Home Entertainment Top 5 stocks (19th August) | Zee Entertainment reports Q1FY21 numbers, Reliance subsidiary RRVL acquires equity stake in Vitalic Health

Top 5 stocks (19th August) | Zee Entertainment reports Q1FY21 numbers, Reliance subsidiary RRVL acquires equity stake in Vitalic Health

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Top 5 stocks (19th August) | Zee Entertainment reports Q1FY21 numbers, Reliance subsidiary RRVL acquires equity stake in Vitalic Health

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Here are the top 5 stocks to watch in trade:

1. Zee Entertainment Enterprises: Broadcaster Zee Entertainment reported its net profit in the quarter ended June slumped 94.5 per cent to Rs 29.28 crore, as ad revenues dropped sharply in the wake of Covid-19 pandemic.

2. Indiabulls Real estate: The Indiabulls Group is close to a deal that will see its exit from the real estate development space, one of the areas its name has been associated with for years. This would be a three-way deal involving Indiabulls group, Bangalore-based real estate major Embassy Group and global private equity giant Blackstone. It will result in the unlisted Nam Estates merging into the listed Indiabulls Real Estate through a share-swap deal.

3. HAL posted 1.04 per cent lower profits at ₹1,226.01 crores on a consolidated basis for the first quarter of FY2020-21 as against ₹1,238.93-crore profits recorded in the same period last year. The company’s income is lower by 1.18 per cent to ₹10,399.28 crores as against ₹10,277.59 crores in the same period last year. 

4. PVR, INOX
The Centre is likely to allow cinema halls to reopen from next month under strict social distancing rules. Well-placed government sources told ET that the Centre is likely to include this easing in the guidelines to be issued by the end of August.

The standard operating procedure for theatres would include seating customers in alternate rows. Each row would leave three seats empty between two sets of bookings, which means a family would be able to sit together but three-seat apart from another family. Cinema halls will operate at one-third capacity and have a maximum capacity cap

5. Reliance Industries 
(RIL) announced that its subsidiary Reliance Retail Ventures Limited (RRVL) has acquired a majority equity stake in Vitalic Health and its subsidiaries Netmeds for a cash consideration of approximately Rs 620 crore.



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