ICICI Bank, ITC, Dr Reddy’s Labs: Eros International, Bharat Electronics, Indian Overseas Bank, ICICI Bank, ITC, Dr Reddy’s Labs, UPL, DB Realty, Shoppers Stop, Jindal Stainless and Edelweiss Financial Services are among dozens of companies, which will announce their quarterly results later in the day.
Dish TV: Direct-to-home (DTH) company Dish TVNSE 3.92 % has asked the Securities and Exchange Board of India (Sebi) to launch an investigation into the “hammering” of its stock-price and “unusual” trading pattern of the company’s equity shares.
Bharti Airtel: Leading telecom firm Bharti Airtel surprised Dalal Street on Thursday by reporting a profit for the quarter ended September 30, thanks to a deferred tax gain. The company’s PAT fell 65.36 per cent to Rs 118.80 crore in Q2FY19 over Rs 343 crore in the same period last year.
Yes Bank: The private lender on Thursday said its profit dropped 3.8% year-on-year to Rs 964.70 crore for September quarter due to onetime hit on mark-to-market (MTM) investments in corporate bonds and higher provisions on loans to a corporate client.
BHEL: The board of state-run BHEL approved a proposal to buy back 18.93 crore company shares, aggregating Rs 1,628 crore, through a tender offer route.The buyback, whose price is set at Rs 86 a piece, will represent 5.16 per cent of the paid-up share capital and free reserves of the company.
Maruti Suzuki: The carmaker has posted its first profit drop in 18 quarters. The company reported a dip of 10% in net profit in the September quarter on lower demand, higher promotional expenses and currency woes.