At 8:30 am, Nifty futures on the Singapore Exchange (SGX) was trading 26.50 points, or 0.19 percent, lower at 13,681, indicating a flat to negative start for the Indian market on Thursday.
Here is a list of the stocks that may remain in focus today.
IndusInd Bank: IndusInd Bank, a private lender, said on Wednesday that Sebi had granted its promoters a one-month extension to provide residual capital instead of converting over Rs.2,695 billion worth of warrants into equity last year invest.
Hero MotoCorp: Hero MotoCorp said it will increase the prices of its vehicles by up to Rs 1,500 from January 1, 2021 to offset the impact of rising input costs.
Wipro: Wipro completed the acquisition of 83.4 percent of the shares in Encore Theme Technologies, based in Chennai, on Wednesday. In October the company announced it would sign a definitive agreement to acquire Encore Theme for up to Rs.95 billion.
YES bank: According to media reports, foreign broker Macquarie believes the private lender’s YES bank could have short-term asset quality issues as the pandemic continued to plague much of the formal and informal economy.
Navin Fluor: Navin Fluorine’s Board of Directors has approved an investment of Rs.195 billion to build a multi-purpose facility.
DHFL: The Piramal Group plans to merge its financial services business with DHFL and has sweetened its Rs 35,550 billion offering to fixed-term depositors by reserving an additional Rs. 300 billion for them. The plan depends on the DHFL’s committee of creditors (CoC) accepting the offer made against rival Oaktree.
LVB: Lakshmi Vilas Bank (LVB), which merged with DBS Bank India last month, announced that trading in its shares will be withdrawn effective December 18, 2020.
Snowman logistics: At its meeting on December 21, the Board of Directors will consider a proposal to raise funds through a qualifying institution placement. In the meantime, Adani Logistics sold 9.70 Lakh shares, or 0.58 percent of the shares in the company, for 59.51 rupees per share.
Cheering FoodWorks: Jubilant FoodWorks is with the new brand ‘Ekdum!’ Entered the Biryani segment. as part of the portfolio expansion.
IndiGo, Spicejet, Jet Airways: Aviation stocks could come under pressure today after the price of aviation turbine fuel (ATF) rose a steep 6.3 percent on Wednesday.
CSB Bank: Nomura Singapore bought 14.96 lakh shares at Rs 214.5 per share.
Majesco: Third Alpha LLP bought 2.35 Lakh shares or 0.79 percent of the shares at Rs 977.81 per share.
Videocon: Videocon Industries ‘lenders have approved Twin Star Technologies’ offer, sponsored by the family of billionaire Anil Agarwal, as part of the bankruptcy of the indebted company.