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    Stocks in the news: RIL, SBI, Rallis, Deepak Spinners and Indian Bank

    Synopsis

    Indraprastha Gas, JSW Energy, Hindustan Copper, Finolex Industries, PNC Infratech, Godfrey Phillips, Railtel and Barbeque Nation will announce their March quarter results today.

    Bombay Stock Exchange (BSE) in MumbaiReuters
    Stocks in the buzz: Reliance Industries, State Bank of India, Bank of Maharashtra, Indian Bank, PTC India, LIC Housing Finance, Majesco and others
    Nifty futures on the Singapore Exchange traded just 11 points, or 0.07 per cent higher at 15,849, signaling that Dalal Street was headed for a muted start on Friday. Here are a dozen stocks which may buzz the most in today's trade:

    IGL, JSW Energy, Hindustan Copper: Indraprastha Gas, JSW Energy, Hindustan Copper, Finolex Industries, Shree Renuka Sugars, PNC Infratech, Godfrey Phillips, Railtel Corporation of India, Barbeque Nation, Forbes & Company, Balmer Lawrie and Inox Winds are among the companies that will announce their March quarter results today.

    Reliance Industries: The Oil-to-telecom behemoth held its 44th annual general meeting (AGM), in which it presented the roadmap of future. It unveiled their own green energy plans, investment of Rs 75,000 crore to transition itself into a full-fledged green company, 4G enabled smartphone, Saudi Aramco deal and growth of retail business.

    State Bank of India: India's largest PSU lender has launched the Aarogyam healthcare business loan. Under this new product, entire healthcare ecosystem such as hospitals, nursing homes, diagnostic centres, pathology labs, manufacturers, suppliers, importers, logistic firms engaged in critical healthcare supply can avail of loans up to Rs 100 crore repayable in 10 years.

    LIC Housing Finance: The life insurance major LIC will infuse equity capital worth about Rs 2,334.70 crore in its subsidiary LIC Housing Finance by picking up an additional stake in the company. LIC Housing Finance will issue shares at Rs 514.25 apiece to its promoter Life Insurance Corporation of India (LIC) on a preferential basis.

    Bank of Maharashtra: The state-owned lender received shareholders' approval to raise up to Rs 5,000 crore equity capital through various modes, including rights issue and preference issue. The shareholders approved the proposal at the bank's annual general meeting (AGM) held on June 24.

    Indian Bank: The PSU lender said it has raised Rs 1,650 crore through the QIP launched earlier this week. In March this year, the committee of directors of capital raising of the bank (committee) had accorded approval for raising equity capital aggregating up to Rs 4,000 crore through QIP in one or more tranches.

    PTC India: The electric utilities firm posted a nearly 4 per cent increase in consolidated net profit at Rs 49.77 crore for the March quarter, helped by higher revenues. Consolidated net profit of the company stood at Rs 47.96 crore in the quarter ended March 31, 2020.

    Union Bank of India: The state-owned lender has raised Rs 850 crore by issuing Basel-III-compliant bonds on a private placement basis. The bank has allotted Basel-III-compliant tier-II bonds, which are in the nature of debentures eligible for inclusion in tier-II capital, aggregating to Rs 850 crore.

    Rallis India: The subsidiary of Tata Chemicals is planning to enhance manufacturing capacities as well as build a new integrated research development center, and is in the process of launching new products.

    Future Retail: Future Retail Ltd on Thursday sought extension of time till July 31, 2021 to file its results for the quarter and year ended March 31, 2021. In order to safeguard its employees, it has not yet completely started its key offices in Mumbai, Future Retail Ltd said in a filing to the stock exchanges.

    Deepak Spinners: Renowned investor Dolly Khanna bought 76,555 shares of Deepak Spinners at Rs. 167.2 apiece through a bulk deal on BSE.

    Sharda Motor Industries: The auto equipment firm and Kinetic Green Energy & Power Solutions Limited, a Kinetic Group company, have entered a joint venture (JV) agreement, to develop Battery Packs with Battery Management Systems (BMS) for electric Vehicles & stationery applications.

    Bodal Chemicals: The company reported consolidated profit at Rs 21.73 crore in Q4FY21 against Rs 25.84 crore in Q4FY20, revenue rose to Rs 432.73 crore from Rs 368.47 crore YoY.

    Majesco: Promoter Aurum Platz IT Pvt Ltd acquired 14.31% stake in the company via off market transaction, taking total shareholding to 34.57% from 20.26% earlier.



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