The Indian market is likely to open lower on Thursday following losses in Asian peers as the recent rise in coronavirus cases weighed on investor sentiment and the India-China border tensions continue. At 8:10 am, the SGX Nifty was trading 58.65 points or 0.60 percent lower at 9,791.50, indicating a negative start for the Sensex and Nifty50.
Here are the top 10 buzzing stocks for today:
1. Telecom Companies:
Bharti Airtel and Vodafone Idea will be in focus as the Supreme Court will hear the AGR case today.
2. HDFC Asset Management Company: The offer for sale to non-retail investors has been subscribed 2.7 times.
3. Muthoot Finance: The company reported 52.4 percent rise in Q4FY20 net profit at Rs 835.78 crore from Rs 548.56 crore, YoY, due to higher demand for gold loans.
4. DCB Bank: The bank said that the amount in overdue categories, where the moratorium was extended as on March 31, 2020 was Rs 1,908.08 crore. As on May 31, 2020, the amount stands reduced to less than Rs 710 crores.
5. India Cements: The company has clarified that reports of Radhakishan Damani considering taking control of the company are factually incorrect.
6. JK Cement: The company reported Q4FY20 profit at Rs 164.13 crore versus Rs 137.89 crore while revenue at Rs 1,545.65 crore versus Rs 1,564.55 crore, YoY.
7. Indraprastha Gas: The company’s net profit in Q4FY20 fell 2.2 percent to Rs 290.8 crore from Rs 297.4 crore in the previous quarter. Revenue declined 6.7 percent QoQ to Rs 1,552.5 crore.
8. Fortis Healthcare: The company reported loss of Rs 41.2 crore in Q4FY20 as against profit of Rs 151.2 crore, YoY. Revenue fell 6 percent on-year to Rs 1,112.9 crore.
9. Pidilite Industries: The company’s net profit in Q4FY20 fell 33.9 percent to Rs 156.5 crore from Rs 236.9 crore while revenue declined 5.8 percent to Rs 1,544.7 crore from Rs 1,639.3 crore, YoY.
10. Karnataka Bank: The bank in association with Universal Sompo General Insurance has launched a special health insurance policy to cover the uncertainties posed by COVID-19.