Stocks in focus: HDFC Life, IRCTC, General Insurance, Ircon International, Dish TV, RIL

General Insurance Corporation of India on Tuesday reported a consolidated net profit of Rs 1,991.59 crore for the financial year 2020-21.

  • Last Updated : May 17, 2024, 14:11 IST

Here is the list of top stocks that could be in focus on June 30.

Results today: Ircon International, Swan Energy, Dish TV India, BF Utilities, Prime Focus, Anant Raj, The Andhra Sugars, Jain Irrigation, Sadbhav Engineering and Arshiya are slated to announce their March quarter results on Wednesday.

IRCTC: Indian Railway Catering and Tourism Corporation Ltd (IRCTC) on Tuesday reported a 23% decline in its profit after tax to Rs 103.78 crore for the March 2021 quarter. It had reported a profit after tax (PAT) from continuing operations of Rs 135.14 crore for the corresponding quarter a year ago, according to a regulatory filing to the BSE.

HDFC Life: HDFC Life Insurance Company’s promoter Standard Life (Mauritius Holdings) on Tuesday offloaded shares worth over Rs 6,783 crore in the firm, through open market transactions. Standard Life (Mauritius Holdings) 2006 Ltd held 8.88 per cent stake in the firm as per March 2021 shareholding data.

GIC: General Insurance Corporation of India (GIC) on Tuesday reported a consolidated net profit of Rs 1,991.59 crore for the financial year 2020-21. The state-owned reinsurer had posted a loss of Rs 186.46 crore in 2019-20.

Cipla: The company has received approval from India’s drug regulator Drugs Controller General of India (DCGI) to import Moderna’s COVID-19 vaccine for restricted emergency use in the country. Moderna’s vaccine will be the fourth COVID-19 jab to be available in India after Covishield, Covaxin and Sputnik.

RIL: Reliance Industries has signed a pact to invest an undisclosed amount in a giant petrochemical hub being built in the UAE. The oil-to-telecom conglomerate will join the recently-formed Ta’ziz joint venture of Abu Dhabi state energy giant Adnoc and state holding company ADQ for developing the Ruwais Derivatives Park in western Abu Dhabi.

Tata Motors: Tata Motors’ wholly-owned subsidiary — Jaguar Land Rover (JLR) has launched an updated version of Range Rover Sport SVR in the country priced at Rs 2.19 crore (ex-showroom). The SUV comes with a five litre supercharged V8 petrol engine that delivers a power of 423 kW and torque of 700 Nm and is capable of accelerating from 0-100 kmph in 4.5 seconds.

Indian Hotels: Indian Hotels Company (IHCL) is planning to expand the reach of its food delivery platform, Qmin, targeting a presence in 25 cities over the next two years. Qmin has also introduced the Qmin Food Truck service to cater to the need of on-the-go meals in Mumbai and plans to bring it to metro cities across India, including Bangalore and Delhi, followed by tier-two cities. The Qmin Food Truck will address the need for quick and easy meals for those on the go.

Axis Bank: Amazon Web Services (AWS) has inked a multi-year deal with Axis Bank to power the digital transformation programme of the country’s third-largest private sector bank. As part of the agreement, Axis Bank will draw on the breadth and depth of AWS services to build a portfolio of new digital financial services to bring advanced banking experiences to customers, including online accounts that can be opened in under six minutes and instant digital payments.

Published: June 30, 2021, 08:55 IST
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