Buzzing Stocks: Bata India, Global Spirits, Eicher Motors and other stocks in news today

Buzzing Stocks: Bata India, Global Spirits, Eicher Motors and other stocks in news today

Results on August 12 | Tata Steel, Eicher Motors, Hero MotoCorp, Aurobindo Pharma, BPCL, Oil India, Ashok Leyland, Bharat Forge, Ansal Properties & Infrastructure, Apollo Micro Systems, Ashapura Minechem, Avanti Feeds, Clariant Chemicals (India), Dishman Carbogen Amcis, Dish TV India, Engineers India, Finolex Cables, Gujarat Pipavav Port, GR Infraprojects, HCC, HealthCare Global Enterprises, HUDCO, Ind-Swift Laboratories, IRCON International, IRCTC, JB Chemicals, KNR Constructions, Matrimony.com, Max India, Mazagon Dock Shipbuilders, Mishra Dhatu Nigam, Minda Corporation, Natco Pharma, NMDC, Page Industries, Power Finance Corporation, RailTel Corporation of India, RCF, Redington (India), RITES, Sadbhav Infrastructure Project, Schneider Electric Infrastructure, Skipper, Sundram Fasteners, Suryoday Small Finance Bank, Thyrocare Technologies, Trident, Ujjivan Financial Services, and Venus Remedies will release quarterly earnings on August 12.

Bata India | The company narrowed its loss to Rs 69.47 crore in Q1FY22 against loss of Rs 100.9 crore in Q1FY21, revenue jumped to Rs 267 crore from Rs 135.1 crore YoY.

Globus Spirits | Massachusetts Institute of Technology acquired 9 lakh equity shares in Globus Spirits and 238 Plan Associates LLC bought 1.8 lakh shares in the company at Rs 822.9 per share on the NSE. However, International Asset Reconstruction Company sold 10.8 lakh shares in the company at same price, the bulk deals data showed.

Timken India | HDFC Mutual Fund bought 5.95 lakh equity shares in the company at Rs 1,535.6 per share, whereas Tricot Investments was the seller for these shares on the NSE, the bulk deals data showed.

MAS Financial Services | The company reported higher standalone profit at Rs 36.82 crore in Q1FY22 against Rs 36.59 crore in Q1FY21, revenue fell to Rs 147.73 crore from Rs 160.35 crore YoY.

Ugro Capital | The company reported lower profit at Rs 1.7 crore in Q1FY22 against Rs 3.72 crore in Q1FY21, revenue rose to Rs 51.27 crore from Rs 30.78 crore YoY.

Essar Shipping | The company reported consolidated loss at Rs 311.43 crore in Q1FY22 against loss of Rs 103.22 crore in Q1FY21, revenue rose to Rs 154.79 crore from Rs 149.40 crore YoY.

HeidelbergCement India | The company entered into Power Purchase Agreement, Share Subscription Agreement and Shareholders Agreement with Lalganj Power (LPPL) for subscribing to 36,36,364 equity shares of Rs 10 each of LLPL at a premium of Rs 3.2 per share aggregating to Rs 4.8 crore in order to procure around 22 Gigawatt hours per annum of solar power under captive arrangement for operating its plant located at Madora, Uttar Pradesh.

Power Grid Corporation of India | The company approved proposal to infuse fresh equity up to Rs 425 crore in Energy Efficiency Services (EESL), a joint venture company of PowerGrid, NTPC, PFC and REC.

Gandhi Special Tubes | The company determined the final buyback price of Rs 550 per equity share.

Prakash Pipes | Promoter Ved Prakash Agarwal acquired 20,000 equity shares in the company via open market transaction, increasing stake to 15.26 percent from 15.18 percent earlier.

PTC India | The company reported higher consolidated profit at Rs 136.17 crore in Q1FY22 against Rs 100.06 crore in Q1FY21, revenue jumped to Rs 4,958.50 crore from Rs 4,630.78 crore YoY.

Calcom Vision | Promoters Sushil Kumar Malik HUF, Shashi Malik, Calcom Electronics and Prudent Infrastructures to sell 6,88,155 equity shares (6.53 percent stake) of Calcom Vision via offer for sale on August 12 and August 13.

Force Motors | The company registered a sales growth of 172 percent in the domestic market and 243 percent in exports during April - July 2021.

Orient Abrasives | The company reported higher profit at Rs 2.23 crore in Q1FY22 against Rs 2.16 crore in Q1FY21, revenue jumped to Rs 73.82 crore from Rs 61.67 crore YoY.

