The domestic market tends to open on a hot record on Wednesday because SGX Nifty trades 34 points at 17,785 at around 8:30 a.m. Here are the top stocks to be tracked in today’s session:
Consumer Godrej: FMCG Major Godrej Consumer Products Ltd. (GCPL) on Tuesday said it expects to provide “high sales growth” on the basis of consolidation in the July-September period. During the quarter, the demand for trends in the category in key countries operating remains stable, he added. However, GCPL estimates the operating margin to contract during the quarter.
Canara Bank: State-owned Canara Bank on Tuesday announced cuts of points of up to 15 bases in marginalized costs from fund-based loan interest rates (MCLR). The bank has decided to reduce MCLR for one year tenor of 10 basis points to 7.25 percent effective starting October 7.
Hinduja Global: AASIA Corporation LLP, promoter Hinduja Global Solutions Ltd, and ASIA exports have lowered the company’s shares worth more than Rs 102 Crore through open market transactions.
CIL: State-owned Cil on Tuesday said the council had given the principle approval to the pre-eligibility report to establish an integrated aluminum Greenfield project in Odisha.
Marico: By reducing the Covid-19 case and the acceleration of drive vaccination that leads to an increase in the level of mobility that drives demand trends, FMCG Major Marico on Tuesday saying its income growth in the quarter ended September 30 2021, in the “low twenties”.
IDFC’s first bank: The bank has posted a growth of 9.75 percent in progress in Rs 1.17,243 Crore for the second quarter which ended September 30, 2021. The gross-funded asset reached Rs 1,06,828 Crore at the end of the second quarter 2020-21, he said in submission regulation.
Zeel: National Law of Court Law (NCLT) on Tuesday directed the Zee entertainment company to submit a reply to the petition submitted by Investco and Ofi Global China on Thursday. Tribunal said the problem of disputes was simple – whether the demand for the public meeting (EGM) was extraordinary or not and could not provide Zee ‘week and week’ entertainment to submit the same answer.
Vedanta: Vedanta Group will bid to buy government shares in Hindustan Copper Ltd when the state-owned company is prepared for privatization, the founder of the agarwal announcer billionaire.
Retail of the Future: The company stopped the Master Franchise Agreement with 7-Eleven stores, citing the inability to meet the opening shop target and payment of franchisee fees.
Phillips Carbon Black: The company closes quality institutional placement problems and collects Rs 400 Crore by publishing more than 1.63 crore shares at Rs 244 per share.
Mtar Technologies: Crisil Upgrade credit rating on the company’s long-term bank facilities for A- / stable from BBB + / positive, and short-term bank facilities to A2 + from A2.
