Stocks to track in trade today: ONGC, Bharti Airtel, JSPL, M&M Finance

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Stocks in news today&nbsp

Key Highlights


ONGC reported a first-ever quarterly loss of Rs 3,098 crore


Carlyle is to acquire 25 percent stake in Airtel’s Data Centre business


JSPL is looking to sells stake in its Oman subsidiary to Templar Investments Limited

ONGC 
ONGC reported a first-ever quarterly loss of Rs 3,098 crore on account of impairment loss which the company accounted for due to the fall in oil & gas prices. The Revenue from operations during the quarter declined 26.9 percent to Rs 21,456.2 crore on a year on year basis. The operational performance was also impacted partly due to the lower revenues. The EBITDA fell by 37 per cent to Rs 5,549 crore. 

RITES 
RITES reported a 4.3 per cent decline in its profit to Rs 144 crore for the quarter ended March 31, 2020 as against Rs 150.5 crore in the corresponding period of the previous fiscal. The revenue declined by 22.6 per cent to  Rs 570.7 crore during the quarter under review as against Rs 737.3 crore in the corresponding period of the previous fiscal. 

Bharti Airtel 
Carlyle is to acquire 25 percent stake in Airtel’s Data Centre business. The Carlyle Group will invest approximately $235 million in Nxtra Data.Carlyle values Airtel’s Data Centre Business Nxtra at a valuation of $1.2 …

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