Stocks In News

Pidilite Industries: The company reported consolidated profit at Rs 356.4 crore in Q2FY21 against Rs 325 crore, revenue rose to Rs 1,880.3 crore from Rs 1,806.6 crore YoY.

Godrej Agrovet: The company reported higher consolidated profit at Rs 115.5 crore in Q2FY21 against Rs 102.6 crore, revenue declined to Rs 1,723.9 crore from Rs 1,851.1 crore YoY.

JK Lakshmi: The company reported a higher profit at Rs 80.6 crore in Q2FY21 against Rs 45.9 crore, revenue increased to Rs 1,045 crore from Rs 935 crore YoY.

Indian Hotels: The company posted a consolidated loss at Rs 230 crore in Q2FY21 against profit of Rs 71.3 crore, revenue dropped to Rs 257 crore from Rs 1,007 crore YoY.

Kalpataru Power Transmission: The company reported a higher consolidated profit at Rs 144 crore in Q2FY21 against Rs 132 crore, revenue fell to Rs 3,032 crore versus Rs 3,216 crore YoY.

PVR, Inox Leisure in focus: The Maharashtra government allowed cinema halls/theatres/multiplexes to open with 50percent capacity from November 5.

HPCL: The company reported a higher profit at Rs 2,477.4 crore in Q2FY21 against Rs 1,052.3 crore, revenue declined to Rs 51,773.3 crore from Rs 60,868.4 crore YoY. The board approved share buyback at Rs 250 per share and the company is to spend Rs 2,500 crore on share buyback.

HPCL: Announces share buyback worth Rs 2,500 crore. The board will buyback 10 crore shares or 6.56% of the total equity at Rs 250 per share. The buyback price is a 33.9% premium to Wednesday's closing price.

SRF: Board approves setting up of a second BOPP film line in Indore at a cost of Rs 424 crore. It will also set up a dedicated facility to produce 200 MT per year of P16 specialty product at Dahej at a cost of Rs 17.5 crore.

Jubilant Life Sciences: Board approved raising Rs 100 crore via NCDs. Company’s arm to acquire 25% stake in U.S.-based Sofie Biosciences for $25 million.

SBI Cards and Payment Services: Partners with Paytm to launch Paytm SBI Card.

Tube Investments: Board approved providing of guarantee(s) in favour of lenders of CG Power and Industrial Solutions towards the financial assistance to be availed by CG Power for an aggregate amount of up to Rs.1,400 crore.

Kalpataru Power Transmission: All approvals for the sale of Alipurduar Transmission have been received. The company expects to receive cash proceeds this month.

Inox Leisure / PVR: Maharashtra Government allows Cinema halls / multiplexes to open with 50% of their seating capacity in areas outside the containement zone starting today. No eatables will be allowed inside. SoP will be issued by the cultural affairs department and local authorities.