Stocks in the news: Bandhan Bank, Maruti Suzuki, PNC Infratech, TCS and Lupin

Stocks in the news: Bandhan Bank, Maruti Suzuki, PNC Infratech, TCS and Lupin

Nifty futures on the Singapore Exchange traded 72 points, or 0.51 per cent, higher at 14,252.50, in signs that Dalal Street was headed for a positive start on Thursday. Here are a few stocks which may buzz the most in today’s trade:

Bandhan Bank: Private lender Bandhan Bank said its loans and advances grew by 23 per cent year-on-year to Rs 80,255 crore during the third quarter of the current fiscal. The advances were at Rs 65,456 crore in the year-ago period, it said.

Maruti Suzuki: Maruti Suzuki India, the country’s largest carmaker, on Wednesday said its total production in December 2020 increased 33.78 per cent to 1,55,127 units.

PNC Infratech: CN Infrabuild sold shares of PNC Infratech worth over Rs 276 crore through an open market transaction. On the BSE, the entity sold 1.57 crore shares of PNC Infratech at an average price of Rs 175 apiece. The total deal value stood at Rs 276.39 crore.

TCS: Tata Sons tendered shares worth Rs 9,997 crore of Tata Consultancy Services (TCS) during the IT major’s Rs 16,000 crore-buyback offer that concluded recently. The single largest shareholder of TCS, Tata Sons tendered more than 3.33 crore shares during the offer, according to a regulatory filing.

Lupin: Homegrown pharma major Lupin Ltd on Wednesday said it has received approval from the US health regulator to market its generic version of sulfamethoxazole and trimethoprim oral suspension used to treat bacterial infections.

IDFC First Bank: The bank said the credit growth rose a marginal 0.7 per cent to Rs 1,10,499 crore during the third quarter ended December 2020. The private sector lender had an outstanding loan of Rs 1,09,698 crore as of December 31, 2019, and on a quarterly basis, the loan growth was 3 per cent from Rs 1,06,828 crore as on September 30, 2020, IDFC First Bank said in a regulatory filing.

SBI: International rating agency Moody’s Investors Service on Wednesday voluntarily withdrawn the ratings on the short-term foreign currency programme of the nation’s largest State Bank of India and its branches under its USD 10 billion global medium-term note programme “for its own business reasons”.

Bharti Airtel, Vodafone Idea: Bidding for the sixth round of spectrum auction for radiowaves worth Rs 3.92 lakh crore will start from March 1, according to a notice issued by the Department of Telecom on Wednesday.

Bank of Baroda: State-owned Bank of Baroda said it has signed a pact with SIDBI to support the MSMEs with an online facility of submitting their loan restructuring proposals. Last year in November, SIDBI had launched a web portal — Asset Restructuring Module for MSMEs (ARM-MSME) — to help MSMEs take benefit of the RBI’s one-time debt restructuring scheme.

HFCL: Domestic telecom gear maker HFCL on Wednesday said it has completed the shipment of one lakh Wi-Fi products made indigenously and now plans to expand its global footprint. The company said it is enhancing readiness to serve 5G network requirements as well.

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