Stocks in the News (21 Aug):
Indian Overseas Bank (IOB) reported a net profit of Rs 121 crore for June quarter 2020 against a net loss of Rs 342.08 crore for the same quarter a year ago, primarily on fall of bad loans. NII at Rs 1,412.32 crore versus Rs 1,288.46 crore YoY.
Bharti Infratel , Zee Entertainment Enterprises, SBI Life and Divi’s Lab – SBI Life Insurance and Divi’s Laboratories will enter benchmark index Nifty 50 from September 25, NSE Indices, a subsidiary of the National Stock Exchange, said on Thursday. Bharti Infratel and Zee Entertainment Enterprises will be dropped from the Nifty 50, NSE Indices said in a statement.
Future Enterprises Ltd (FEL) – The Company board likely to discuss on Saturday the proposal to merge other listed group entities, such as Future Lifestyle, Future Retail, and Future Supply Chain Solutions, with itself.
Wipro set up blockchain-based gas trading platform for Uniper Global Commodities SE.
MOIL reported Profit at Rs 1.88 crore for Q1FY21 versus Rs 90.7 crore for Q1FY20, revenue at Rs 152.3 crore versus Rs 280 crore YoY.
JSW Energy promoter Glebe Trading Pvt Ltd created a pledge on 84 lakh shares.
JSW Steel promoter Danta Enterprises Pvt Ltd created a pledge on 21 lakh shares.
Jindal Steel & Power promoter Danta Enterprises Pvt Ltd created a pledge on 5.5 lakh shares.
GMM Pfaudler signed definitive agreements to acquire a majority stake (54%) in the global business of the Pfaudler Group from Pfaudler UK.