Stocks in the news: Tata Motors, Berger Paints, HPCL, Adani Enterprises, PVR, Inox Leisure & Adani Power

NEW DELHI: Nifty futures on the Singapore Exchange traded 0.79 per cent or 96 points lower at 12,061 at 8 am, indicating a weak start for Dalal Street. Here are the top stocks that are likely to buzz the most today:

Q2 earnings today: Berger Paints, Aditya Birla Capital, Adani Power, Adani Transmission, Bajaj Electricals, Godrej Consumer Products, Gujarat Gas, Matrimony.com and Trent are among companies that are scheduled to announce their September quarter earnings in the day.

JK Lakshmi Cement: The cement major reported a 86.90 per cent rise in consolidated net profit at Rs 92.93 crore for the second quarter ended September 30, helped by cost reduction. It had posted a net profit of Rs 49.72 crore in July-September quarter a year ago.

Tata Motors: Global ratings agency S&P downgraded Tata Motors outlook rating from B stable to B negative.

HPCL: Oil marketing player Hindustan Petroleum Corporation Limited (HPCL) on Wednesday said the board has approved the proposal to buyback 10 crore shares, or 6.56 per cent equity stake, at Rs 250 per share. In another update, HPCL also posted 290 per cent year-on-year rise in net profit at Rs 2975.83 crore for the quarter ended September 30. It had posted a profit of Rs 761.65 crore for the corresponding quarter last year.

SRF: Chemicals maker SRF said its consolidated net profit rose 57 per cent to Rs 316 crore for the quarter ended September. Its net profit stood at Rs 201 crore in the year-ago period.

United Spirits: Diageo-controlled liquor maker United Spirits Ltd reported a 20.62 per cent decline in its consolidated net profit at Rs 125.1 crore for the second quarter ended September 2020. The company had posted a net profit of Rs 157.6 crore in the July-September quarter a year ago, USL said in a regulatory filing.

Pidilite: The company reported a 9.66 per cent increase in consolidated net profit at Rs 356.44 crore for the September quarter. The company, a leading manufacturer of adhesives, sealants and construction chemicals, had posted a profit of Rs 325.04 crore in the July-September period a year ago.

EIH: EIH Ltd, which runs hotels and resorts under the Oberoi and Trident brands, reported a consolidated net loss of Rs 118.77 crore for the quarter ended September on account of the impact of the Covid-19 pandemic. It had posted a profit of Rs 30.55 crore for the corresponding period of the previous fiscal.

Godrej Agrovet: The company reported a 13 per cent increase in consolidated net profit at Rs 115.51 crore for the quarter ended September. Its net profit stood at Rs 102.65 crore in the year-ago period.

Adani Enterprises: Adani Enterprises on Wednesday reported a consolidated profit of Rs 435.73 crore for the second quarter ended September. The Gautam Adani-led company had clocked a consolidated loss of Rs 10.06 crore in the corresponding quarter a year ago.

PVR, Inox Leisure: In a major relief for the entire film industry, the Uddhav Thackeray-led Maharashtra Vikas Aghadi government on Wednesday gave permission to reopen cinema halls in the state starting November 5.

Adani Green Energy: Adani Green Energy on Wednesday reported over 82 per cent decline in its consolidated net profit to Rs 17.57 crore in September quarter mainly due to higher expenses.

SAIL: State-owned steelmaker, Steel Authority of India has reported a 21 per cent year-on-year growth in steel sales at 1.34 million tonnes during October

PNB Housing Finance: With about Rs 1,800 crore equity fund raise in the pipeline, PNB Housing Finance plans to repay its high-cost borrowings and will ask its lenders to sweeten the lending rates as the firm is working consistently to improve profitability parameters besides enhancing the value proposition for the investors, PTI reported citing MD and CEO Hardayal Prasad said.

Adani Gas: Adani Gas Ltd on Wednesday announced the acquisition of city gas licences for Ludhiana, Jalandhar and Kutch (East) from Jay Madhok Energy for an undisclosed sum of money.

Jubilant Lifesciences: Drug firm Jubilant Life Sciences on Wednesday reported a 10.13 per cent decline in its consolidated net profit to Rs 224.12 crore for the quarter ended September, mainly on account of higher taxes.

NMDC: State-owned iron ore producer, NMDC has reported a 2 per cent year-on-year fall in October production at 2.43 million tonnes on the back of Covid-related challenges and a heavy monsoon, the company said in a statement.

Jindal Steel & Power: Jindal Power Ltd, a subsidiary of Jindal Steel & Power, on Wednesday emerged as highest bidder for a large coal block in Chhattisgarh, pipping Adani Enterprises and Hindalco Industries.