Stocks market: Axis Bank, AU Small Finance, Lupin, Biocon, Sun Pharma, ABB India


Listing of shares that may also be in information on Friday:

Axis Bank: Max Financial Services and Axis Bank will make adjustments to certain alternatives that were agreed upon formerly this year for the lender to hike stake in Max Life Insurance, following a correspondence from regulator Irdai, according to a regulatory filing.

AU Small Finance Bank: The lender reported a 6% rise in its internet earnings at ₹201 crore in the April-June quarter of the contemporary fiscal year. The bank had posted an internet earnings of ₹190 crore in the corresponding quarter a year ago.

Biocon: The company’s Q1FY21 consolidated income grew 14% to ₹1,690 crore from ₹1,483 crore in Q1FY20. Biocon’s internet profit in June quarter stood at ₹149 crore versus ₹206 crore in the equal quarter of the preceding fiscal.

Lupin: The business enterprise has obtained tentative nod from the US health regulator to market generic Empagliflozin and Linagliptin tablets, used as an adjunct to diet and exercise to enhance glycaemic control in adults with type two diabetes.

Sun Pharma: Taro Pharmaceuticals Ltd, a subsidiary of Sun Pharma, has resolved all instances involving the organization in connection with the multi-year investigations by the Department of Justice, Antitrust Division and Civil Division into the US standard pharmaceutical industry.

ABB India: Engineering company ABB India reported about 76% decline in internet income at ₹16.75 crore for the June quarter, mainly due to decrease revenues. The company’s internet income stood at ₹69.74 crore in the quarter ended June 30, 2019, it said in a regulatory filing.

HPCL: The company’s sales dropped 48.5% y-o-y in April 2020 due to tremendous fall in the demand during the nationwide lockdown, it said while disclosing the influence of covid-19 on business. With the relaxations announced via government associated to motion of people, goods and services, the demand for petroleum products gradually improved. Sales of petroleum products in May 2020 was about 77% in contrast to May 2019 and sales in June 2020 was about 91% as in contrast to June 2019, it added.

Wipro: IT essential Wipro will collect 4C, one of the largest Salesforce partners in the UK, Europe and Middle East, for 68 million euros (about ₹589 crore).

Bank of Maharashtra: State-owned Bank of Maharashtra mentioned 24.69% jump in net profit at ₹101 crore for June quarter 2020-21 helped by healthy interest income and lower operating cost. The lender had mentioned a profit after tax of ₹81 crore in the year-ago identical quarter and ₹58 crore in the quarter ended March 31, 2020.

Can Fin Homes: The housing finance arm of Canara Bank, on Thursday stated its board has authorised plan to elevate up to ₹5,000 crore. The bank will increase up to ₹4,000 crore by using issuance of redeemable, secured or unsecured non-convertible debentures or bonds. The board also authorised further issue of shares/specified securities via rights/qualified establishments placement and/or preferential allotment foundation or any other mode for an quantity not exceeding ₹1,000 crore.


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