Stock in the news: HDFC, Maruti, SBI Cards, Panacea Biotec, HDFC Bank, Marico, Adani Ports, YES Bank
Indian stock markets Sensex and Nifty are expected to continue losing a streak on Tuesday, following weak Asian market indices and Nifty futures trading on the Singapore Stock Exchange. Among individual stocks, stocks of HDFC, Maruti Suzuki, SBI Cards, Panacea Biotec, Marico, Sobha, JSPL, Adani Ports, HDFC Bank, YES Bank, Bank of India, will be the focus of Tuesday’s trading session.
Actions to watch today: Here is a list of the main actions that could be highlighted.
HDFC: Mortgage lender HDFC will acquire a 9.90 percent stake in Kerala-based infrastructure fund management company KIFML. In an exchange filing on Monday, the company said it had invested in 3,88,303 shares of Rs 10 each of Kerala Infrastructure Fund Management Limited, representing 9.90% of its issued share capital on a private placement basis.
Maruti Suzuki: The country’s largest automaker, Maruti Suzuki India, said on Monday that its total production in March 2021 increased significantly to 1,723,433 units from the same month last year. The auto major produced a total of 92,540 units during the period last year, Maruti Suzuki India (MSI) said in a regulatory filing.
HDFC Bank: The private sector lender said its advances increased 13.9% to around Rs 11.320 billion as of March 31, 2021, from more than Rs 9.937 billion a year ago. On a sequential basis, its advances have increased by approximately 4.6% from 10.823 billion rupees as of December 31, 2020.
SBI Cards: SBI Cards and Payment Services (SBI Card) has appointed former Managing Director and CEO Ashwini Kumar Tewari as appointed director on its board with immediate effect.
Bank of India: Bank of India has called an extraordinary general meeting (EGM) of shareholders to ask for a nod to the allocation of preferred shares to the government for Rs 3,000 crore.
Cadila Health: The drug maker has applied for approval from the Comptroller General of Drugs of India (DGCI) for the reuse of the hepatitis drug PegiHep in hospitalized COVID-19 patients.
Marico: FMCG major has updated its overall summary of operating performance and demand trends for the March quarter. The India operations recorded double-digit volume growth. The company, however, has maintained its cautiousness amid the recent spike in COVID-19 cases in the country.
Panacea Biotec: The drugmaker has signed a pact with the Russian Direct Investment Fund (RDIF) to produce 100 million doses per year of the Sputnik V COVID-19 vaccine in India.
Bharti Airtel, Apollo: Bharti Airtel has partnered with the Apollo 24/7 health app to offer a wide range of online health services to its customers as part of their exclusive Thanks benefits.
Port of Adani: The company has signed a pact with Vishwa Samudra Holdings Pvt. Ltd, to acquire 25% of the capital of Adani Krishnapatnam Port Ltd (Krishnapatnam Port) for Rs 2,800 crore.
YES Bank: The private lender released its fourth quarter activity update on Monday. YES Bank loans and advances edged up 0.8% to Rs 172,850 crore as of March 31, 2021, from Rs 171,443 crore a year ago. On a quarterly basis, it increased 1.8% from Rs 169,721 as of December 31, 2020.