Stocks to watch: InterGlobe Aviation, Punjab National Bank, Indian Overseas Bank, Nava Bharat Ventures, HFCL, HSIL, Nxtdigital

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Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could slump 192 points at the opening bell. Overseas, Asian stocks are trading lower on Tuesday, following a sell-off in tech stocks that weighed down major U.S. indexes overnight.

InterGlobe Aviation: The board of directors of the company has approved raising up to Rs 3,000 crore through a QIP process.

Punjab National Bank (PNB): The bank has informed BSE that the meeting of the board of directors of the bank is scheduled on 14 May 2021, to consider and approve Qualified Institutions Placement of equity shares.

Indian Overseas Bank (IOB): The meeting of the board of directors of the bank is scheduled on 17 May 2021 to consider and approve allotment of equity share to GoI on a preferential basis.

Nava Bharat Ventures: The company has synchronized the 60MW IPP in Odisha with the Grid and has commenced power flows for merchant trade henceforth.

HFCL: The company reported a higher consolidated profit at Rs 84.67 crore in Q4FY21 against Rs 5.78 crore in Q4FY20, revenue rose to Rs 1,391.4 crore from Rs 663.19 crore YoY.

HSIL: The company reported profit at Rs 33.02 crore in Q4FY21 against Rs 3.38 crore in Q4FY20, revenue jumped to Rs 633.21 crore from Rs 461.03 crore YoY.

Nxtdigital: Company’s board on May 13, 2021, may consider the proposal of fundraising by offer and issuance of fully paid-up equity shares of the company by way of a rights issue to the eligible shareholders.