Stocks to Focus
Concor, Graphite India, United Bank, Tata Global Beverages, and Tata Chemical are among the companies slated to announce their September quarter results today. Here are the top stocks to watch out for today.
UK’s Standard Life is planning to divest up to 4.5% stake in HDFC Life Insurance. As per the latest reports, the shares will be offered in the range from Rs 562 and up to Rs 575.
NTPC may acquire the Government’s stake in THDC, Neepco for Rs 8,000 Cr.
Government has formed a panel of bureaucrats to suggest ways to reduce the financial pressures on the telecom sectors. The shares of Bharti Airtel and Vodafone Idea witnessed downfall since the Supreme Court Verdict that the telecom companies have to pay overdue levies and interest.
The Tata group will restructure its proposed investment in GMR Airports to comply with a policy clause which stops airline groups from exceeding a 10% stake in Delhi International Airport.
The company PVR has closed QIP, fixes issue price at Rs 1,719.05 per share.
According to the news reports, Govt has started a divestment process for BEML and probably do strategic stake sale.
Petronet LNG reported a nearly doubling of net profit in Q2FY20 due to the extended margins. However, revenue from operations slipped to Rs 9,361.8 Cr from Rs 10,745.34 Cr in the corresponding period last year.
SKF India reported a marginal increase in net profit to Rs 84.62 Cr in Q2FY20 as against Rs 84.30 Cr in the corresponding period the previous year.
IndiGo placed an order for 300 Airbus A320neo family jets worth at least $33 billion at recent catalogue prices. The massive deal includes Airbus’s newest jet, a long-range version of the single-aisle A320neo family said IndiGo in a statement on Tuesday. The latest order will take IndiGo’s total A320neo family aircraft orders to 730 making it the world’s biggest customer for these planes.
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