Stocks in the News (11 Aug):
Titan Company – Hit by the lockdown and disruptions caused by the Covid-19 pandemic, Titan posted a Loss at Rs 270 crore in Q1 FY2021 versus profit at Rs 371 crore in Q1 FY2020, revenue at Rs 1,862 crore versus Rs 4,939 crore YoY.
Bank Of Baroda reported Loss at Rs 864.3 crore for the Q1 FY21 versus profit at Rs 709.6 crore for Q1 FY20, NII at Rs 6,816.1 crore versus Rs 6,496 crore YoY.
Interglobe Aviation Ltd (IndiGo) will raise up to Rs 4,000 crore ($533.70 million) through the sale of shares to institutional investors, as it looks to manage cash during the Covid-19 pandemic which has hit its operations.
KEC International reported a net profit of Rs 71 crore against Rs 89 crore in the year-ago period. Revenue stood at Rs 2,207 crore against Rs 2,412 crore in Q1FY20.
HEG reported Profit at Rs 14.33 crore in Q1 FY21 versus Rs 243.47 crore in Q1FY20, revenue at Rs 233.3 crore versus Rs 816.5 crore YoY.
Cupid received US FDA 51 0(k) approval for additional four variants of Male Natural Rubber Latex Condoms in addition of approval for one variant already obtained by the company, to market these products in US market.
Parag Milk Foods -Stichting Depositary APG sold 2.2% stake in company on August 6.
Shree Cement reported Profit at Rs 370.8 crore for Q1 FY21 versus Rs 363 crore for Q1 FY20, revenue at Rs 2,325.8 crore versus Rs 3,036.41 crore YoY.