Stocks in the news: TechM, PNB, DHFL, Coal India, Jubilant Foodworks, Zee and Dish TV

Nifty futures on the Singapore Exchange were trading 6 points, or 0.05 per cent, lower at 10,942, indicating a flat start for the Nifty50. Here are a few stocks which may buzz the most on Tuesday:

TechM, PNB and BHEL: Tech Mahindra, PNB, BHEL, GAIL, HPCL, ACC, DLF, Marico Apollo Tyre, Reliance Infra, Dish TV, Sobha, CESC, Usha Martin, Future Enterprises, United Bank and Trent are among companies set to announce their December quarter results on Tuesday.

Essel group stocks: According to multiple regulatory filings by different promoter group entities of Essel group, shares of Zee Entertainment Enterprises, Dish TV, Zee Media Corporation, Siti Networks Ltd and Zee Learn were sold in open market.

Tata Motors, L&T, ITC and Dr Reddy's Labs: MSCI said it will seek to exclude the shares being offered through global and american depository receipts while calculating foreign ownership limits. This change could lead to a $12 billion selloff with blue-chip stocks such as Tata Motors, L&T, ITC and Dr Reddy’s Labs taking a hit.

Coal India: The company announced a buyback of 4.46 crore shares of Rs 10 each for an aggregate consideration of close to Rs 1,050 crore.

HPCL, ONGC: The government has directed Hindustan Petroleum to acknowledge ONGC as a promoter in regulatory filings in a move aimed at ending the year-long slugfest between the two companies that has obstructed synergy gains from the Rs 37,000-crore acquisition deal.

DHFL: Crisis-ridden Dewan Housing Finance and US-based financial services major Prudential Financial are looking to sell their respective stakes in the domestic life insurance joint venture, DHFL Pramerica Life Insurance Company.

Jubilant FoodWorks: The National Anti-Profiteering Authority (NAA) has fined Jubilant FoodWorks, which operates the Domino’s Pizza chain in India, Rs 41.42 crore for not passing on the benefit of a reduction in the goods and services tax (GST) to consumers. The company has been asked to deposit the amount with the government.

IDBI Bank: IDBI Bank’s December quarter losses nearly tripled as the bank accelerated provisions on bad loans for some accounts particularly from the power sector which are not expected to be recovered any time soon.

GSK Pharma: Drug firm GlaxoSmithKline (GSK) Pharmaceuticals on Monday reported a 26% rise in its standalone net profit at Rs 113 crore for the quarter ended December 31, 2018, mainly on account of a one-time gain of ₹28 crore. The company had posted a net profit of Rs 89.7 crore for the corresponding period of the previous fiscal, the firm said in a filing to the BSE.

Lakshmi Vilas Bank: The lender reported their fifth straight quarterly loss in the December quarter on increased provisions for bad loans and as credit book shrunk due to bank’s shrinking capital reserves. Net loss was at Rs 373 crore against Rs 39 crore in the year ago period.

SBI: The government plans to sell stakes in better-performing state-run banks, including the State Bank of India, as part of its Rs 90,000 crore disinvestment programme for FY20. The government holds more than 75 per cent stake in five banks, including Central Bank of India, Corporation Bank and Allahabad Bank.

Future Retail: Future Retail said it will raise Rs 2,000 crore from promoters which will be used to lower rentals, one of the biggest costs of running retail operations.

Welspun India: The Welspun Group firm said its profit after tax (PAT) after minority interest and exceptionals declined by 39.2 per cent during the third quarter of this financial year to Rs 47.1 crore compared to the same period last year.

Titan Company: HSBC has maintained buy rating on Titan Company and raised target price to Rs 1,180 from Rs 1,090. While P/E of 47 times FY20 estimated earnings appears optically expensive, it builds in long-term earnings growth expectations in the range of 14-15 per cent, said HSBC.

Future Lifestyle Fashions: CLSA has maintained buy rating on Future Lifestyle Fashions and raised target price to Rs 560 from Rs 470. The brokerage sees strong growth visibility for Future Lifestyle, particularly for brand factory given its near-monopolistic status, increasing bargaining power with brands and strong value proposition compared to the unorganised sector.

Source:-https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-the-news-techm-pnb-dhfl-coal-india-jubilant-foodworks-zee-and-dish-tv/articleshow/67843850.cms