Maruti Suzuki stocks will be in focus after the Reserve Bank on Monday allowed foreign investors to invest up to 40 per cent of the paid up capital in the auto major under the Portfolio Investment Scheme.(PTI)
The BSE Sensex and NSE Nifty opened on a flat note on Monday tracking mixed Asian cues.
Below are the stocks that are likely to be in focus today:
Maruti Suzuki: The stocks of country’s largest carmaker will be in focus after the Reserve Bank allowed foreign investors to invest up to 40 per cent of the paid up capital in Maruti Suzuki under the Portfolio Investment Scheme.
Vedanta: Balco, part of Anil Agarwal-led Vedanta Ltd, on Monday said it has started the procedure to shut down its aluminium rolling business in Chhattisgarh – a move that will see 1,000 people losing jobs.
Havells: The electrical goods maker has said that devaluation of the yuan would not impact its business as exports form only 10 per cent of the total sales.
Essar Oil: Essar Oil will this week shut its 4,05,000 barrel-per-day Vadinar refinery in Gujarat for about four weeks to carry out maintenance work.
Abbott India: Drug major Abbott Healthcare has challenged West Bengal drug controller’s finding that its cough syrup Phensedyl contained codeine beyond the permissible level, becoming the latest multinational to dispute the conclusions of a state regulator’s testing framework.
Corporation Bank: The bank on Tuesday said LIC will infuse Rs 143 crore into the bank by way of preferential equity.
Steel stocks: Stocks of steel companies like SAIL, Hindalco, Hindustan Zinc, Jindal Steel will be in focus after the government on Monday imposed provisional safeguard duty of 20 per cent on import of certain categories of steel with a view to protect domestic producers from recent surge in inward shipments.
Divis Laboratories: The company on Monday announced after market hours that the company has fixed September 26 as record date for the purpose of determining the eligibility of shareholders entitled to receive 1:1 bonus issue of shares.
Veritas (India): The company on Monday said after after market hours that the company is in the process of collating and responding to all the queries raised by the Income Tax Authorities. Veritas (India) Ltd on Monday also said Income Tax officials carried out search and seizure proceedings for three days from September 10 at the premises of the company and promoters.
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