NSE share market NEWS tomorrow (23 October, 2020). NSE stocks in NEWS (tomorrow)
NSE share market NEWS tomorrow (23 October, 2020). NSE stocks in NEWS (tomorrow) These are NSE stocks which will be in NEWS tomorrow as on 23 October 2020
Suzlon Energy was amongst the top gainers, currently trading at 3.50 in NSE with 0.232 times change in volumes and 9.375% change in price. Other gainers included Info Edge with 7.275% price change and 2.658 times volumes, Ncc with 6.928% price change and 2.726 times volumes, Bharat Forge with 6.68% price change and 3.649 times volumes, and Crompton Gr with 6.49% price change and 6.74 times volumes. These stocks are expected to continue this move in coming days also. You can take a position in these stocks tomorrow and hold the position for a few days with today's opening as stoploss.
Oberoi Realty was amongst the top losers, currently trading at 457.20 in NSE with 0.3 times change in volumes and -5.449% change in price. Other losers included Sbi Cards with -5.241% price change and 4.921 times volumes, Jsw Energy with -3.263% price change and 0.752 times volumes, Coforge with -3.116% price change and 2.219 times volumes, and Biocon with -2.898% price change and 2.306 times volumes. These stocks are expected to continue this move in coming days also. You can take a position in these stocks tomorrow and hold the position for a few days with today's opening as stoploss.
Other stocks which made news headlines today and can be traded tomorrow are below.
IDBI Bank Q2 profit at Rs 324 cr; brings down provisions for bad loans. Compared sequentially, the bank registered a 125 per cent jump against the first quarter net profit of Rs 144 crore, IDBI Bank said in release
Centre likely to take key decisions on Air India divestment on Saturday. These key decisions might come at a time when the divestment deadline of October 31 is fast approaching
JSW Steel's Q2 net profit falls 37% to Rs 1,595 cr on higher tax outgo. Tax expenses of Rs 910 crore hurt the bottom-line even as net sales were up 11.5% year-on-year
100% growth in orders received during festive season sale, says Myntra. Myntra said that 51 per cent of shoppers on its platform were women
WeWork India appoints new Chief Financial Officer, General Counsel. Co-working major WeWork India on Friday said it has appointed Clifford Loboas Chief Financial Officer(CFO). It has also appointed Hiranmai Rallabandi as General Counsel while Santosh Martinhas been elevated toHead of Sales. "Clifford Lobohas been appointed
Tech Mahindra Q2 net profit drops 5% YoY to Rs 1,065 crore. The company's board has also proposed a special dividend of Rs 15 per equity share of Rs 5 each.
NTPC granted permission to use drones for research at 3 thermal plants. The ministry said the conditional exemption is till December 31 or till the full operatalisation of Digital Sky Platform, whichever is earlier
Hyundai Motor to invest Rs 150 crore in new training centre near Chennai. The facility will serve as an incubation centre for skill enhancement and will focus on human-centric innovations and mobility solutions
SBI Card, Delhi Metro jointly launch contactless multi-purpose card. The unique combo credit card 'Delhi Metro SBI Card' is thoughtfully designed for regular commuters on the Delhi Metro, SBI Card said in a release
Airtel Africa Apr-Sept profit drops 37% to 5 mn, revenue up 10.7%. The company had posted a profit after tax of USD 228 million for the same period a year ago
Flipkart to acquire 7.8% stake in Aditya Birla Fashion for Rs 1,500 crore. The promoter and promoter group companies of Aditya Birla Fashion will hold about 55.13 per cent stake upon completion of the issuance
Aditya Birla Fashion to raise Rs 1,500 crore from Flipkart; stk jumps 17%. On completion of this transaction, ABFRL would have successfully executed a capital raise of Rs 2,500 crore since April 1, 2020
Biocon posts 22% fall in Q2 net profit on high R&D expenses, staff costs. The Bengaluru-headquartered company posted 10 per cent growth in consolidated revenue on a y-o-y basis to Rs 1,760 crore in Q2
Nestle India to announce Q3 numbers today; here's what to expect. On Wednesday, the company reported a 'mid-single-digit growth' in the Indian market in the July-September quarter.
