Top stocks in focus: Reliance Industries, LIC Housing Finance, ISMT, FDC, Sunteck Realty

Check out the stocks that will be in focus during trade today based on recent and latest news developments.

Jul 13, 2021 07:07 IST India Infoline News Service

Reliance Industries has invested Rs1,00,000 in cash in 10,000 equity shares of Rs10 each of 'Reliance New Energy Solar' (RNESL), a newly incorporated wholly owned subsidiary. RNESL is incorporated to undertake activities relating to solar energy. RNESL is yet to commence its business operations.

LIC Housing Finance: ICICI Prudential Asset Management Company Ltd sold 1,94,291 equity shares (0.04% stake) in LIC Housing Finance, reducing shareholding to 3.01% from 3.05%.

ISMT reported a consolidated loss of Rs112.2cr in Q4FY21 against a loss of Rs79.11cr in Q4FY20, revenue rose to Rs459cr from Rs276.24cr yoy.

FDC launched India's first oral suspension of Favipiravir – Favenza oral suspension, used to treat mild to moderate cases of Covid-19.

Sunteck Realty’s pre-sales grew by 74% yoy in Q1FY22 to Rs176cr, and collections grew by 165% yoy in Q1FY22 to Rs172cr.

Aegis Logistics and Royal Vopak of the Netherlands to form a major joint venture for LPG and chemical terminals in India.

Datamatics Strengthens Sales Leadership Team - appoints Aabhas Zaveri to lead Intelligent Automation Business in North America.

Shilpa Medicare approved the transfer of API business consisting of Unit-1 and Unit-2 situated at Raichur, Karnataka by way of slump sale to a wholly owned subsidiary of the company.

Results today: Mindtree, Tata Metaliks, Deccan Health Care, Gagan Gases, Shree Ganesh Remedies, TPI India, and WS Industries.

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