HDFC Life Insurance, NALCO, IRCTC and other stocks to watch out for on June 29

Jun 29, 2021

By: Rounak Jain

Credit: BCCL

HDFC Life Insurance

Standard Life to sell 3.46 percent stake for $640 million (approx. ₹4,600 crore) via a block deal, at a price of ₹658-678 per share. This is at a discount of 2.6-5.5 percent to Monday’s closing price of ₹696.

Credit: HDFC Life Insurance

NALCO

It bounced back to profit in the March 2021 quarter, reporting a net profit of ₹936 crore against a loss of ₹101 crore a year ago. Its revenue surged by 40 percent to ₹2,874 crore, year-on-year.

Credit: NALCO

IRCTC

The Indian Railways’ catering and tourism company will declare its March 2021 quarter results today.

Credit: IRCTC

Earnings today

IRCTC, Finolex Cables, GOCL Corporation, Gallantt Ispat, Hindustan Oil Exploration, Housing & Urban Development Corporation, Indian Railway Finance Corporation, Ruchi Soya, Rossell India, Gujarat Mineral Development Corporation, Fermenta Biotech, DCM Shriram Industries.

Credit: Pixabay

Graphite India

It reported a profit of ₹64 crore in the March 2021 quarter against a loss of 7 crore a year ago. Revenue declined marginally to ₹621 crore from ₹625 crore, year-on-year.

Credit: Graphite India

Piramal Enterprises

Raised ₹365 crore via non-convertible debentures worth ₹10 lakh each, on a private placement basis.

Credit: Piramal Enterprises

RITES

Has bagged an order worth ₹45 crore from Metro Express, Mauritius, to provide consultancy services.

Credit: RITES

Future Lifestyle Fashions

It reported a net loss of ₹149 crore in the March 2021 quarter against a loss of ₹149 crore a year ago. Revenue declined to ₹832 crore from ₹1,443 crore, year-on-year.

Credit: Future Lifestyle Fashions

Punjab & Sind Bank

It will seek shareholders’ approval to set off accumulated losses of ₹3,577 crore from its securities premium account.

Credit: Punjab & Sind Bank

Godrej Consumer Products

ICRA upgraded its long-term rating to AAA (Stable) from AA Plus (Stable).

Credit: Godrej Consumer Products

Barbeque Nation, InterGlobe Aviation, Thyrocare and other stocks to watch out for on June 28