Larsen & Toubro (L&T) stocks will be in focus as the company said on Thursday that it has received shareholders’ approval for raising about Rs 9,600 crore through issuance of various securities, including equity shares and convertible bonds. (Photo: Reuters)
The BSE Sensex and NSE Nifty opened higher on Friday tracking strong global cues. At 9.23 am, Sensex was up 205.63 points at 25,827.80. Similarly, Nifty was up 53.90 points at 7,842.00 during the same time.
Below are the stock that are likely to be in focus today
Larsen and Toubro: Larsen & Toubro (L&T) has received shareholders’ approval for raising about Rs 9,600 crore through issuance of various securities, including equity shares and convertible bonds.
Arvind Limited: The apparels company has marked its entry into the beauty and cosmetics segment through a partnership with SEPHORA, owned by LVMH Moet Hennessy Louis Vuitton, a French Luxury Conglomerate. With this partnership, the company will now manage SEPHORA’s portfolio of 3 stores in Delhi and 1 in Pune.
Vedanta: Mining giant Vedanta Resources has resorted to aggressive cost reduction and workforce reduction in its aluminium segment amid subdued and volatile market conditions globally.
United Bank of India: Sebi on Thursday imposed Rs 2 lakh penalty on state-run United Bank of India (UBI) for violating norms related to debenture trustees.
Raymond Ltd: Company’s unlisted wholly owned subsidiary Silver Spark Apparel has completed the acquisition of Robot Systems for Rs 28 crore.
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