Stocks in the news: Axis Bank, Maruti Suzuki, IRCTC, Lupin, HUL and IndiGo

Stocks in the news: Axis Bank, Maruti Suzuki, IRCTC, Lupin, HUL and IndiGo

Nifty futures on the Singapore Exchange traded 112 points, or 0.80 per cent, lower at 13,914, in signs that Dalal Street was headed for a gap-down start on Thursday. Here are a few stocks which may buzz the most in today’s trade:

Maruti Suzuki, IRCTC: Maruti Suzuki, IRCTC, Pidilite Industries, Indus Towers, InterGlobe Aviation, Lupin, Colgate Palmolive, United Breweries, Bharat Electronics, IDBI Bank, Laurus Labs, Aarti Industries, AU SFB and Shriram Transport are among companies which will announce their December quarter results on Thursday.

Axis Bank: The country’s third largest private sector lender Axis Bank on Wednesday reported a 29 per cent decline in December quarter consolidated net at Rs 1,334 crore, and reported a spike in non-performing assets from the retail assets side.

HUL: FMCG major Hindustan Unilever is raising prices of its skin cleansing products by 2.5 per cent, to ward off inflationary pressures, said a senior company official.

Quess Corp: The company reported a 39 per cent decline in net profit to Rs 46 crore during the quarter to December. The largest private sector staffing company reported a near 5 per centdrop in revenue to Rs 2808 crore during the third quarter.

SBI Card: Managing Director and CEO Ashwini Kumar Tewari has resigned pursuant to his appointment as MD of State Bank of India.

ICICI Prudential: The private sector life insurer reported a marginal 1.3 per cent growth in net profit at Rs 306 crore for the three months to December on higher tax outgo, which whittled down the massive investment gains. But the management said the higher tax outgo was expected following changes in the dividend distribution tax last year.

Union Bank: State-owned Union Bank of India said it will raise Rs 205 crore by issuing Basel III compliant bonds later this week. The bank is issuing Basel III compliant perpetual debt instruments in the nature of debentures on private placement basis, Union Bank of India said in a regulatory filing.

HCL Tech: IT services major HCL Technologies said it has partnered with University of California, Berkeley to create a Health Technology Collaborative Laboratory (CoLab).

United Spirits: Diageo-controlled liquor maker United Spirits reported a 20.82 per cent rise in consolidated net profit at Rs 280.3 crore for the third quarter ended December 2020.

Bank of India: State-run Bank of India on Wednesday said it has raised Rs 750 crore by issuing Basel III compliant bonds. “Bank of India has raised Rs 750 crore via Basel III compliant additional tier 1 (AT-1) bonds on January 27, 2021 on private placement basis,” the bank said in a release.

Canara Bank: State-run Canara Bank reported a 9 per cent decline in its standalone net profit to Rs 696 crore on higher provisioning.

Hero MotoCorp: The country’s largest two-wheeler maker Hero MotoCorp said it will soon commence its operations in Mexico in line with its global expansion strategy.

JK Paper: JK Paper reported a decline of 51 per cent in its consolidated net profit at Rs 64.59 crore for the third quarter ended December. The company had posted a net profit of Rs 131.85 crore in the October-December quarter a year ago, JK Paper said in a regulatory filing.

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