Stocks in news: HDFC Bank, IDFC First Bank, IDBI Bank, Dr Reddy's, Lloyds Metals
HDFC Bank advances rose 53% to Rs 24.87 lakh crore. LIC boosted IDFC First Bank's stake to 2.68%. Dr Reddy's, Sun Pharma recalled items in the US. PNB's global business grew 10%. Raymond Realty, Poonawalla Fincorp, IDBI, Ujjivan SFB, Lloyds Metals, RBL Bank's deposits rose 18%, and Mahindra Lifespace will redevelop Mumbai societies.
Domestic markets traded within a narrow range and ended nearly unchanged on Thursday, pausing after Wednesday's gains. In today's trade, of , , , , among others will be in focus due to various news developments and first-quarter updates.HDFC Bank
India's leading private lender HDFC Bank on Thursday said its gross advances registered a growth of 53% year-on-year to Rs 24.87 lakh crore in the first quarter.
IDFC First Bank
State insurer Life Insurance Corporation of India (LIC) has increased its shareholding in IDFC First Bank to 2.68% acquiring the lender's shares at a price of Rs 80.63 per share.
Sun Pharma, Dr Reddy's
Dr Reddy's Laboratories and Sun Pharma are recalling products in the US due to manufacturing issues, as per the latest Enforcement Report by the US Food and Drug Administration (USFDA).
Ujjivan Small Finance Bank
Ujjivan SFB reported 22% year-on-year growth in its total deposits for the first quarter, while loan book was up 19% year-on-year.
PNB
PNB's global business jumped 10% year-on-year in the June quarter, while advances were up 13% year-on-year.
Ircon
Ircon received an order worth Rs 750.82 crore from Rail Vikas Nigam Limited (RVNL).
Lloyds Metals
Lloyds Metals and Energy to rise funds through a qualified institutional placement, which opened on Thursday. The floor price was set at Rs 732.08 per share.
Raymond
The Board of Raymond on Thursday approved a scheme of arrangement under which Raymond Realty, the real estate business arm of the company will be demerged.
Poonawalla Fincorp
Poonawalla Fincorp's first quarter update showed that disbursements were up 5% year-on-year to Rs 7,400 crore.
RBL Bank
RBL Bank's total deposits for the first quarter increased 18% year-on-year and advances were also up 18% year-on-year.
BGR Energy Systems
BGR Energy Systems to raise up to Rs 1,000 crore through rights issue.
IDBI Bank
IDBI Bank's total deposits increased 13% year-on-year to Rs 2.77 lakh crore, while net advances were up 17% year-on-year to Rs 1.94 lakh crore.
Mahindra Lifespace
Mahindra Lifespace to redevelop 7 residential societies in Borivali, Mumbai. The Project's gross development value is seen at Rs 1,800 crore.
IDFC First Bank
State insurer Life Insurance Corporation of India (LIC) has increased its shareholding in IDFC First Bank to 2.68% acquiring the lender's shares at a price of Rs 80.63 per share.
Sun Pharma, Dr Reddy's
Dr Reddy's Laboratories and Sun Pharma are recalling products in the US due to manufacturing issues, as per the latest Enforcement Report by the US Food and Drug Administration (USFDA).
Ujjivan Small Finance Bank
Ujjivan SFB reported 22% year-on-year growth in its total deposits for the first quarter, while loan book was up 19% year-on-year.
PNB
PNB's global business jumped 10% year-on-year in the June quarter, while advances were up 13% year-on-year.
Ircon
Ircon received an order worth Rs 750.82 crore from Rail Vikas Nigam Limited (RVNL).
Lloyds Metals
Lloyds Metals and Energy to rise funds through a qualified institutional placement, which opened on Thursday. The floor price was set at Rs 732.08 per share.
Raymond
The Board of Raymond on Thursday approved a scheme of arrangement under which Raymond Realty, the real estate business arm of the company will be demerged.
Poonawalla Fincorp
Poonawalla Fincorp's first quarter update showed that disbursements were up 5% year-on-year to Rs 7,400 crore.
RBL Bank
RBL Bank's total deposits for the first quarter increased 18% year-on-year and advances were also up 18% year-on-year.
BGR Energy Systems
BGR Energy Systems to raise up to Rs 1,000 crore through rights issue.
IDBI Bank
IDBI Bank's total deposits increased 13% year-on-year to Rs 2.77 lakh crore, while net advances were up 17% year-on-year to Rs 1.94 lakh crore.
Mahindra Lifespace
Mahindra Lifespace to redevelop 7 residential societies in Borivali, Mumbai. The Project's gross development value is seen at Rs 1,800 crore.
Source: Stocks-Markets-Economic Times
