Stocks In the News: Check out the companies making the biggest headlines before the opening bell.
Results on August 10: Zomato, Coal India, Lupin, Power Grid Corporation of India, Aarti Surfactants, Ahluwalia Contracts (India), Aarey Drugs & Pharmaceuticals, Ashoka Buildcon, Balaji Telefilms, Mrs Bectors Food Specialities, Brookfield India Real Estate Trust REIT, Computer Age Management Services, Capacite Infraprojects, Century Plyboards, Chalet Hotels, Cochin Shipyard, Deepak Fertilisers, Eveready Industries, Galaxy Surfactants, Godrej Agrovet, Heranba Industries, Infibeam Avenues, IRB Infrastructure Developers, Jindal Steel & Power, Krishna Institute of Medical Sciences, Linde India, Manappuram Finance, Max Financial Services, Motherson Sumi Systems, Prestige Estates Projects, Pricol, Reliance Infrastructure, Sequent Scientific, Siemens, Spencers Retail, Trent, Tata Teleservices (Maharashtra), Whirlpool of India, and Wonderla Holidays will release quarterly earnings on August 10.
Glenmark Life Science: Polar Capital Funds Plc – Healthcare Opportunities Fund acquired 8.36 lakh equity shares in the company at Rs 732.55 per share on the NSE, the bulk deals data showed.
Mukand: Rajesh V Shah and his family members, Suketu V Shah and his family members, Isarnan Steel & Minerals, and Sidya Investments have collectively sold and transferred 2,34,25,628 equity shares of Mukand (or 16.57% of paid up equity), to Bajaj Sevashram, Bachhraj & Company, Bachhraj Factories and Sanrajnayan Investments in an inter-se transfer of shares between the promoter group entities of the company.
Rolex Rings: HSBC Pooled Investment Fund-HSBC Pooled Asian Equity Fund acquired 1,44,823 equity shares in the company at Rs 1,250 per shares on the NSE, the bulk deals data showed.
Quess Corp: Smallcap World Fund Inc bought 41,30,467 equity shares in the company at Rs 900 per share, whereas Ajit Isaac sold 20 lakh shares at Rs 900 per share and Fairbridge Capital (Mauritius) sold 30 lakh shares at Rs 899.99 per share on the BSE, the bulk deals data showed.
Reliance Industries: Reliance New Energy Solar, a wholly-owned subsidiary of Reliance Industries, along with strategic investors Paulson & Co. Inc. and Bill Gates, and a few other investors, announced an investment of USD 144 million in Ambri Inc, an energy storage company based in Massachusetts, USA. (Disclaimer: MoneyControl is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.)
Zeal Aqua: TCG Funds Fund 1 bought 1.26 lakh equity shares in the company at Rs 158 per share on the BSE, the bulk deals data showed.
Bombay Dyeing: The company reported consolidated loss at Rs 107.9 crore in Q1FY22 against loss of Rs 129.1 crore in Q1FY21, revenue jumped to Rs 380.8 crore from Rs 91.2 crore YoY.
Shree Cement: The company reported sharply higher profit at Rs 661.7 crore in Q1FY22 against Rs 370.8 crore in Q1FY21, revenue jumped to Rs 3,449.5 crore from Rs 2,332.4 crore YoY.
Gati: The company reported consolidated loss at Rs 25.22 crore in Q1FY22 against loss of Rs 35.24 crore in Q1FY21, revenue increased to Rs 290.24 crore from Rs 157.95 crore YoY.
Motilal Oswal Financial Services: ICRA upgraded the credit rating on long term debt instruments of Motilal Oswal Home Finance, a material subsidiary of the company to ‘AA-/Stable’ from ‘A+/Stable’.
Texmo Pipes and Products: The company has received orders from multiple contractors of HDPE Pipes worth Rs 121.59 crore to be executed within 6-7 months.
Timken India: The company reported higher profit at Rs 56.72 crore in Q1FY22 against Rs 3.15 crore in Q1FY21, revenue jumped to Rs 467.85 crore from Rs 160.23 crore YoY.
Vakrangee: The company launched complete travel services across its platform.
Tata Investment Corporation: The company reported higher consolidated profit at Rs 53.89 crore in Q1FY22 against Rs 18.40 crore in Q1FY21, revenue jumped to Rs 61.90 crore from Rs 30.90 crore YoY.
Gujarat Hotels: The company has received the resignation from Mayur Agarwal, stepping down as the Chief Financial Officer with effect from close of business hours on August 14.