Maharashtra govt invites Tesla after Elon Musk hints entry into India. India's richest state Maharashtra has invited U.S. electric-car maker Tesla Inc, weeks after its Chief Executive Officer Elon Musk suggested entering the country next year
Tech Mahindra to acquire Tenzing Group, Momenton for Rs 293 crore. IT company Tech Mahindra on Friday said it will acquire complete stake in New Zealand-based Tenzing Group and Australian IT firm Momenton for a cumulative amount of around Rs 293 crore
IDBI Bank Q2 net profit at Rs 324 cr vs Rs 3,459 cr loss a year ago. Net interest income up 4% to Rs 1,695 cr, NIM improves by 37 bps to 2.7%
Tata Motors bags order for 6413 Ace vehicles from AP Civil Supplies Corpn. Tata Motors on Friday said it has secured an order from the Andhra Pradesh Civil Supplies Corporation for supply of 6,413 Tata Ace Gold vehicles
BPCL to launch 2 high-end synthetic lubricant variants next week. Bharat Petroleum Corporation Ltd (BPCL) will next week launch two high-grade synthetic lubes for premium cars and bikes.
Mi India sells 5 mn smartphones in a week during festive season sale. The company said its 15,000 retail partners across the country doubled their sales year-on-year during the festive sale
Nestle India to invest Rs 2,600 cr over four years to boost production. Some part of the funds will also be used for its plant in Sanand, Gujarat, which is currently under construction
Tata Motors bags supply order for 6,413 Tata Ace Gold mini trucks from AP. It added that the fully-built Tata Gold Ace mini trucks are to be used as mobile-dispensing units for the doorstep delivery of supplies in Andhra Pradesh, and will be customised to suit the applicatio
Nestle India pre-tax profit up 12.4% to Rs 787 cr in September quarter. Weathering impact of localised lockdowns, it managed to grow its net sales by 10.2 per cent during the quarter to Rs 3,525 crore
HPCL raises Rs 2,000 cr debt for funding its capex during current year. Coupon rate will be 4.79 per cent per annum for the debt instruments which will mature on October 23, 2023
Oriental Hotels reports net loss of Rs 17.71 crore during Sept quarter. Oriental Hotels Ltd is an associate company of The Indian Hotels Company Ltd
Nestle India Q3 net profit dips marginally to Rs 587 cr; sales rise 10%. The company, which follows January-December financial year, had posted a profit of Rs 595.27 crore in the July-September quarter a year ago
LIC raises its stake in IRB Infra Developers to 5.27% in September quarter. IRB Infra is the largest highway developer in the private sector with an asset base of Rs 45,000 crore and two InvITs
ICICI Lombard Q2 net profit rises 35% on improved underwriting practices. The company reported a combined ratio of 99.7 per cent in Q2FY21, compared to 102.6 per cent in Q2FY20. Combined ratio is the measure of profitability of a general insurance company
IGL to facilitate conversion of diesel generators to natural gas gensets. Indraprastha Gas Ltd on Friday said it will help housing societies as well as commercial establishments to replace diesel in generators to environment-friendly natural gas.
ICICI Lombard reports 35% jump in net profit at Rs 416 cr in Sept quarter. The insurer had posted a net profit of Rs 307.91 crore for the year-ago period.
Yes Bank posts Rs 130 cr net profit in Q2 despite spurt in bad loans. The private sector lender had posted a net loss of Rs 600 crore in the corresponding quarter of previous fiscal.
JSW Steel reports 37% decline in net profit at Rs 1,595 cr in Sept quarter. The company had posted Rs 2,536 crore profit for the same quarter a year ago, JSW Steel said in a BSE filing
Flipkart eyes retail brands, acquires 7.8% stake in Aditya Birla Fashion. The Walmart-owned firm is in a race with rivals Amazon and Reliance's JioMart, who are also following a similar strategy
Tech Mahindra Q2 net declines 5.3% to Rs 1,064 cr on higher expenses. Revenue for the quarter stood at Rs 9,372 crore, a growth of 3.3 per cent YoY and 2.9 per cent sequentially.
Vedanta board to meet on Saturday to consider first interim dividend. The total number of shares tendered by Vedanta Ltd's public shareholders fell 7 per cent short of the mandatory minimum 90 per cent for successful delisting.
India OTT market to become sixth-largest by 2024, says PwC report. Mobile phones will be the primary driver of revenue in the internet advertising market due to increase in data affordability
Bharti Infratel's profit after tax down 24% to Rs 733 crore in Sept quarter. The company completed the merger of Indus Towers with itself during this (July-September) quarter
India most troubled by talent crunch for cyber threat detection: Report. "The unprecedented adoption of cloud is also giving rise to newer vulnerabilities and cybersecurity challenges."
