Reliance Industries, Rossari Biotech, Tata Power and other stocks to watch out for on June 3
Jun 3, 2021
Reliance Industries
It will complete the separation of its oil-to-chemicals business into a subsidiary by the end of 2021. Jio and Qualcomm have successfully tested 5G solutions, achieving 1Gbps speeds. It has also made a pre-payment of $7.8 billion long-term foreign currency debt.
Credit: BCCL
Rossari Biotech
It will acquire Unitop Chemicals, which supplies surfactants, emulsifiers and specialty chemicals, in a deal worth ₹421 crore.
Credit: Rossari-Biotech
Tata Power
Its subsidiary, Tata Power Solar, has received orders worth ₹686 crore to set up 210MWp of solar projects in Gujarat for the state-owned NTPC. Tata Solar Power now has a total order pipeline of 2.8GW, worth ₹13,000 crore.
Credit: Pixabay
Punjab National Bank
It has reduced its benchmark one-year marginal cost of funds-based lending rate by 0.05 percent to 7.3 percent.
Credit: BCCL
Honeywell Automation India
It reported a fall in its March 2021 quarter net profit to ₹104 crore from ₹111 crore. Revenue fell by over 4 percent to ₹673 crore, year-on-year.
Credit: Honeywell-Automation-India
Cipla
The pharma giant is in talks with the government for clarity and guidance on the roadmap for importing vaccines in the country.
Credit: Cipla
Asian Granito India
Its March 2021 quarter net profit tripled to ₹20 crore while revenue surged by over 68 percent to ₹434 crore, year-on-year.
Credit: Asian-Granito-India