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5 Stocks In News On July 22, 2020

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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:
 

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:

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:

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:
 

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:

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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