Domestic equity markets are likely to open on a flat note with positive bias on Tuesday following Nifty futures on the Singapore Stock Exchange (SGX Nifty) and mixed global cues.
Here is a list of Top stocks that are likely to be in focus today:
ICICI Bank: Private player ICICI Bank on Monday said it will sell a part of its stake in joint-venture firm ICICI Lombard General Insurance Company Ltd through an Initial Public Offer.
Adani Power: The board of Adani PowerBSE 0.75 % will meet on Tuesday to consider hiving off its flagship Mundra power station to a new subsidiary in which a Gujarat government entity may take a majority stake.
CadilaBSE 2.33 % Healthcare: Drug firm Cadila HealthcareBSE 2.33 % has received Establishment Inspection Report (EIR) from the US health regulator for its Baddi facility in Himachal Pradesh. The United States Food and Drug Administration (USFDA) had earlier given three observations under Form 483 after the inspection of the facility.
SBI: Country's largest lender State Bank of IndiaBSE 1.01 % (SBI) on Monday opened share sale through private placement at Rs 287.58 apiece to raise Rs 11,000 crore. This is part of plans to garner Rs 15,000 crore capital from markets in the current fiscal.
ITC: ITCBSE -2.06 % would sell premium fruits and vegetables and pricey processed foods, competing directly with existing retailers and newage grocers such as Amazon Fresh, hastening its transformation into one of India’s most diversified consumer companies from just the country’s biggest cigarette maker.
DEN Networks: Cable TV services provider DEN Networks will exit from TV commerce business to focus on cable and broadband segments by selling its entire stake in Macro Commerce on a going concern basis.
Bharti Airtel: The telcom major is in talks with Google for deployment of WiFI hotspots for the US internet major’s station WiFi service in India, a move that can help India’s top telco improve broadband experience as it fights to retain, if not add, subscribers amid intense competition.
India Grid Trust: India Grid Trust, which recently concluded its Rs 2,250 crore initial public offering, is going to make its stock market debut on June 6.
Grasim Industries: The company said that the National Company Law Tribunal (NCLT), bench at Ahmedabad, approved of the merger of Aditya Birla NuvoBSE 0.43 % (ABNL) and Grasim IndustriesBSE 0.09 % to be followed by the listing of Aditya Birla Financial Services (ABFSL). The announcement was made after market hours on Monday.
Wipro: WiproBSE -0.04 % issued clarification to the stock exchanges regarding media news item titled “Wipro promoters in early stage of evaluating sale of part or whole business.” The company said that the news article is baseless and malicious. There is no truth to these unsubstantiated rumours, it added.
No comments:
Post a Comment