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Here’s a look at buzzing stocks for trade on September 3
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Here’s a look at buzzing stocks for trade on September 3
Sep 2, 2020 10:58 PM

The Indian market is likely to open higher Thursday following a positive trend in global peers. At 7:55 am, the SGX Nifty was trading 25.50 points or 0.22 percent higher at 11,585.50, indicating a positive start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. IndusInd Bank:

The bank will allot 4.76 crore shares at Rs 524 apiece aggregating to Rs 2,495.8 crore via on a preferential basis to qualified institutional buyers.

2. Coal India: The company’s net profit in Q1FY21 fell 55.1 percent to Rs 2,077.5 crore from Rs 4,630 crore while revenue declined 25.9 percent to Rs 18,486.8 crore from Rs 24,939 crore, YoY. EBITDA decreased 52.8 percent to Rs 3,051.7 crore and EBITDA margin contracted by 1000 bps to 16.5 percent, YoY.

3. Aviation stocks: InterGlobe Aviation, SpiceJet will be in focus after the government allowed airlines to operate with 60 percent capacity in the domestic segment.

4. Sterlite Technologies: Anupam Jindal has resigned as Chief Financial Officer of the company.

5. Edelweiss Financial Services: Ontario Teachers has partnered with Edelweiss Alternative Asset to invest $350 million in the Indian private credit market.

6. DHFL: An initial audit carried out on the company has found over Rs 17,000 crore were siphoned off from its accounts between 2006 and 2019.

7. Dish TV India: The company reported net profit of Rs 75.94 crore in Q1FY21 as against a loss of Rs 31.98 crore and revenue of Rs 835.58 crore as against Rs 926.30 crore, YoY.

8. Infibeam Avenues: The company’s net profit in Q1FY21 fell to Rs 11.9 crore from Rs 28 crore and revenue declined to Rs 102.66 crore from Rs 185.5 crore, YoY.

9. Engineers India: The company has received an order worth Rs 450 crore from GAIL India.

10. Kalpataru Power Transmission: The company has incorporated a wholly-owned subsidiary in Senegal to foray into the transmission and distribution and railways business.

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