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Stocks in the News (18 Aug):
HDFC Bank – The
HDFC Bank’s ADRs, listed on the NYSE, fell by 2.83% following the news that US-based
Rosen Law Firm plans to investigate potential securities claims against the
bank following allegations of sharing “materially misleading business
information” with investors. HDFC Bank said it was not aware of any
lawsuit and prima facie it looked “frivolous”.
Orient Paper &
Industries reported Loss at Rs 17.4 crore in Q1FY21 versus profit Rs 8.02
crore in Q1FY20, revenue at Rs 80.6 crore versus Rs 149.76 crore YoY.
Emami – The Company
Promoters Diwakar Viniyog Pvt Ltd, Suraj Viniyog Pvt Ltd and Bhanu Vyapaar Pvt
Ltd released 40,100 pledged shares. Promoters reduced pledged shares to
12,99,04,348 (54.26% of their total shareholding of 23,93,93,412) as of August
14, against 21,65,93,566 (90.48% of total shareholding) as of June quarter.
Ajanta Pharma – Promoter
Ravi Agrawal, Trustee Ravi Agrawal Trust released 10.5 lakh pledged shares.
Time Technoplast expects
the necessary approval for Type-IV CNG Composite Cylinders, to be in hand not
later than December 31, 2020. It shall be the only producer of Type-IV CNG
Composite Cylinders in India for on board application.
Quess Corp sold
entire investment held in Dependo Logistics Solutions, a wholly-owned
subsidiary, to Altruist Group company.
GPT Infraprojects
bagged order valued at Rs 196.30 crore.
Petronet LNG
reported increase in Net Profit of 33.9% at Rs 499.8 crore against Rs 373.2
crore QoQ. Revenue went down 43% at Rs 4,883.6 crore against Rs 8,567.2 crore
QoQ. EBITDA was up 30.5% at Rs 909.9 crore against Rs 697.5 crore QoQ. EBITDA
margin stood at 18.6% against 8.1% QoQ.
HFCL reported Profit
at Rs 21.09 crore for Q1FY21 versus Rs 110.4 crore for Q1FY20, revenue at Rs
699.76 crore versus Rs 1,342.7 crore YoY.
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