5 Stocks In News On July 22, 2020

On Trump's comments that the coronacrisis will prolong and before things get any better things will be worse, Asian markets open weak and on similar lines Indian markets which hit four-month high has once again receded lower as coron concern continues to loom.

5 Stocks In News On July 22, 2020

Here are some stocks in focus on stock specific news:

1. HUL:

After market hours the FMCG major released its Q1FY 21 result with a 7.1% year on year jump in net profit. The company's revenues rose 4.4% during the period under review to ₹10,560 crore.

2. Bajaj Finserv:

On a consolidated basis net profit at the company rose 44% to Rs. 1215 crore primarily from the back of reasonable earnings from its insurance companies.

3. Cipla:

The pharma major's subsidiary Cipla Pharma Lanka (CPL) has been amalgamated into its another step down subsidiary , Breathe Free Lanka (BFL), with effect from May 01, 2020. "Upon amalgamation into BFL, CPL stands dissolved without winding up," Cipla said in a regulatory filing.

4. Indian Hotels Company:

The company said it has acquired the remaining stake in ELEL Hotels and Investment from the Nanda family, making the company a complete leasehold owner of Sea Rock hotel site in Mumbai by the end of December, 2021.

5. Yes Bank:

As per a Moody's report, the fund raising to the tune of Rs. 15000 crore is being deemed as credit positive for the banker as it augments it core capital and loss absorbing buffers.

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