Redington India consolidated net profit rises 166.58% in the June 2021 quarter

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Stocks in the news: Tata Steel, Power Grid, Bata, India Cements and Zomato

Grid Corporation

Did you Know? Stock score of Bata India Ltd moved up by 1 in a week on a 10-point scale. View Latest Stock Report »

Nifty futures on the Singapore Exchange traded 24.5 points, or 0.15 per cent higher at 16,318.50, signaling that Dalal Street was headed for a positive start on Thursday. Here are a dozen stocks which may buzz the most in today’s trade:Tata Steel,, Eicher Motors, Hero Motocorp, NMDC, Aurobindo Pharma, IRCTC, Ashok, Page Industries,, Power Finance Corporation, 3M India, Natco Pharma,, GR Infraprojects,, Redington (India) are among the companies that will announce quarterly earnings today.The state-owned board has decided to infuse fresh equity up to Rs 425 crore in Energy Efficiency Services. The Board of Directors of Power Grid has, in its 394th Meeting held on August 10, 2021, approved the proposal to infuse fresh equity up to Rs. 425 crore in Energy Efficiency Services Limited (EESL).The shoemaker reported narrowing of consolidated net loss to Rs 69.47 crore for the first quarter ended June 30, 2021. The company had posted a net loss of Rs 100.88 crore for the same period of 2020-21.The food delivery company said its step- down subsidiaryInc has divested its stake in Nextable Inc for $100,000. Zomato Inc has entered into a stock purchase agreement with Justin Doshi, Thusith Desilva and Robert Tyree for sale of shares held by it of Nextable Inc, another step-down subsidiary of the company.The private lender said it has been accredited by the RBI to be an agency bank to carry on banking transactions of the central and state governments. RBL Bank has been empanelled by the Reserve Bank of India (RBI) as an agency bank to conduct banking business for the central and state governments.The cement maker reported an over two-fold jump in consolidated net profit at Rs 46.63 crore for the quarter ended June 2021. The company had posted a net profit of Rs 19.74 crore during the April-June period of the previous fiscal.Power trading solutions firm reported an over 36 per cent jump in consolidated net profit to Rs 136.17 crore for the June 2021 quarter. The company’s net profit had stood at Rs 100.06 crore in the June quarter of the financial year 2020-21.: The company entered into Power Purchase Agreement, Share Subscription Agreement and Shareholders Agreement with Lalganj Power (LPPL) for subscribing to 36,36,364 equity shares of Rs 10 each.The private lender has proposed to set up an asset reconstruction company (ARC) and invited interest from prospective investors to be a part of the company as the lead investor.The smallcap auto parts maker reported a consolidated net profit of Rs 32.30 crore for the first quarter ended June 30, 2021. The company had posted a net loss of Rs 6.73 crore in the same period last fiscal year.The housing financier is now looking to raise Rs 35,000 crore debt, after facing legal hurdles in the Carlyle group deal, days after SAT gave a split verdict in the matter. The company will seek shareholders' nod in its annual general meeting (AGM) on September 3, 2021.The commercial vehicles maker reported narrowing of consolidated net loss to Rs 4.36 crore for the June quarter amid disruptions due to the second wave of the coronavirus pandemic. The company had posted a consolidated net loss of Rs 64.99 crore in the same period last fiscal.The drug firm on Wednesday reported a 43.05 per cent rise in its net profit to Rs 6.28 crore for the quarter ended June 30. The company had posted a net profit of Rs 4.39 crore for the corresponding period of the previous fiscal.The electric utlitiy firm a 34 per cent jump in its consolidated net profit to Rs 280 crore for the June 2021 quarter. Its consolidated net profit had stood at Rs 209 crore in the corresponding quarter of the previous financial year 2020-21.The household appliances maker reported widening of its consolidated net loss to Rs 24.97 crore for the quarter ending June 2021 on account of impact of the second wave of COVID-19 and rise in commodity prices. The company had posted a net loss of Rs 16.60 crore during the April-June quarter of the previous fiscal.The knitwear major reported a 32 per cent jump in its net profit to Rs 27.2 crore in the first quarter of the current fiscal. The Kolkata-based company said that it recorded a net profit of Rs 20.6 crore in the corresponding quarter of the previous fiscal.The smallcap utilities company posted a consolidated net profit of Rs 2.2 crore in the June quarter on the back of higher revenues. The company had reported a consolidated net loss of Rs 14.71 crore in the quarter ended on June 30, 2020.The smallcap shipping company reported widening of its consolidated loss to Rs 311.43 crore in the first quarter ended June 30. The company had clocked a ‘loss after share of profit/loss of associate’ of Rs 103.22 crore in the corresponding quarter a year ago.