Asian Paints reports 1.15% rise in net profit at Rs 852 cr in Sept quarter. The company had posted a net profit of Rs 842.14 crore in the July-September quarter a year ago
EESL invests mn in Thailand-based electric bike company. This is the company's second overseas investment; funding was routed through SHIFT Asia, a carbon finance platform
Alliance Air makes first operating profit in 2020; net loss at Rs 201 crore. National carrier Air India's wholly-owned subsidiary Alliance Air on Thursday reported an operating profit of Rs 65.09 crore in FY20.
NTPC ranks first among Indian PSUs in Forbes' 'World's Best Employer 2020'. The recognition is testimony to the NTPC's commitment towards inculcating best in class practices that are thoughtfully designed and robustly executed, the company said in a statement
Tube Investments reports PAT of Rs 101 cr in Q2, revenue of Rs 1,193 cr. TII's consolidated revenue for the quarter was Rs 1,193 crore as against Rs 1,247 crore in the corresponding quarter of the previous year
ONGC wins seven of 11 blocks, OIL the remaining four under OALP-V. OALP Round V is expected to generate exploration work commitment of 0-450 mn; the 11 blocks spread over 8 sedimentary basins include eight on-land, two shallow-water and one ultra-deepwater block
Indian Bank Q2 net at Rs 412 crore versus Rs 1,755 cr loss a year ago. Lender expect credit growth to be 8-10 % this fiscal
SBI card reports 46% decline in net profit at Rs 206 crore in Sept quarter. However, its total income during July-September 2020 rose 6 per cent to Rs 2,513 crore as against Rs 2,376 crore in the year-ago period, SBI Card said in a release
Tech Mahindra Q2 preview: Analysts see up to 14.7% YoY fall in net profit. Deal pipeline in telecommunication & enterprise segment, opportunities in 5G, are some of the key monitorables.
India's smartphone mkt sets qtr record; Chinese cos hold 76% share: Canalys. All the top five smartphone vendors - Xiaomi, Samsung, Vivo, Realme and Oppo- saw their shipment grow in the third quarter compared to the year-ago period
Liberty Steel begins operations; starts producing at Odisha's Adhunik plant. The restart has been achieved in just six months following intensive work to prepare the site for their return to steelmaking operations after the previous owner fell into administration."
Amazon's 'I Have Space' aids local stores expand business amid pandemic. In this process, Amazon India's 'I Have Space' (IHS) programme has played a major role with over 28,000 neighbourhood and kirana stores in nearly 350 towns and cities in the country
US sues Google: Biggest anti-trust case and what it means for the net giant. The lawsuit comes more than a year after the Justice Department and Federal Trade Commission began antitrust investigations into four big tech companies: Amazon.com, Apple, Facebook, and Google
Bajaj Auto net profit declines 22% to Rs 1,194 cr in September quarter. The two-wheeler major had posted a net profit of Rs 1,523.31 crore in the July-september period of previous fiscal
IOC Board to consider raising up to Rs 20,000 cr via bonds, debentures. The borrowing would be carried out in one or more tranches, the company said in a regulatory filing on Thursday
Unilever third qtr sales growth beats expectations led by emerging markets. By Martinne GelleSales in emerging markets rose 5.3 percent from the previous year, while developed markets rose 3.1 percent
Stride Ventures to fund 10-15 startups by March 2021 to complete 1st fund. Keen to promote venture debt as a significant tool for startups to access capital, Stride Ventures is planning to fund 10-15 companies over the next few months to complete its maiden fund. Stride Ventures has already sanctioned Rs 115 crore worth of debt f
Aurobindo Pharma gets USFDA nod for pain treatment injection Acetaminophen. Drug firm Aurobindo Pharma on Thursday said it has received final approval from the US health regulator for its generic Acetaminophen injection, used in the treatment of pain in adult and paediatric patients. The company has received the approval from the
Bajaj Auto Q2 PAT dips 22% YoY at Rs 1,194 crore; margin expands. The company's revenue fell 7.15 per cent YoY to Rs 7,155.86 crore, as against Rs 7,707.32 crore in Q1FY20
Dr Reddy's Labs isolates data centre services due to cyber attack. Dr Reddy's Laboratories on Thursday said it has isolated all data centre services following a cyber-attack
Ashok Leyland strengthens ICV segment with new BOSS LE & LX trucks. The two models are meant for a range of sectors like courier, poultry, white goods, agri-perishable, and e-commerce.
