Stocks in the news 30th Oct, 2020

Check out the stocks that will be in focus during trade today based on recent and latest news developments.

  • Reliance Industries, IndusInd Bank, Indian Oil Corporation, UPL, etc. stocks in focus. These companies are set to announce quarterly financial results on Friday.

  • IndusInd Bank has gone live as a ‘Financial Information Provider’ (FIP) under the new ‘Account Aggregator Framework’ of the Reserve Bank of India (RBI), making it the first bank in the country to do so.

  • CRISIL downgrades Vedanta’s long-term facilities to CRISIL AA- from CRISIL AA.

  • Tata Group stocks in focus as the Mistry-family owned SP Group has proposed a plan of separation from Tata Sons.

  • InterGlobe Aviation to defer decision on Qualified Institutional Placement to December.

  • ICICI Prudential Life Insurance Board approved raising Rs1,200cr via NCDs.

  • Aviation stocks in focus as Hardeep Singh Puri, Minister of Civil Aviation stated that there will be an extension of the fare-cap on airlines by another three months.

  • Indian Energy Exchange signs agreement with MCX which will enable the latter to use IEX’s electricity clearing prices for settlement of its electricity derivative contracts.

  • MRPL Board approved raising up to Rs5,000cr via NCDs.

  • Zensar Tech Board gives in-principle approval for merger of its wholly-owned arm Cynosure Interface Services with itself.

  • AU Small Finance Bank Board has approved re-appointment of Raj Vikash Verma as part chairman till April 8, 2023.

  • Vodafone Idea reported a consolidated loss of Rs7,218.2cr in Q2FY21.

  • TVS Motor Company reported a lower standalone profit of Rs196.2cr in Q2FY21.

  • HPCL will consider a share buyback on November 4.

  • Canara Bank reported higher profit at Rs444.1cr in Q2FY21.

  • Welspun Corp reported lower consolidated profit at Rs153.8cr in Q2FY21.

  • InterGlobe Aviation (IndiGo) reported a loss of Rs1,194.8cr in Q2FY21.