Reliance Industries, IRCTC, Cipla, Dr. Reddy’s and other stocks to watch out for on June 30

Jun 30, 2021

By: Rounak Jain

Credit: BCCL

Reliance Industries

Signed an agreement with the Abu Dhabi National Oil Company to set up a petrochemicals plant in Ruwais, Abu Dhabi. The plant will manufacture chlor-alkali, ethylene dichloride and polyvinyl chloride (PVC).

Credit: BCCL

IRCTC

Reported a 23 percent decline in March 2021 quarter profit to ₹104 crore, below analyst expectations. Revenue fell 41 percent to ₹339 crore, year-on-year.

Credit: IRCTC

Cipla, Dr. Reddy’s, Sun Pharma, Torrent Pharma and others

To collaborate for clinical trials of the antiviral drug Molnupiravir for treatment of mild COVID-19 infections. Trial expected to be done on 1,200 volunteer patients.

Credit: Pixabay

Cipla to assist Moderna

The Indian drug maker to help Moderna, Inc., the maker of mRNA-based Spikevax COVID-19 vaccine, with regulatory approvals.

Credit: Cipla

Earnings today

Vodafone Idea, SpiceJet, Dish TV India, Coffee Day Enterprises, IRCON International, Balu Forge Industries, Sadbhav Engineering, SREI Infrastructure Finance, BF Utilities.

Credit: Pixabay

Bharti Airtel

To invest an additional $500 million (approx. ₹3,700 crore) in OneWeb, a UK-based satellite internet provider. This will take its stake to 39 percent, making it the largest shareholder.

Credit: BCCL

Coal India

To create a carbon offset of 2.5 lakh tonnes over the next five years, with a target of 60,000 tonnes by the end of this year.

Credit: BCCL

Indiabulls Housing Finance

Approved fundraising of ₹7,000 crore via equity shares and other instruments.

Credit: Indiabulls Housing Finance

Bharat Electronics

Entered into an agreement with the Indian Navy to develop emerging technologies, including artificial intelligence, robotics and quantum computing.

Credit: Bharat Electronics

Ruchi Soya

Reported a net profit of ₹314 crore in the March 2021 quarter, against a net loss of ₹41 crore a year ago. Revenue jumped by over 51 percent to ₹4,860 crore, year-on-year.

Credit: Ruchi Soya

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