Volkswagen appoints Ashish Gupta as Brand Director for India operations. Volkswagen Passenger Cars India on Thursday said it has appointed Ashish Gupta as Brand Director for the Indian operations with effect from November 1. Gupta succeeds Steffen Knapp, who had been leading the Indian operations since August 2017. "Completing
Alembic Pharma JV gets USFDA nod for antifungal topical solution. Drug firm Alembic Pharmaceuticals said its joint venture firm Aleor Dermaceuticals has received final approval from the US health regulator for anti-fungal Tavaborole Topical Solution
Granules India gets USFDA approval for potassium chloride tablets. Drug firm Granules India said it has received marketing approval from the US health regulator for Potassium Chloride extended release tablets, used for treatment of patients with hypokalemia
Aurobindo Pharma arm's New Jersey unit gets warning letter from USFDA. Drug firm Aurobindo Pharma said its step-down subsidiary has received a warning letter from the US health regulator for its unit in New Jersey, US
Wipro, SAP collaborate to help organisations improve productivity. Wipro announced it has entered into an agreement with enterprise application software provider SAP to offer advanced customer-specific content and training assets and boost productivity.
Bajaj Auto Q2: Analysts see 10- 26% YoY dip in PAT; margin expansion likely. According to the company's monthly auto sales data, Bajaj Auto sold 10.53 lakh units during Q2FY21, down 10.2 per cent on YoY basis
DHFL's Wadhawan can't offer assets to banks for settlement: 63 Moons. 63 Moons had filed civil and criminal cases against DHFL and Wadhawans, accusing them of fraud and siphoning off money
Tech Mahindra unit to pick up stake in Texas-based VitalTech Holdings. IT major Tech Mahindra on Thursday said its US subsidiary will acquire 6.03 per cent stake in US-based VitalTech Holdings, Inc for million
Internet body asks digital sellers to bar credit to OnePlus, Oppo mobiles. Internet and mobile firms' body IAMAI has asked digital publishers to bar the credit extended to mobile phone companies OnePlus and Oppo Mobile, a source said
UCO Bank reports Rs 30-crore net profit in Q2, brings down bad loans. Interest income fell to Rs 3,614.61 crore during the quarter, compared with Rs 3,804.64 crore in the year-ago period.
Dr Reddy's Laboratories shuts all units after cyber attack on servers. Security breach comes days after firm got approval to conduct trials for Covid-19 vaccine candidate Sputnik V
HDFC Asset Management Q2 profit after tax falls 8% to Rs 338 crore. HDFC Asset Management Company (AMC) on Thursday reported a 8 per cent decline in profit after tax (PAT) at Rs 338.06 crore for the three months ended September 30.
Logistics service startup Pidge eyes expanding footprints beyond Delhi-NCR. The company claims to have completed 200,000 deliveries so far, as per a release
Crompton Greaves Consumer Electricals Q2 net up 28% to Rs 142 crore. The company had posted a net profit of Rs 110.88 crore in the July-September period a year ago, Crompton Greaves Consumer Electricals Ltd (CGCEL) said in a BSE filing
Demand-supply mismatch to boost profitability of bulk tea cos in FY21: Icra. Bulk tea companies are likely to see a significant improvement in profitability during the ongoing financial year due to rise in domestic prices on account of a noticeable supply-demand mismatch
L&T Finance Holdings Q2 net up 42% to Rs 248 cr despite higher provisioning. Provision coverage ratio rises to 69% from 54% a year ago
Govt seeks bids from property consultancy firms for monetising MTNL assets. The government has kick-started the process of monetising land assets of telecom firm MTNL and has sought bids from global property consultancy firms for managing the sale process
Reliance Power net profit jumps over two-folds to Rs 105.67 in Sept quarter. Reliance Power on Thursday posted an over two-fold rise in its consolidated net profit at Rs 105.67 crore in the September 2020 quarter, mainly due to higher revenues
Whatsapp to expand tie-up with biz solution providers, charge for services. In July, WhatsApp had said there are more than 15 million WhatsApp Business app users every month in India and 50 million globally
Ashok Leyland expects to boost market share in ICV segment. Ashok Leyland said it was looking to increase its market share in the intermediate commercial vehicle segment similar to the levels it has in medium and commercial vehicle, a company official said
Ambuja Cements reports 51% rise in net profit at Rs 804 cr in Sept qtr. The company, which follows January-December financial year, had clocked a net profit of Rs 533.85 crore in the year-ago period, Ambuja Cements said in a BSE filing
Wendt India reports net profit at Rs 2.79 crore in July-September. Wendt India Ltd on Thursday clocked consolidated net profits at Rs 2.79 crore for the quarter ending September 30, 2020
E-learning firm AhaGuru raises funds led by Anand Mahindra's family office. Several of AhaGuru's students have done well in competitive exams, says the release
Coal India's fuel allocation for non-power sector rises almost 6-fold in H1. State-owned Coal India Ltd's fuel allocation under the exclusive e-auction scheme for the non-power sector rose almost six-folds to 13.44 million tonnes (MT) in April-September this fiscal.
