Corporate News

Stocks to Watch: Reliance, Titan, L&T Finance, IndusInd Bank, Dr Reddy's

30 Apr , 2021   By : Kanchan Joshi

Stocks to Watch: Reliance, Titan, L&T Finance, IndusInd Bank, Dr Reddy's

NEW DELHI: Here are the top 10 stocks that could be in news today:

Reliance Industries: The Mukesh Ambani-led company will declare its March quarter earnings on Friday. The company had posted a consolidated net profit of Rs14894 crore, up 25.8% for the fiscal third-quarter ended December.

Titan: The company's net profit rose by 49% YoY to Rs529 crore. Revenue for the quarter came at Rs7,135 crore, up 61%. The board has recommended a dividend of Rs4 per equity Share of Re. 1 each of the company.

L&T Finance: The shadow lender reported a fall of 30.89% in consolidated net profit at Rs267 crore for the quarter ending 31 March. The NBFC’s total income during the quarter advanced to Rs3,587.18 crore from Rs3427.22 crore in the year-ago quarter. The rural finance book grew by 9% year-on-year.

Indusind Bank: The private sector lender will report its March quarter earnings today. The bank had reported a 34?ll in its standalone net profit to Rs852.76 crore for the quarter ended December on higher provisions.

Dr Reddy's Laboratories: The Hyderabad-based drug major has launched generic Albendazole tablets, used in the treatment of a variety of parasitic worm infestations, in the US market. The product is a generic version of GlaxoSmithKline's Albenza tablets (200 mg).

Ujjivan Financial Services: Minority shareholders have rejected a special resolution to appoint founder and chairman Samit Ghosh as MD & CEO of the company with only 70.5% votes received in favour. The special resolution needed 75% votes to be passed. Shareholders also rejected reappointment of Abhijit Sen as an independent director for five years.

Manappuram Finance: The second largest gold loan company in the country, is toying with the idea of hiving off and taking its microfinance arm Asirwad Microfinance public within a year, a top company official told PTI.

Wipro: The IT company has strengthened its alliance with Citrix Systems, Incand Hewlett Packard Enterprise (HPE). The partnership will provide enterprises a robust solution that will accelerate remote working and bring modernization into workspaces.

Union Bank of India: The Board at its meeting on 29 April considered and approved the extension of validity of the bank's existing capital raising plan FY2020-21 till 31 July or new capital raising plan, whichever is earlier.

Persistent Systems: The company has reported a profit of Rs137.7 crore in Q4 against Rs120.9 crore in Q3. Revenue rose to Rs1,113.3 crore from Rs1,075.4 crore QoQ.

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