Stock Chalet Hotels, Abbot India, Titan, Inox Leisure, Coromandel Engineering Company, PVR and Themis Medicare are among 19 companies that are listed to announce their March quarter earnings today.
Moreover, Nifty futures on Singaporean Exchange were trading 90 points or 0.88% higher. At 10,269, indicating a strong start for the BSE Sensex and Nifty 50. Government opening hotels, malls, restaurants and temples will likely boost stock trading and investor sentiment. Firstly, on Friday, foreign institutional investors (FIIs) bought shares worth Rs 97.61 Crore. Secondly, domestic institutional investors (DIIs) sold shares worth Rs 47 Crore on a net basis. Stated the provisional data available on the NSE. “Investors need to be a bit cautious since valuations are running high. The expected recovery is not yet visible in the numbers,” said Vinod Nair, Head of Research at Geojit financial services.
Reliance Industries Limited
After investment stake deal with ADIA, RIL has a funding tally to Rs 97,885 Crore. Lest, Abu Dhabi Investment Authority bought 1.16 %stake in Jio Platform for Rs 5,683 Crore. Moreover, US private equity firm Silver Lake has invested an additional Rs 4,546 Crore. In order, to raise its stake in the firm Jio Platforms to 2.08 %.
Induslnd Bank
The promoters of the bank, plan to acquire shares of the bank from the secondary market. The promoters, IndusInd International Holdings Ltd. and IndusInd Ltd., currently hold 14.68 per cent of the paid-up share capital of the bank. IndusInd Bank informed the stock exchange on June 7.
Indian Oil
Prices were hiked by 60 paise per litre for Petrol and diesel. Firstly, on Sunday, as the state-owned oil firms restarted daily price revisions after an 82-day hiatus. Also, OPEC and allies, along with Russia on Saturday agreed to extend record oil production cuts until the end of July. Oil prices surged over 2 per cent on Monday.
Larsen & Toubro Limited
L&T reported a decline of 6% in net profit on a year-on-year basis for the quarter ended March 31, 2020. The company’s Ebitda stood at Rs 5,120 Crore.
