SGX Nifty Futures indicated a possible start for Indian stock indices on Thursday. Here are the top stocks to watch for during today’s session:
Mrs. Bectors: Ms. Bectors Food stocks will debut on the stock markets today. The IPO with the 198-fold bid is the most-subscribed issue of the 2020 financial year.
DTH service provider: The holdings of DTH service providers like Dish TV, Hathaway Cables and Den Networks will be in focus today after the Union Cabinet approved changes to the Direct-to-Home Service (DTH) guidelines to apply to them to adapt the existing directive 100 percent foreign direct investment in the area of DTH broadcasting services. It also states that licenses are now issued for a period of 20 years with an extension provision every 10 years.
Telecommunications stocks: Telecommunications company stocks are likely to react to Trai data released on Wednesday, which showed Bharti Airtel put Reliace under pressure to add cellular customers in October. This is the second month in a row that Airtel recorded the highest number of subscribers with 3.67 million new customers. Reliance Jio followed with 2.22 million new cellular customers, while Voda Idea lost the maximum number of cellular customers during the month. The company lost 2.65 million subscribers.
Vedanta: The sponsors of Vedanta Limited plan to make qualified institutional buyers (QIBs) an offer to buy up to 4.98 percent of the shares in the base metals listed in India in the crude oil producer through accelerated purchase of shares (block deals) in the book build on Thursday to buy. Aurobindo Pharma: The company has signed an exclusive agreement with COVAXX to develop and commercialize the COVID vaccine UB-612 for India and UNICEF
Bharat Forge: Bharat Forge, major in auto components, said on Wednesday that its three Germany-based subsidiaries had reached an agreement with the European country’s national competition regulator in connection with two separate proceedings. “On this matter, the German subsidiaries have reached an agreement totaling 32 million euros (around 287 billion rupees), which will be paid over the next five years.
The terms of the settlement are confidential under the applicable laws, “it said.
Tata Communications: Digital technology company Tata Communications announced on Wednesday that it had acquired a 58.1 percent stake in France-based eSIM company Oasis Smart SIM Europe SAS (Oasis). Oasis develops and offers advanced technologies and personalized services to enable the deployment of eSIM and SIM technologies.
Ambuja Cement & ACC: The Board of Directors of approved the renewal of the current technology and know-how contract with Holcim Technology, according to which the company pays TKH fees of 1% of net sales per year to HTL for a period of 2 years from January 1, 2021 on the same terms as the present TKH agreement.
AU Small Finance Bank: The AU Small Finance Bank (AU Bank) launched a new mobile banking app and a net banking portal on Wednesday. The new platforms will offer over 100 services that cater not only to regular banking needs but also to daily lifestyle needs such as ticket booking, bill payments, tax payments and shopping offers, the bank said in a statement.
Bombay Rayon Mode: Fabrics and apparel maker Bombay Rayon Fashions Ltd (BRFL) has announced that its Tarapur yarn dyeing and processing unit will be transferred to its subsidiary BRFL Textiles Private Ltd. as part of its restructuring efforts. to outsource. The board of directors of the troubled company approved the burglary sale on Sept. 2 for a total of Rs 630 billion in compensation payable by its subsidiary, BRFL said in a statement.
Orient Bell: Equity Intelligence India and Porinju Veliyath increased their stake in the company from 4.91 percent previously to 5.02 percent.
CG Power: CG Power and Industrial Solutions announced on Wednesday the inauguration of its smart motor manufacturing facility in Ahmednagar, Maharashtra. Located in Ahmednagar, this is the company’s seventh manufacturing facility, which covers an area of 4,200 square meters and is equipped with the latest world-class equipment and machinery, the company said in a statement.
Zee Media Corporation: Zee Media’s Board of Directors has approved, among other things, the fundraising conditions through the issuance and allotment of up to 2,500 secured NCDs with a face value of Rs 10 lakh each for cash at face value, adding up to Rs 250 crore in one or more Series on a private placement basis.
Indiabulls Housing Finance: Tower Research Capital Markets India bought 21.75 lakh shares or 0.47 percent stake in IB Housing at 197.59 rupees per share and sold 25.34 lakh shares or 0.55 percent stake at 198.38 rupees each Share.
3i Infotech: Standard Chartered Bank sold 1 crore shares, or 0.62 percent, of 3i Infotech at Rs 5.15 per share on the NSE.
Majesco: Third Alpha LLP & Others increased its stake in companies from 4.83 percent previously through open market transactions to 5.40 percent.
HDFC: The biggest Pureplay mortgage player HDFC, which signed a pact with the Indian Green Building Council (IGBC) on Wednesday, said its book on retail credit for eco-friendly housing exceeded Rs 14,000 for 310 certified eco-friendly buildings. The mortgage lender said that 75 percent of its lease discounting portfolio has green ratings.