Stocks To Watch

 Apollo Hospitals: Gets board approval to acquire remaining 50% stake in Apollo Gleneagles Hospital, Kolkata for Rs 410 crore. The stake was earlier held by Gleneagles Development, Singapore. The company will now hold 100% stake in the said hospital. Board also approved raising Rs 1,500 crore through a preferential issue of securities, QIP or any other equivalent capital raising method.

Max India: Has executed a Deed of Guarantee in favour of Aditya Birla Finance for an amount up to Rs 170 crore in respect of the loans / line of credit facility availed by company’s wholly-owned arm Antara Senior Living.

Metropolis Healthcare: Informs of a delay in completion of acquisition of the balance 35% stake in Metropolis Histoxpert Digital Services due to the lockdown imposed in the Netherlands.

Happiest Minds Technologies: Enters into a strategic partnership with lo-Tahoe to provide their clients with effective data discovery and governance solutions.

NBCC: Board has approved closure of its Gulf arm and liquidation of its wholly-owned arm NBCC Engineering & Consultancy.

GOCL Corporation: U.K. arm HGHL Holdings declared a dividend of $4 million to the company.

Coffee Day Enterprises: Exchanges have given a notice for compulsory delisting of the company.

Future Lifestyle Fashion: CARE Ratings downgraded long-term bank facilities and NCDs from CARE BB to CARE C, with outlook staying unchanged at credit watch with negative implications.

Tata Steel: Clarified on the news of closure of sale of its European business stating that it is involved in evaluating strategic opportunities across various segments of its operations in different geographies. Such discussions are ongoing management tasks and the company doesn’t wish to comment on it.

Aurobindo Pharma: The company reported a higher profit at Rs 805.6 crore in Q2FY21 compared to Rs 639.5 crore, revenue rose to Rs 6,483.3 crore from Rs 5,600.5 crore YoY.

Gujarat State Petronet: The company reported a lower profit at Rs 498.6 crore in Q2FY21 compared to Rs 696.2 crore, revenue declined to Rs 2,980.4 crore versus Rs 3,043.2 crore YoY.

SpiceJet: The company reported loss at Rs 105.6 crore in Q2FY21 against loss at Rs 461.2 crore, revenue fell to Rs 1,070.5 crore versus Rs 2,848.3 crore YoY.

Ashoka Buildcon: The company reported a higher profit at Rs 70.4 crore in Q2FY21 against Rs 11.4 crore, revenue increased to Rs 1,189.3 crore from Rs 1,037.8 crore YoY.

Indiabulls Housing Finance: The company reported a higher profit at Rs 323 crore in Q2FY21 compared to Rs 273 crore, net interest income rose to Rs 750 crore from Rs 731 crore QoQ.

Coal India: The company reported a lower profit at Rs 2,951.6 crore in Q2FY21 compared to Rs 3,522.9 crore, revenue increased to Rs 21,153.1 crore from Rs 20,382.6 crore YoY.