However, the US stock markets suffered their sharpest drop in weeks as concerns about the economic impact of surging coronavirus cases sent shares tumbling. The Dow Jones Industrial Average closed 2.3% lower. And, the S&P 500 fell 1.8% on Monday.
These are the stocks to watch out for during the trading session on October 27:
Mahindra and Mahindra Financial Services (M&M Finance) reported a 34% jump in consolidated net profit at ₹353 crore for the second quarter ended September 30. The company said in the quarter under review their total income increased 5% to ₹3,071 crore.
The shares of M&M Finance ended 3% lower on Monday.
The lenders of debt-ridden DHFL have asked the four bidders to get back with a revised offer by 31 October as part of the on-going resolution process. The four bidders include Adani Group, Piramal Enterprises, US-based Oaktree and Hong Kong-based SC Lowy.
The shares of DHFL ended 5% lower on Monday.
The State Bank of India (SBI) has raised ₹5,000 crore by issuing Basel-III compliant bonds. The shares of SBI ended 3% lower on Monday.
According to a
Bloomberg report, the Indian drugmaker Cadila Healthcare is in talks with potential partners to ramp up its indigenous COVID-19 vaccine development and production capacity.
The shares of Cadila Healthcare ended 2% lower on Monday.
The shares of Bharti Airtel and Tata Motors ended 0.14% and 2.45% lower on Monday.
The promoter and a part of private equity investor Baring Private Equity Asia (BPEA), Hulst BV sold 38 lakh shares or 6.27% of Coforge for ₹878 crore through block deals. As per the stock exchange data, Hulst B V held a 70.28% stake in the Coforge.
The shares of Coforge ended 7% lower on Monday.
Indian Railway Catering and Tourism Corporation (IRCTC)
The government has appointed merchant bankers for a period of three years for disinvestment of stake in Indian Railway Catering and Tourism Corporation (IRCTC) through an offer for sale (OFS).
The shares of IRCTC ended 0.37% lower on Monday.
The Adani Ports promoter SB Adani family trust created a pledge of 1.74 crore shares on October 23.
The shares of Adani Ports ended 1% lower on Monday.
The recently listed broker, Angel Broking posted the highest ever quarterly profit-after-tax at ₹74 crore for the quarter ended September 30. The company in its regulatory filing said its total income grew 29% to ₹317 crore for the quarter under review.
The shares of Angel Broking ended 3.3% lower on Monday.
Great Eastern Shipping
India’s largest private sector shipping company, Great Eastern Shipping board has approved raising capital aggregating up to ₹150 crore by way of private placement.
The shares of Great Eastern Shipping ended 2% higher on Monday.
The board of IDBI Bank is slated to meet on October 29 to consider raising funds via qualified institutional placement.
The shares of IDBI Bank ended 3% lower on Monday.
A Swiss multinational pharmaceutical company, Novartis has filed a complaint in the Federal Court in Delaware US, against Aurobindo Pharma. The company said that Aurobindo’s proposed generic version of a treatment for dry eye infringes 15 patents for Xiidra, which Novartis acquired in 2019 for $3.4 billion.
The shares of Aurobindo Pharma ended flat on Monday.
The board of state-owned NTPC or National Thermal Power Corporation will consider share buyback on November 2.
The shares of NTPC ended 0.52% lower on Monday.
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