Business

Stock in the news: Maruti Suzuki, SBI Cards, Marico and Panacea Biotec

NEW DELHI: Nifty futures trading on Singapore Exchange signalled a flat start with a negative bias on Tuesday. Here are a few stocks that may buzz during the day.

HDFC: Mortgage lender HDFC said it will acquire a 9.90 per cent stake in Kerala-based infrastructure fund management company KIFML.

Maruti Suzuki: The country’s largest carmaker Maruti Suzuki India on Monday said its total production in March 2021 increased significantly to 1,72,433 units over the same month last year.

SBI Cards: SBI Cards and Payment Services (SBI Card) on Monday said it has appointed former MD and CEO Ashwini Kumar Tewari as a nominee director on its board with immediate effect.

JSPL: Steel producer JSPL on Monday reported a 34.41 per cent rise in its output, and said its sales grew 37.41 per cent during the quarter ended March 31.

Panacea Biotec: The Russian Direct Investment Fund (RDIF) and drug firm Panacea Biotec on Monday said they have agreed to produce 100 million doses per year of the Sputnik V COVID-19 vaccine in India.

Marico: FMCG major Marico on Monday said it has witnessed healthy momentum building across its key portfolios and expects low double-digit bottom line growth in the fourth quarter last fiscal after being impacted by the COVID-19 pandemic.

Sobha: Realty firm Sobha on Monday reported record sales bookings of Rs 3,137 crore during the last fiscal year despite the COVID-19 pandemic. Its sales bookings stood at Rs 2,880.6 crore in the 2019-20 financial year.

SAIL: The company clocked its best ever quarterly sales at 4.27 million tonnes during the March quarter of the last fiscal year, up 14 per cent over the year-ago period.

Realty stocks: Sales of residential properties across eight major cities grew 44 per cent in the January-March period this year to nearly 72,000 units as demand recovered, according to Knight Frank India.


Airtel, Apollo
: Telecom operator Bharti Airtel partnered with health app Apollo 24/7 to offer a wide range of e-healthcare services to its customers as part of their exclusive Thanks benefits. Under the collaboration, Airtel Platinum and Gold customers will get complimentary membership to Apollo Circle.


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