Budget 2020

Stocks in the news: Indigo Paints, HDFC, Tata Consumer, Indian Bank and Tata Motors

Nifty futures on the Singapore Exchange traded 97 points, or 0.68 per cent, higher at 14,455.50 in signs that Dalal Street was headed for a gap-up start on Tuesday. Here are a few stocks which may buzz the most in today’s trade:

Indigo Paints: The paints makers looks set to make a strong market debut on Tuesday, as sentiment turned euphoric in the secondary market post Union Budget 2021. The scrip was commanding a grey market premium of Rs 820 apiece post the Budget after plunging to Rs 700-720 levels a day ago, thanks to six days of relentless selling pressure in the secondary market correction that was eventually snapped by Monday’s mega rally.

HDFC, Tata Consumer: HDFC, Escorts Tata Consumers, PI industries, Dixon Technologies,

, Vinati Organics, V Mart, Balrampur Chini and Intellect Design are among companies which will announce their December quarter results on Tuesday.

Indian Bank: Indian Bank on Monday declared five NPA accounts, including Cox & Kings and Era Infra Engineering, having Rs 148.03 crore exposure as fraud. The five accounts are – Cox & Kings Ltd that diverted funds worth Rs 68.46 crore; Era Infra Engineering Rs 19.36 crore; Supreme Tex Mart Rs 16.36 crore; RSAL Steel Pvt Ltd Rs 27.35 crore and Pune Buildtech Rs 16.50 crore, Indian Bank said in a regulatory filing.

Tata Motors: The auto maker reported a 25.27 per cent increase in total sales at 59,959 units January. The company had sold a total of 47,862 units in the same month last year,

said in a statement.

Hero MotoCorp: The two-wheeler major reported a 3.14 per cent decline in total sales to 4,85,889 units in January. The company had sold a total of 5,01,622 units in the same month last year.

Coal India: State-owned CIL’s coal production declined by 4.1 per cent to 60.5 million tonne (MT) last month. Coal India (CIL) had produced 63.1 MT of dry-fuel in January last fiscal, the company said in a BSE filing.

NIIT Technologies: The company has settled with markets regulator Sebi a case pertaining to alleged violation of listing norms after paying Rs 19.12 lakh towards settlement charges.

NMDC: State-owned NMDC on Monday said its iron ore production remained almost flat at 25.66 million tonne (MT) between April 2020 and January 2021.

CDSL: The leading depository reported an over two-fold jump in profit after tax (PAT) at Rs 51.03 crore in three months ended December 2020. In comparison, the depository had posted a PAT of Rs 21.61 crore in the year-ago period.

RInfra: Reliance Infrastructure (RInfra) on Monday reported 76.8 per cent decline in its consolidated net profit at Rs 80.08 crore for the quarter ended December 31, 2020.

Triveni Turbine: Triveni Turbine posted consolidated net profit of Rs 27.54 crore for the quarter ended on December 31, 2020 against Rs 27.07 crore in the year ago quarter.