Stocks in the news: Axis Bank, Info Edge, HUL, Titan, Bajaj Auto, SBI and Ambuja Cements

Nifty futures on the Singapore Exchange traded 58.50 points, or 0.40 per cent, lower at 14,692 in signs that Dalal Street was headed for a negative start on Wednesday. Here are a few stocks which may buzz the most in today’s trade:

Info Edge: Info Edge said it will sell stake worth Rs 750 crore in the IPO of its investee company Zomato. In a regulatory filing, Info Edge said Zomato — an online food delivery platform — is proposing an IPO of its equity shares, comprising a fresh issue of equity shares by Zomato Ltd and an offer for sale by Info Edge.

Hindustan Unilever, and : Hindustan Unilever, Titan and Bajaj Auto, Ambuja Cements,

, Bajaj Holdings, Shriram Transport, AU SFB, IndiaMart InterMesh and Laurus Labs are among companies scheduled to announce quarterly results today.

Axis Bank: The private lender posted a consolidated net profit of Rs 2,960.40 crore for the March quarter, as against a loss of Rs 1,250 crore in the year-ago period, and warned of an immediate business impact because of the second wave of Covid across segments.

Bharti Airtel: OneWeb said it has secured $550 million (about Rs 4,100 crore) in funding from Eutelsat Communications, which will get about 24 per cent stake in the broadband satellite communications company. Bharti-group backed OneWeb said that the new investment would take the total funding to $1.9 billion in fresh equity.

PNB Housing Finance: The HFC reported a consolidated net profit of Rs 127 crore for the last quarter of fiscal ended March 2021. The company had posted a net loss of Rs 242 crore in same quarter a year ago. Sequentially, the profit was down from Rs 232.40 crore in Q3 FY21.

HDFC Asset Management Company: The AMC reported a 26.52 per cent growth in profit after tax (PAT) at Rs 316.08 crore for the three months to March 2021. In comparison, the company had posted a PAT of Rs 249.83 crore in the same period a year ago, HDFC AMC said in a regulatory filing to the stock exchanges.

SBI: The country’s largest lender State Bank of India (SBI) said a committee of its central board will consider raising up to USD 2 billion (around Rs 14,942 crore) through bonds in this fiscal year.

Nippon Life India Asset Management: Nippon Life reported a profit after tax of Rs 167 crore for the three months ended March 2021. In comparison, the company had posted a profit after tax (PAT) of Rs 4.13 crore in the same quarter preceding fiscal, NAM India said in a statement.

Ashok Leyland: Group flagship

and the United Kingdom based developer of e-buses and light commercial vehicles, has inked a partnership with city-based TVS Supply Chain Solutions for establishing a sustainable logistics network in the country.

ABB India: The company posted more than two-fold jump in net profit to Rs 151 crore for the January-March quarter compared to the year-ago period mainly on the back of higher revenues. The company had a net profit of Rs 66 crore in the quarter ended on March 31, 2020, according to a regulatory filing by the company.


Maruti Suzuki: The country’s largest carmaker Maruti Suzuki India (MSI) on Tuesday reported 6.14 per cent decline in consolidated net profit at Rs 1,241.1 crore for the fourth quarter ended March 31, 2021. The auto major had posted a net profit of Rs 1,322.3 crore in January-March quarter of 2019-20, MSI said in a regulatory filing.