Stocks of both Tata Steel and Tata Motors will be in focus after the former company said that it is proposing to sell equity shares of face value of Rs 2 each of Tata Motors Limited to institutional investors over the stock exchange for a value not exceeding Rs 1,250 crore.
The BSE Sensex and NSE Nifty opened on a positive note on Friday tracking mixed global cues after US Federal Reserve kept the key interest rates unchanged. At 9.19 am, Sensex was up 233.58 points at 26,197.55. Similarly, Nifty was up 66.15 points 7,965.30 during the same time.
Below are the stocks that are likely to be in focus today
Tata Steel and Tata Motors: Stocks of both Tata Steel and Tata Motors will be in focus after the former company said that it is proposing to sell equity shares of face value of Rs 2 each of Tata Motors Limited to institutional investors over the stock exchange for a value not exceeding Rs 1,250 crore. The price will be discovered through a book building process.
PTC India Financial Services: The company on Thursday said that it has sanctioned loans of about Rs 1,000 crore (Rs 10 billion) for clean energy projects in the country.
Infosys: The stocks of IT major will be in limelight as it announced on Wednesday that Qantas Credit Union, a top Australian Credit Union, has chosen Infosys Finacle to improve its customer’s digital experience, as part of their business transformation strategy.
HCL Technologies: The software major said that it is collaborating with IBM to jointly develop Internet of Things (IoT) solutions to help customers on their IoT journey.
Essar Oil: Essar Oil will shutdown its 20 million tons Vadinar Refinery in Gujarat for 30 days for carrying out maintenance work from today.
Suzlon Energy: The company has approved the allotment of 3.53 crore equity shares worth Rs 54.58 crore to its bond holders.
Jindal Stainless Ltd: The company will temporarily shut down operations of the Ferro Alloys unit at Kothavalasa in Vizianagaram district, Andhra Pradesh and shift production of ferro chrome to more economical Jajpur facilities.
UltraTech Cement: The Aditya Birla Group flagship company has got Environment Ministry’s clearance to expand capacity at its Awarpur plant in Maharasthra, which would entail an investment of Rs 248 crore.
Amtek Auto: Standard & Poor’s has cut the long term credit rating of Amtek Global, reflecting the “heightened liquidity risks” at its parent company Amtek Auto that is facing financial troubles.
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