Stocks of TCS will be in focus as the company is expected to face material impact due floods in Chennai, which will hit its revenue in the current quarter.
The BSE Sensex and NSE Nifty opened in negative terrain on Monday tracking SGX Nifty and weak global markets ahead on inflation data for November based on the wholesale price index (WPI) and the consumer price index (CPI). At 9.23 am, Sensex was down 118.61 points at 24,925.82. Similarly, Nifty was down 28.15 points at 7,582.30.
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Below are the stocks that are likely to be in focus today:
TCS: Stocks were trading 1.07 per cent down at Rs 2361.60 (around 9.25 am) as the company is expected to face material impact due floods in Chennai, which will hit its revenue in the current quarter.
Kalyani Forge Ltd: Shares of the company were trading 4.96 per cent up at Rs 277.00(around 9.30 am) after it said that it plans to double turnover to Rs 500 crore in the next 2-3 years by entering a new product range and expansion.
Bhushan Steel: Stocks of the company will be in focus as the National Green Tribunal on Friday ordered the closure of Bhushan Steel and Strips Limited situated in site -4 industrial area of Sahibabad in Uttar Pradesh for 4 weeks declaring it to be a polluting industry.
Cairn India: Stocks of the company were trading 1.79 per cent down at Rs 123.40(9.26 am) as it is set to launch the world’s largest enhanced oil recovery programme, investing about $760 million in the site where its first oil was discovered in the Thar desert of Rajasthan.
Maruti Suzuki: Prime Minister Narendra Modi said that for the “first time” India will export to Japan cars which will be made domestically by Maruti Suzuki as part of the ‘Make in India’ initiative.
Dabur: Seventy seven India-bound containers of Real Juice manufactured by Dabur Nepal, a subsidiary of Dabur India, were seized by Nepal’s anti graft body after receiving complaints about their quality.
IOC: IOC, India’s largest oil firm, will invest Rs 1.75 lakh crore over the next seven years on expanding refinery capacity, building petrochemical plants and laying pipelines, a company official said.
Indian Overseas Bank: State-owned Indian Overseas Bank (IOB) said it proposes to raise up to Rs 1,570 crore at the current market price from the public offer to fund its growth plan.
Hotel Leela Venture: The Competition Commission has given its nod for acquisition of Hotel Leelaventure’s Goa property by the Malaysia-based MetTube.
Infosys: Infosys has joined Amazon’s cloud infrastructure unit Amazon Web Services and a clutch of marquee Silicon Valley leaders including Tesla’s Elon Musk, Peter Thiel, Reid Hoffman, Y Combinator’s Sam Altman and Jessica Livingston to commit a $1 billion investment to OpenAI, a non-profit artificial intelligence research company announced.
Coal India: Opposing an immediate stake sale in Coal India Ltd, foreign investors have told the Finance Ministry that further disinvestment in the coal miner should be put off as the current market valuation is low.
Mahindra & Mahindra: Mahindra & Mahindra has incorporated a subsidiary ‘Airvan 10 Pty Ltd’ for the aerospace industry in Australia.
Vipul Ltd: Realty firm Vipul Ltd has raised Rs 150 crore from DMI Finance Ltd to develop a luxury housing project in Gurgaon.
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