NEW DELHI Here is a list of the top ten stocks that may appear in the news on Monday:
Dependency Industries: Amazon.com Inc. has obtained interim relief in a Singaporean arbitration court, stalling its partner Future Group’s plan to sell its retail and wholesale assets to a unit of rival Reliance Industries Ltd for ₹24,713 crore. The e-commerce giant claimed that Future Group had violated an investment contract when it agreed to sell its retail assets to Reliance Retail Ventures Ltd (RRVL).
IndusInd Bank: The private sector lender has denied having exploratory talks with Kotak Mahindra Bank for a merger. “IndusInd Bank denies the rumor in certain media reports about a proposed merger, and considers it malicious, false and baseless,” IndusInd Bank said in a BSE filing.
Yes Bank: The private sector lender reported an independent net profit of ₹Rs 129.37 crore for the second quarter ended September 30 despite an increase in bad loans. Yes, the bank had recorded a net loss of ₹600 million rupees in the corresponding quarter of the previous fiscal year.
Nestlé India: Nestlé India Ltd, a major consumer goods company, reported a marginal decrease in its net profit of 1.37% to ₹Rs 587.09 crore in the third quarter ended September 30, 2020. The company, which follows the financial year from January to December, had posted a profit of ₹Rs 595.27 crore in the July-September quarter a year ago, Nestle India said in a BSE presentation.
Vedanta: The board of directors of Vedanta Ltd has approved the first dividend on account of ₹9.50 per share of capital for the current fiscal year amounting to ₹3500 crore. The announcement came days after the mining conglomerate’s failed delisting offer for the metal.
JSW Steel: The company reported a decrease of more than 37% in consolidated net income in ₹Rs 1,595 crore for the quarter ended September 30. JSW Steel had posted ₹Profit of Rs 2,536 crore for the same quarter of the previous year.
DHFL: The indebted DHFL’s committee of creditors (CoC) is scheduled to meet today for four tenders, including those from Adani Group and Piramal Enterprises, received as part of the beleaguered firm’s resolution process.
Rossari Biotech: The company reported a 17% increase in its profit after tax (PAT) in ₹Rs 20.7 million for the quarter ended September 30. Income from operations stood at ₹171.7 crore vs. ₹Rs 150.3 crore in the same quarter of the previous fiscal year.
Persistent systems: The company reported a consolidated net profit of ₹101,986 crore in Q2FY21 versus ₹86 million rupees in the same quarter of the previous fiscal year. Income from operations increased to ₹1,007.74 crore of ₹884.6 crore in Q2FY20.
Tata Motors: The company has placed a supply order for 6,413 Tata Ace Gold skid steers from the government of Andhra Pradesh.
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