Bajaj Auto rides on Pulsar, KTM to soften pandemic blow on Q2 numbers. Brisk Pulsar 125cc sales cushion firms' margins, even as net profit dips 19% on lower volumes
Pernod Ricard records 13% decline in India sales in July-Sept due to Covid. Though demand improved in the July-September quarter in the Indian market in comparison to the preceding April-June period, an overall decline in sales was reported
Kalanithi Maran moves Delhi HC against non-payment of Rs 243 cr by SpiceJet. Seeks attachment of promoter Ajay Singh's shares; SpiceJet moves SC
Indian Bank posts Rs 412 cr net profit in Q2 on fee income, lower bad loans. State-run Indian Bank on Thursday reported a standalone profit after tax of Rs 412 crore in the quarter ended September, helped mainly by fee income, treasury profits and lower bad loans.
Swiggy says food delivery recovers to 85% of pre-Covid-19 order value. Food ordering platform Swiggy on Thursday said its pan-India food delivery has recovered to around 80-85 per cent of pre-COVID-19 order value.
Foreign investor holding in Reliance Industries rises to record 27.2% in Q2. Reliance Industries (RIL) on Thursday filed a statement showing the shareholding pattern for the quarter ended September 30
Equitas SFB IPO subscribed two times even as HNIs give offer a miss. Institutional investor portion was subscribed 3.8 times, while the retail investor portion was subscribed 2 times
ReNew Power's 5 mn offshore bond issuance oversubscribed six times. Company executives said this was also the cheapest bond offering by a renewable firm. The bonds were initially priced at 5.875%. When the rate was reduced to 5.375%, investors continued to book
Aurobindo Pharma tumbles over 3% after USFDA warning letter to subsidiary. Shares of Aurobindo Pharma on Thursday closed over 3 per cent lower after the company's step-down subsidiary received a warning letter from the US health regulator for its unit in New Jersey, US.
Effort is to create characters that will outlast you: Prime Video official. It is all about instinct and knowing whether a story is authentic and rooted so it can stand the test of time, says Aparna Purohit, head of India Originals at Amazon Prime Video
Liberty Steel restarts production at Adhunik facility, restores 1,500 jobs. Adhunik will transition into GREENSTEEL - a model combining steel recycling with low carbon and renewable power sources - to create a more sustainable competitive operation
SBI Cards profit drops 46% to Rs 206 cr in Q2, asset quality deteriorates. Interest income of the company grew 10 per cent to Rs 1,275 crore in the reporting quarter, compared to Rs 1,162 crore in the corresponding quarter last financial year
Renault expands sales network, adds 34 sales, service outlets in 2 months. This marks a total of more than 90 new touchpoints that the company has added across India in less than a year, Renault India said in a statement
IPOs come out of deep freezer as market revives, liquidity eases. More cos could join Burger King, Antony Waste in giving listing another shot
Bajaj Finance Q2 profit down 36% to Rs 877 crore on increased provisioning. The Pune-headquartered company said new loans booked during the second quarter dropped 44 per cent to 3.61 million
43% small businesses plan to hire women in the next 6 months: Survey. Covid-19 has caused 78% of small businesses in India to reduce their workforce in the last 8 months, according to the LocalCircles survey
HUL's Q2 revenue, net profit rise as business back to normal level. A poll of analysts done by Bloomberg had pegged the firm's net profit at Rs 1,915 crore
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