Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now

You can switch off notifications anytime using browser settings.
Stock Analysis, IPO, Mutual Funds, Bonds & More

Stocks in the news: Vodafone Idea, Bharti Airtel, Coffee Day, DHFL and SAIL

RCom, Tata Teleservices and Vadilal Ind will be among companies that will disclose quarterly results today.|
Updated: Nov 15, 2019, 08.59 AM IST
InterGlobe Aviation CEO Ronojoy Dutta said there is no overcapacity in the market.
NEW DELHI: Nifty futures on the Singapore Exchange traded 33.50 points, or 0.28 per cent, higher at 11,921, indicating a positive start for Dalal Street. Here are a few stocks which may buzz the most in today’s trade:

Vodafone Idea, Bharti Airtel: Vodafone Idea and Bharti Airtel have raised doubts over their ability to continue as going concerns while posting unprecedented losses of Rs 50,921.9 crore and Rs 23,045 crore, respectively, for the July-September quarter, after provisioning for adjusted gross revenue (AGR)-based dues following a recent Supreme Court ruling.

RCom, Tata Teleservices (Maharashtra): Sanwaria Consumer, IL&FS Engineering, RCom, Tata Teleservices (Maharashtra) and Vadilal Industries will be among companies that will disclose quarterly results on Thursday.

Coffee Day Enterprises: Private equity firms KKR, TPG Capital and Bain Capital have signed non-disclosure agreements (NDAs) with Coffee Day Enterprises (CDEL), initiating discussions on buying a significant stake in the group’s coffee business.

IndiGo: InterGlobe Aviation CEO Ronojoy Dutta said there is no overcapacity in the market and blamed the low fares on new airlines, which have caused the sector to bleed.

DHFL: The Pune bench of the DRT has stopped DHFL from making any further payments to any of its unsecured creditors, passing an order on an application filed by Catalyst Trustee.

SAIL: The country's largest steel maker SAIL posted a loss of Rs 342.84 crore for the July-September quarter of the current fiscal due to demand contraction and moderation in prices.

ONGC: State-owned Oil and Natural Gas Corporation (ONGC) reported a 36.2 per cent drop in second quarter net profit as it faced double whammy of fall in oil production and drop in prices.

MMTC: State-owned trading firm MMTC Ltd said revenue from operations rose 5.3 per cent year-on-year to Rs 13,176 crore in the six months to September 2019. Revenue from exports soared 384 per cent to Rs 862 crore while revenue from imports rose 25 per cent to Rs 10,756 crore.

AIA Engineering: Nomura has downgraded the stock to neutral from buy and lowered target price to Rs 1,895 from Rs 1,970. The management has cut its volume guidance and attributed it to uncertain outlook perceived by miners, said Nomura.

Edelweiss Financial Services: Credit Suisse has cut target price on the stock to Rs 135 from Rs 155 and retained neutral rating. Edelweiss' second quarter profit declined 80 per cent from year ago, reflecting funding market stress and high capital market leverage, said Credit Suisse.

Godfrey Phillips: The cigarette maker reported a 56.97 per cent increase in consolidated net profit at Rs 113.54 crore for the second quarter ended September 30, 2019.

Glenmark Pharmaceuticals: The drug firm reported a consolidated net profit to Rs 255.54 crore for the second quarter ended on September, 2019.

Reliance Infrastructure: The ADAG Group company reported 21.07 per cent rise in its consolidated net profit to Rs 280.35 crore for the second quarter ended September 30.

Reliance Power: RPower reported a 69.38 per cent decline in consolidated net profit at Rs 45 crore for the quarter ended September 30.

Raymond: The company is eyeing to open 100 Ethnix stores in three years mostly in urban big towns and metros, Raymond CEO Sanjay Behl said on Thursday.

BHEL: Kotak Institutional Equities has downgraded the stock to sell from reduce and cut fair value to Rs 46 from Rs 56. The linkage between BHEL’s cash profits and cash flows has broken over the past one year, said KIE.

Add Your Comments
Commenting feature is disabled in your country/region.
Download The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.

Other useful Links

Follow us on

Download et app

Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service