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Stocks in the News (02 Sep):
Coal India recorded 7% YoY growth in coal production in
August. August provisional offtake rose to 44.3 million tonnes versus 40.6
million tonnes YoY.
Vodafone Idea Company
board scheduled to hold a board meeting on September 4 to consider raising of
funds via QIP, and other instruments.
Infosys would
hire 12,000 local Americans in the US, over the next two years. Company
increased US hiring commitment to 25,000 by 2022.
TVS Motor registered
a sales growth of 14% in August 2020 with 2.87 lakh units as against 2.53 lakh
units in July 2020 and 2.90 lakh units in August 2019.
Indian Oil – The company
board has approved an investment of nearly Rs 1,268 crore for setting up a
needle coker unit at the firm’s Paradip refinery in Odisha.
ONGC – Oil and
Natural Gas Corp (ONGC) reported 92% drop
in its June quarter net profit after oil prices halved and gas rates fell to a
decade low.
Hero MotoCorp reported a 7.55% increase in sales in August
at 5.84 lakh units, compared to the corresponding month last year.
Indiamart Intermesh
has divested 70% stake in the equity share capital of Ten Times Online.
Max Healthcare –
The company’s Board approved raising up to Rs 1,200 crore via QIP and Rs 550
crore via NCDs.
Financial stocks
– The Supreme Court will decide on moratorium interest waiver issue today. The
Centre and the Reserve Bank of India (RBI) informed the Supreme Court on
Tuesday that the moratorium on repayment of loans must be extendable to two
years under certain conditions. And, the sectors most distressed by the
economic slowdown are being identified.
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