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    Stocks in the news: YES Bank, Wipro, Titan, Mindtree, RCom and L&T Infotech

    Synopsis

    Billionaire investors Rakesh and Rekha Jhunjhunwala have increased their stake in Titan.

    Rise--fall--ShutterShutterstock.com
    Mindtree reported a 3 per cent rise in consolidated net profit at Rs 197 crore for the December 2019 quarter.
    NEW DELHI: Nifty futures on the Singapore Exchange traded 12 points, or 0.10 per cent, lower at 12,378, indicating a tepid start for Dalal Street. Here are a few stocks which may buzz the most in today’s trade:

    L&T Infotech, Den Networks: Sterlite Technologies, L&T Infotech, Den Networks, Tinplate Company of India and RIIL are among companies which will release their third quarter results today.

    Wipro: Third-largest IT firm Wipro reported 3.2 per cent year-on-year (YoY) drop in consolidated profit for the December quarter, and forecast a modest revenue growth in the quarter ending March 31.

    YES Bank: The private bank said it has acquired around 30 per cent stake in a wholly-owned subsidiary of Reliance Power pursuant to invocation of pledged shares.

    Titan Company: Billionaire investors Rakesh and Rekha Jhunjhunwala have increased their stake in Titan from 6.51 per cent to 6.69 per cent in December quarter, latest shareholding data showed.

    SBI: The country's largest lender State Bank of India (SBI) has reduced interest rates on retail term deposits by 15 basis points on certain tenures, effective January 10.

    D-Mart: Avenue Supermarts, which owns and operates the DMart supermarket chain, is planning a Rs 6,200 crore stake sale to institutional investors as promoter Radhakishan Damani looks to trim his holding to 75% in line with regulations.

    Future Retail: The owner of Big Bazaar chain raised $500 million in its maiden overseas bond issue, with total offers at six times the quantum of debt on offer.

    RCom: Reliance Jio Infocomm and UV Asset Reconstruction Company have been selected as the highest bidders for the assets of Reliance Communications and its two units.

    BSE: The exchange said it will introduce future contracts on brent crude oil from January 27. In a circular, the BSE said, "Exchange shall introduce futures contracts on brent crude oil in commodity derivatives segment with effect from January 27, 2020."

    Tata Steel BSL: Tata Steel BSL on Tuesday reported widening of consolidated net loss to Rs 501.5 crore for the quarter ended December 31. The company had posted a consolidated net loss of Rs 239.6 crore in the year-ago period, Tata Steel BSL said in a filing to the BSE.

    Mindtree: IT firm Mindtree reported a 3 per cent rise in consolidated net profit at Rs 197 crore for the December 2019 quarter. The company had posted a net profit of Rs 191.2 crore in the same period last year, Mindtree said in a regulatory filing.

    Jindal Steel and Power: The company said its 1.80 MTPA direct reduced iron plant-based on coal gasification process has resumed operations in Odisha’s Angul district.

    Canara Bank: The state-run bank has once again announced its decision to call off the divestment process of its entire stake in Can Fin Homes, a few months after Baring PE Asia emerged as the sole bidder for the mortgage lender.

    India Cements: The stock will be in focus after veteran investor Radhakishan Damani increased his stake in the company by 3.43 per cent in the December quarter.



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

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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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