Top stocks in focus: GAIL, M&M, Hindalco, Oil India, Dalmia Bharat, Tata Steel

  • GAIL India, Mahindra & Mahindra, Hindalco Industries stocks are in focus as they are set to announce their financial results for the second quarter of FY21.

  • Oil India reported a lower profit at Rs382cr in Q2FY21.

  • Dalmia Bharat and Sugar Industries Board gives in-principal approval to the expansion of sugar and distillery capacities.

  • Tata Steel signs MoU to procure their complete domestic zinc requirements from Hindustan Zinc.

  • TCS to acquire Postbank Systems from Deutsche Bank.

  • EID Parry reported a higher profit at Rs317.8cr in Q2FY21.

  • Vadilal Industries reported a lower consolidated profit at Rs0.68cr in Q2FY21.

  • JK Cement reported sharply higher profit at Rs221.1cr in Q2FY21.

  • HDFC has reduced its retail prime lending rate on housing loans, on which its adjustable rate home loans are benchmarked, by 10 basis points, from November 10.

  • HFCL received a letter of award worth Rs678.50cr from L&T for supply of I.T. equipment, software solutions and associated equipment.

  • JB Chemical & Pharma’s promoter Tau Investments created pledge of 3.4 crore shares (44% equity stake).

  • Engineers India to consider buyback of equity shares on November 12.

  • Inox Leisure launches QIP at Rs263.1 per share. Floor price is a 1.42% discount to Monday’s closing.

  • Punjab & Sind Bank to seek approval to offer, issue, create and allot equity shares worth Rs6,000cr through FPO, rights issue, QIP, preferential issue or any other mode or combination thereof.

  • Birla Tyres Anirban Moulik to resign as CFO from November 18.