SBI’s stocks will be in focus as country’s largest lender said it plans to raise up to Rs 12,000 crore by issuing tier-II bonds on private placement basis.
The BSE Sensex and NSE Nifty are expected to open on a flat note on Tuesday tracking Asian cues. The benchmark BSE Sensex on Monday resumed its upward climb by bouncing back almost 217 points to 25,735.90 spurred by a rally in banking, metal and PSU stocks as buying picked up. The broader NSE Nifty too regained the key 7,800-mark.
Below are the stocks that are likely to be in focus today:
State Bank of India (SBI): Stocks of country’s largest lender will be in focus as the bank said it plans to raise up to Rs 12,000 crore by issuing tier-II bonds on private placement basis.
HDIL: Realty player Housing Development and Infrastructure (HDIL) has sold development rights on its land parcel at Kurla to DK Realty (India) for Rs 649.51 crore.
Adani Enterprises: Adani Green Energy, a subsidiary of Adani Enterprises Ltd, has acquired 100 per cent equity shares of Duryodhana Developers.
Reliance Communications: Reliance Communications said it has sold nearly 150 residential flats in Navi Mumbai for Rs 330 crore as part of its asset monetisation plans aimed at lowering debt.
Thomas Cook: Travel services provider Thomas Cook India has announced a partnership with digital payments solution firm ItzCash of Essel Group to expand its outreach to India’s rapidly growing inward remittance market.
Granules India: Drug firm Granules India has received three observations from the USFDA for its Jeedimetla, Hyderabad facility during a recent inspection.
Allahabad Bank: Public sector lender Allahabad Bank has raised Rs 1,000 crore by issuing tier-II bonds on a private placement basis.
Raymond Group: Stocks will be in focus as Maharashtra Chief Minister Devendra Fadnavis on Monday handed over an “offer letter” allocating 500 acres of land to Raymond Group for setting up a Rs 1,500-crore textile unit in Vidarbha.
Ramkrishna Forgings: The company has started commercial production at its 12,500 ton press line with effect from December 21, 2015. The 12,500 ton press line is located at Plant V, Saraikella, Kharswan in state of Jharkhand.
Union Bank, Central Bank: Stocks of both the banks will be focus as Moody’s on Monday affirmed the local and foreign currency deposit ratings of state-run lenders, Union Bank of India and Central Bank of India.
| Subscribe To Our Free Newsletter |
