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Stocks in the news: Vodafone Idea, ICICI Bank, RIL, Petronet LNG, NTPC, BPCL and Sobha

Nifty futures on the Singapore Exchange traded 79 points, or 0.71 per cent, higher at 11,257, in signs that Dalal Street was headed for a positive start on Monday. Here are a few stocks which may buzz the most in today’s trade:

Can Fin Homes, Petronet LNG: Can Fin Homes, Petronet LNG, Lux Industries, HFCL, Scooters India, Suven Pharma, Sical Logistics and Orient Paper are among companies which are scheduled to report their quarterly results today.

ICICI Bank: The private lender said it completed the allotment of equity shares under its qualified institutions placement and raised about Rs 15,000 crore through the issuance of 41.89 crore equity shares at an issue price of Rs 358 per unit.

RIL: Reliance Industries (RIL) is in talks to acquire online furniture brand Urban Ladder and milk delivery platform Milkbasket, The Times of India reported.

Ujjivan Small Finance Bank: The SFB is expecting contraction in interest and fee incomes this fiscal due to business disruptions caused by coronavirus and ensuing lockdowns, its annual report has said.

IDBI Bank: The bank rejected a revised offer from Mauritius-based Royal Partner for Essar group arm EPC Constructions, after the investor sought a 10 per cent discount on its previous offer of Rs 1,150 crore citing the company’s “value erosion” during insolvency proceedings.

BPCL: Privatisation-bound national refiner BPCL said it has scaled down capex plans for FY21 to Rs 8,000 crore from Rs 12,500 crore originally planned as projects are stuck due to ..

Sobha: The realty firm will focus on selling housing units worth Rs 11,000 crore in ongoing projects over the next few years, and will be cautious in launching new projects amid the COVID-19 pandemic, a top company official said.

Rcom, Vodafone Idea, Bharti Airtel: Telecom companies such as Bharti Airtel, Vodafone Idea and Reliance Communications will be in focus as the next Supreme Court hearing of the adjusted gross revenues (AGR) case for telcos is scheduled for Monday.

Wipro: The company said it has completed the acquisition of Brazilian IT firm IVA Servicios de informatica Ltda. In July, Wipro NSE 1.97 % announced that it had signed an agreement to acquire IVIA for USD 22.4 million (about Rs 169 crore).

Federal Bank: The bank is looking to enter the credit card segment in the next one year to complete its suite of lending products, a senior official said on Sunday. The bank, which already has a co-branded card offering with SBI Cards, will focus on its existing customer base of over 1 crore to sell cards, its country head for deposit, cards and personal loans Nilufer Mullanfiroze.

ONGC: Prices of natural gas in India are likely to be cut to $1.9-1.94 – the lowest in more than a decade – from October, denting revenues of producers such as ONGC who are already incurring huge losses on gas production.

MCX: The company is all set to launch the country’s first bullion index, Bulldex, on August 24. “MCX iCOMDEX Bullion Index Futures contracts, expiring September, October and November, will be available for trading with effect from August 24,” the commodity exchange said in a circular on Saturday.


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