Latest Zeel News
Aug 28, 2020
Nifty futures on the Singapore Exchange traded 16.50 points, or 0.14 per cent higher at 11,614.50, in signs that Dalal Street was headed for a positive start on Friday. Here are a few stocks which may buzz the most in today’s trade: Zee Entertainment Enterprises: Media firm Zee Entertainment Enterprises ( ZEEL ) expects a moderate growth in its subscription revenue although its overall advertising revenue is likely to fall this fiscal, according to the company’s annual report. Edelweiss Financial Services: Pacific Alliance Group (PAG) has agreed to buy the wealth management and capital markets business of Edelweiss Financial Services that also includes investment banking, its first large deal in the country after setting up local base in 2019. GMR Infrastructure: GMR Infrastructure’s consolidated net loss for the quarter ended June 30 more than doubled to nearly Rs 834 crore against Rs 336 crore loss in the January-March period in FY20. IOC: State-owned Indian Oil Corp (IOC) on Thursday said it is investing Rs 14,800 crore in expanding the capacity of its Barauni refinery in Bihar as part of over 2,800 projects being executed under the Aatmanirbhar Bharat campaign to boost domestic manufacturing and create jobs. PNB Housing Finance: PNB Housing Finance might have to reduce the auction price of 19.24 acres of land and 138 unsold units of a Gurugram-based project owned by Vipul Ltd further as it failed to find a bidder even at 75% value of the property. JSW Steel: Amid rising demand for anti-bacterial range of products, JSW Steel has rolled out a new product segment, JSW Radiance, colour-coated steel and coils with properties like anti-microbial & anti-dust. NMDC: The state owned mining major reported a 55 per cent decline in net profit at Rs 533 crore for Q1 FY21 against Rs 1,179 crore during Q1 of FY20. Thejo Engineering: A clutch of investors led by Porinju Veliyath’s Equity Intelligence India lapped up shares of small cap Thejo Engineering, while India Opportunities Fund continued to offload its stake in the company. Liberty Shoes: Equity Intelligence India sold 1,91,499 shares of Liberty Shoes at Rs 172.55 per share. Mahindra & Mahindra: The farm equipment maker said it has launched multi-purpose vehicle Marazzo with BS-VI compliant diesel engine at a starting price of Rs 11.25 lakh (ex-showroom). Tata Motors: The auto maker said its entire BSVI-compliant range of commercial vehicles is equipped with technological and performance upgrades that generate higher revenue and profits for transporters through higher fluid efficiency. Ceat: Westbridge Crossover Fund sold 4,07,419 shares of Ceat at Rs 950 per share. It held 3.51 per cent stake in the company at the end of June. Aarti Surfactants: Padmika Projects bought 43,167 shares of Aarti Surfactants at Rs 563.05 per share. Archies, Inox Wind, Khadim India, Patel Engineering: These companies are slated to announce their June quarter earnings on Friday.