Stocks of Navkar Corporation will be in focus as the logistics company will makes its debut on the stock exchanges today. (PTI)
The BSE Sensex and NSE Nifty opened on a positive note on Wednesday following strong global cues. At 9.24 am, Sensex was up 350.29 points at 25,668.16. Similarly, Nifty was up 114.95 points at 7,803.20 during the same time.
Below are the stocks that are likely to make news today
Navkar Corporation: The logistics company will makes its debut on the stock exchanges today. The company’s IPO closed on August 26, 2015 and was subscribed 2.85 times, with total bids for 8.14 crore shares, compared with 2.85 crore equity shares on offer.
HUL: The FMCG major on Tuesday said it has sold the bread and bakery business under ‘Modern’ brand to Everstone Group’s Nimman Foods Pvt Ltd for an undisclosed sum.
IVRCL: The infrastructure major has cut its employee strength by almost 23 per cent in the last fiscal as a cost cutting measure caused by economic slowdown coupled with delays in execution of projects.
Indiabulls Housing Finance: Indiabulls Housing Finance on Tuesday said that it plans to sell shares to qualified institutional investors to raise as much as $1 billion (around Rs 6674.45 crore). The company will sell shares at a minimum price of Rs 738.64 each in the offering.
Hinduja Ventures: The company post market hours on Tuesday said that its subsidiary, Grant Investrade, has bagged the operating licence for the HITS (Headend-in-the-Sky) digital television services from the Ministry of Information & Broadcasting.
Tata Power: Tata Power started work to set up its Rs 450 crore defence manufacturing facility in Karnataka with the state’s Chief Minister Siddaramaiah laying its foundation stone.
TCS: Tata Consultancy Services (TCS) on Tuesday said that it has been cleared of all charges on alleged misuse of work visas by the US department of labour. A spokesperson of TCS said, “Audits by the US department of labor have taken place from time to time and TCS has always been found to be compliant. TCS attaches the highest importance to a strict compliance programme and abides by all regulatory requirements and visa laws.”
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