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    Stocks in the news: DHFL, Infosys, HUL, DLF, BASF India and D-Mart

    Synopsis

    Realty major DLF said it has sold 376 ready-to-move-in luxury flats worth Rs 700 crore.

    Mumbai: Stock broker react as they watch the stock prices on a computer screen, ...PTI
    Infosys said its consolidated net profit has declined by 2.2% at Rs 4,019 crore for September quarter.
    Nifty futures on the Singapore Exchange were trading 24 points, or 0.21 per cent, higher at 11,285, indicating a negative start for Dalal Street. Here are a few stocks which may buzz the most in today’s trade:

    DLF: Realty major DLF said it has sold 376 ready-to-move-in luxury flats worth Rs 700 crore on the first day of the launch of its new housing project in Gurugram, even as the overall property market is facing a demand slowdown.

    DHFL: The housing finance major has signed a nonbinding term sheet with Oaktree Capital to sell its entire Rs 35,000-crore wholesale book. The agreement is valid until February.

    Hindustan Unilever: Despite the slowdown in rural demand, the company is expected to post revenue growth of 6-7 per cent in September quarter, with a volume growth of around 4 per cent.

    Torrent Pharma: The drug firm is recalling 73,896 bottles of hypertension treatment tablets from the US and Puerto Rico on account of deviations from current good manufacturing norms, according to a report of the US health regulator.

    Infosys: The IT services company said its consolidated net profit has declined by 2.2 per cent at Rs 4,019 crore for the July-September 2019 quarter. Analysts are crediting an acquisition for Infosys’ better-than-expected performance in the July-September quarter, when the IT services firm outpaced larger rival Tata Consultancy Services in revenue growth.

    BASF India: The speciality chemical firm has received a Rs 613 crore tax demand from the Karnataka government for 2006-2015 period.

    Reliance Capital: The company said its securities business arm will buy the broking and distribution vertical of the company as part of the asset monetisation plan for Rs 164 crore.

    Avenue Supermarts: The owner of D-Mart supermarket chain posted a 47.54 per cent year-on-year rise in net profit at Rs 322.66 crore for the quarter ended September 2019.

    PNB: With three state-run lenders -- Punjab National Bank (PNB), United Bank of India (UBI) and Oriental Bank of Commerce (OBC) -- heading for an amalgamation, an outside expert may be engaged to decide the logo of the merged entity, an official said.

    PSU bank stocks: Finance Minister Nirmala Sitharaman will hold a review meeting with CEOs of public sector banks (PSBs) on Monday to discuss various issues, including progress on credit offtake, as part of efforts to prop up the economy.

    Hero MotoCorp: Suzuki Motorcycle India Pvt Ltd (SMIPL) has overtaken Hero MotoCorp to be the third largest scooter maker by sales in the first half (H1) of the current fiscal, according to a latest data by auto industry body SIAM.

    Delta Corp, GTPL Hathway: Asahi Songwon Colors, Prism Medico, Delta Corp, GTPL Hathway and PVV Infra are among companies which will declare their quarterly earnings today.

    TCS: The IT firm would continue to focus on double-digit revenue growth despite the blip in Q2, CEO Rajesh Gopinathan and COO N Ganapathy Subramaniam told ET.

    Cadila Healthcare: Drug firm said the US health regulator issued no observations after the inspection of its Dabhasa facility in Gujarat.
    Insider Buys:
    • GFL Limited: Inox Leasing And Finance Limited has bought 50,000 shares through Market Purchase on Sep 30, 2019
    Insider Sells:
    • No sell entry for the day.
    Note: Disclosure made under Reg 13(4), 13(4a) of SEBI (IT) regulations 1992.

    Bulk and Block Deals :
    Blg TickersDateCompany NameAcquirer/SellerBuy /SellQty TradedPrice
    IHFL11-Oct-19Indiabulls Housing Finance LimitedTower Research Capital Markets India Private LimitedBuy197,118191.24
    YES11-Oct-19Yes Bank LtdTower Research Capital Markets India Private LimitedBuy502,35239.25
    Note: Insider Buy/Sell is as defined by SEBI Insider Trading Regulations, 1992 Bulk Deal is defined as any trade in which quantity transacted is more then 0.5% of the companies equity shares listed on the exchanges. The above mentioned data is not completely Extensive as relatively smaller trades have been excluded. (Edelweiss Alternative Research)



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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