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    Stocks in the news: Maruti Suzuki, Axis Bank, L&T, RBL Bank, Vodafone Idea and YES Bank

    Synopsis

    L&T posted a 45 per cent decline in consolidated net profit to Rs 1,410.29 crore for the quarter ended September, hit by the COVID-19 pandemic

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    RBL Bank reported a 165 per cent jump in its September quarter net to Rs 144 crore on a lower base and guided towards some pressure in margins in the next quarter.
    Nifty futures on the Singapore Exchange traded 72 points, or 0.61 per cent, lower at 11,660.50, in signs that Dalal Street was headed for a negative start on Thursday. Here are a few stocks which may buzz the most in today's trade:

    Earnings today: Maruti Suzuki, BPCL, InterGlobe Aviation, Havells India, IDBI Bank, Vodafone Idea, TVS Motor and Bank of Baroda are among companies that will disclose their September quarter results today.

    Axis Bank: The private lender reported its September quarter net at Rs 1,849 crore at a consolidated level against a loss of Rs 18 crore in the year-ago period despite setting aside a high quantum of money for potential reverses in loans.

    Larsen & Toubro: The company posted a 45 per cent decline in consolidated net profit to Rs 1,410.29 crore for the quarter ended September, hit by the COVID-19 pandemic. The company had clocked a net profit of Rs 2,551.67 crore in the year-ago period, it said in a regulatory filing.

    YES Bank: The bank said that Swaminathan Janakiraman, the nominee director appointed by State Bank of India, has resigned with effect from October 28, 2020. In his letter, Janakiraman, has conveyed that State Bank of India will shortly nominate a replacement in his place, Yes Bank said in a regulatory filing.

    Hero MotoCorp: The two-wheeler maker reported a 9.05 per cent rise in consolidated net profit to Rs 963.82 crore for the September quarter on the back of robust sales. The company had posted a net profit of Rs 883.78 crore during the July-September period of the previous fiscal.

    RBL Bank: Private sector lender RBL Bank on Wednesday reported a 165 per cent jump in its September quarter net to Rs 144 crore on a lower base and guided towards some pressure in margins in the next quarter as interest from some stressed advances may not accrue.

    MCX: Multi Commodity Exchange of India (MCX) reported 18 per cent decline in net profit to Rs 58.55 crore during the second quarter ended September 30. The exchange had posted a net profit of Rs 71.75 crore during the corresponding quarter last fiscal, MCX said in a statement.

    DRL: Dr Reddys Laboratories said the Phase 3 trials of Russia's Sputnik V vaccine for COVID-19 in India to be conducted by it are expected to be completed by the end of March depending on approvals and data validation.

    SBI: State Bank of India on Wednesday said it has signed an agreement with Japan Bank for International Cooperation (JBIC) for a loan worth USD 1 billion (around Rs 7,403 crore

    GSK Pharma: Drug firm GlaxoSmithKline Pharmaceuticals reported nearly 85 per cent decline in its consolidated net profit to Rs 76.47 crore for the quarter ended in September. The company had posted a net profit of Rs 502.75 crore for the corresponding period of the previous fiscal, it said in a BSE filing.

    Tata Coffee: Tata Coffee Ltd on Wednesday posted nearly 6 per cent jump in its consolidated net profit to Rs 42.40 crore for September quarter on improved revenues.

    Wipro: IT services firm Wipro on Wednesday said it has signed a definitive agreement to acquire Encore Theme Technologies - a specialist in providing SaaS and Cloud solutions in financial services - for up to Rs 95 crore.

    HSIL: Glass packaging producer HSIL said it will invest Rs 320 crore to set up a new speciality glass manufacturing facility in Telangana and raise production capacity of its plastic business facility.

    Blue Star: Air conditioning and commercial refrigeration maker Blue Star Ltd on Wednesday reported a consolidated net profit of Rs 15.32 crore for the second quarter ended September 2020.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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