Maruti Suzuki shares will be in focus after reports suggested that stocks is expected to attract the attention of global passive funds in the next few months following the company’s decision to raise the FPI (or, Foreign Portfolio Investor) holding limit to 40%, from 24%.. (Reuters)
The BSE Sensex and NSE Nifty opened in positive terrain on Tuesday following mixed Asian cues. At 9.29 am, Sensex was up 64.54 points at 24,958.35. Similarly, Nifty was up 6.20 points at 7,565 during the same time.
The BSE Sensex on Monday declined below 25,000-mark for the first time in the past 15 month. The index closed 308.09 points down at 24,893.81. NSE Nifty slid 96.25 points down at 7,558.80.
Below are the stocks that are likely to be in focus today
Maruti Suzuki: Shares of the auto major will be in focus after reports suggested that stock is expected to attract the attention of global passive funds in the next few months following the company’s decision to raise the FPI (or, Foreign Portfolio Investor) holding limit to 40%, from 24%.
Reliance Infra: Anil Ambani-led Reliance Defence Ltd (RDL) has signed an MoU with Abu Dhabi Ship Building to set up a strategic partnership for construction of naval ships, including frigates and destroyers to address the demands of Gulf Cooperation Council (GCC), over the next 10 years.
ITC: The stocks of the company will be in focus as it clarified to reports ‘ITC may share its dealer network for a face’, calling it speculative in nature and the company has not taken any decision in this regard.
Dr Reddy’s Lab: Dr Reddys Laboratories on Monday said after market hours that it has voluntarily recalled a few batches of Amlodipine besylate and Atorvastatin from the US market in conformance with our quality assurance norms.
Sujana Towers: The stocks of the company will be in focus after media reports suggested that CCI has approved the proposed acquisition of the company’s tower business by Agarwal Steel Structures on a slump sale basis, saying the deal is not likely to have an adverse impact on competition.
Info Edge (India): The company after market hours announced on Monday that Zomato Media, which owns and operates an online food guide portal www.zomato.com, has signed definitive agreements to raise close to Rs 390 crore, led by Singapore investment company Temasek with participation from existing shareholder Vy Capital.
JSW Energy: The company is set to acquire Bina Thermal Power from Jaiprakash Power Ventures for Rs 3500 crore. The thermal power plant has installed capacity of 500 MW and have sufficient infrastructure to ramp it up to 1500 MW with marginal investment, reports added.
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