Nifty futures on the Singapore Exchange were, at 8:20 AM, trading at 14,131, up almost 0.82 per cent, indicating a gap-up start for the benchmark fairness indices on Monday.
Here’s a look at top stocks that are likely to be in focus today:
Rashtriya Chemical: The government is planning to sell 10 per cent stake in Rashtriya Chemical and Fertilizers and has invited bids from merchant banker and legitimate firms for managing the share sale process.
BEML: The government, on Sunday, invited preliminary bids for strategic sale of 26 per cent stake at the side of transfer of management keep watch over in defence PSU BEML. Bidders can submit their Expression of Interest (EoI) by March 1.
Cadila Healthcare: DGCI has approved phase 3 clinical trials of Ahmedabad-based Cadila Healthcare’s ZyCov-D. The company will now be initiating Phase III clinical trial in around 30,000 volunteers.
RIL: Sebi, on Friday imposed penalties on Reliance Industries, its Chairman and Managing Director Mukesh Ambani in addition to two other entities for alleged manipulative trading in the shares of erstwhile Reliance Petroleum back in November 2007. But even so, RIL and its partner BP Plc of UK have dedicated to pay in cash for any natural gas volumes they’re unable to deliver to customers from the next wave of discoveries in the eastern offshore KG-D6 block.
Coal India: Despite its cash-flow issues, Coal India has already spent over Rs 8,000 crore as capital expenditure (capex) till December 2020 in the current fiscal, and is taking a look to meet a revised target of Rs 13,000 crore of such expense by the end of FY’21, an official said on Sunday. But even so, the company’s production in December was once up by 0.5 per cent to 58.3 million tonne, while its offtake was once down by 2.1 per cent to 52.6 million tonne for the month.
Tata Steel: Tata Steel, on Friday, said it has transferred its stake in two companies to TSDPL, a wholly- owned subsidiary of the firm, as a part of reorganising its India footprint.
Adani Green: Adani Green Energy said its wholly-owned subsidiary Adani Renewable Energy Holding Eight has been awarded a 600-megawatt wind-solar hybrid power project by Solar Energy Corporation of India.
Antony Waste Handling Cell: Edelweiss Finvest sold 2,51,348 shares of Antony Waste Handling Cell at Rs 439.70 per share.
CSB Bank: The lender, in its December quarter commerce update, stated that complete deposits rose 16.5 per cent year-on-year to Rs 17,752.97 crore while gross advances rose 22.64 per cent year-on-year to Rs 13,425.24 crore.
Tata Motors: Tata Motors, on Friday, reported a 21 per cent increase in complete vehicle sales in the domestic market to 53,430 units in December.
TVS Motor: TVS Motor Company on Saturday reported a 17.5 per cent increase in complete sales to 2,72,084 units in December.
Hero MotoCorp: The country’s largest two-wheeler maker Hero MotoCorp has reported 5.02 per cent increase in complete sales at 4,47,335 units in December.
Trade Standard has all the time strived tough to supply up-to-date information and statement on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and fixed feedback on how to give a boost to our offering have only made our unravel and commitment to these ideals stronger. Even all over these difficult times arising out of Covid-19, we continue to remain dedicated to keeping you informed and up to date with credible news, authoritative views and incisive statement on topical issues of relevance.
We, on the other hand, have a request.
As we battle the economic affect of the pandemic, we need your make stronger even more, in order that we will continue to give you more quality satisfied. Our subscription mannequin has seen an encouraging response from many of you, who have subscribed to our online satisfied. More subscription to our online satisfied can only help us achieve the goals of offering you even better and more applicable satisfied. We imagine in free, reasonable and credible journalism. Your make stronger through more subscriptions can help us practise the journalism to which we are dedicated.
Make stronger quality journalism and subscribe to Trade Standard.