967.50, indicating a flat-to-positive start for the Nifty50. Here are a few stocks which may buzz the most in today's trade:

Asian Paints, ICICI Prudential: Asian Paints, Havells India, HDFC Standard Life Insurance Company, ICICI Prudential Life Insurance Company, Oberoi Realty, Reliance Nippon Life Asset Management, Shree Cement, Syngene International and TVS Motor Company will be among companies, which will announce their December quarter results on Tuesday.

Sun Pharma: Real estate firm Suraksha Realty, owned by Sudhir Valia, the brother-in-law of Sun Pharma promoter Dilip Shanghvi, has raised money using Sun Pharma shares as collateral at least on three occasions in the past two years with the latest pledge coming from his firm and another owned by Shanghvi.

Prabhat Dairy: French dairy group Lactalis has signed a definitive agreement to buy the milk-processing business of Maharashtra-based Prabhat Dairy for about Rs 1,700 crore through a slump sale.

Larsen & Toubro: Capital goods and engineering major Larsen & Toubro is likely to go in for the special dividend route after India's market regulator Sebi rejected the company's ₹9,000-crore share buyback, according to brokerages.

Srei Infrastructure Finance: The company on Monday announced a scheme of amalgamation that will help list its equipment finance business on the stock exchanges. The company has decided to put on hold its earlier plan to launch an initial public offering (IPO).

IOC, GAIL: Indian Oil and Gail are still evaluating plans to invest in a Rs 6,000-crore liquefied natural gas (LNG) import terminal being developed by the Adani Group in Odisha. The plan was announced in 2016.

Sugar stocks: Industry body ISMA Monday revised downward the country's sugar output for the second time to 30.7 million tonnes (mt) for the ongoing marketing year 2018-19, owing to a diversion for ethanol making.

Union Bank: Union Bank swung to a profit in the December quarter, boosted by a surge in treasury income and recovery from defaulters. Provisions for bad loans also halved, although the share of gross bad assets in total advances climbed.

HDFC AMC: HDFC AMC saw its profit after tax rise 25 per cent to Rs 243 crore for the quarter ended December 2018 compared with Rs 195 crore in year-ago period.

L&T Finance Holdings: The arm of engineering firm Larsen & Toubro posted a 81 per cent rise in consolidated net profit to Rs 581 crore during the third quarter ended December 31, 2018.

PSU banks: The government will soon initiate the next series of corporate governance reforms at state-run lenders, including a more diversified board structure, stronger board-level committees and a robust performance management system for employees.

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