Stocks in news: RIL, Hindalco, PNB Housing, Grasim, Tata Steel

Extending the falling streak to the third day in a row, equity markets fell in a volatile trade on Tuesday amid uncertainty ahead of Lok Sabha election results. In today's trade, shares of IRCTC, Hindalco, among others will be in focus due to various related developments or quarterly earnings.

IRCTC
State-run Indian Railway Catering and Tourism Corporation (IRCTC) reported a consolidated profit after tax (PAT) of Rs 284 crore, which was up 2% year-on-year.

Hindalco
Hindalco Industries arm Novelis has filed to offer 45 million shares in the US initial public offering (IPO) and has set a price range at $18-21 per share, according to reports.

Read more: Here's the trade setup for today's session

PNB Housing Finance
PNB Housing Finance could see a block deal of Rs 500 crore in the coming days with information on the sellers of the stake not disclosed yet, according to reports.

Grasim
Promoter Birla Group Holdings (BGHPL) has increased its stake in the company by 4.08%, taking the total stake to 23.18% currently.

City Union Bank
The Reserve Bank has approved the appointment of R Vijay Anandh as whole-time director and executive director of the bank for a period of 3 years.

Aditya Birla Fashions
ABFRL posted a net loss of Rs 266 crore in the March quarter. Revenue from operations was at Rs 3,407 crore.

RIL
Reliance Industries has signed a one-year deal with Russia's Rosneft to buy at least 3 million barrels of oil a month in roubles, Reuters reported.

Canara Bank
The Board of Canara Bank will meet on May 31 to consider a fundraising plan for FY25.

Tata Steel, Cummins India, Samvardhana, Alkem Labs, SJVN
Shares of Tata Steel, Cummins India, Samvardhana, Alkem Labs and SJVN will be in focus as the companies will announce their fourth quarter results today.