Emami stocks will be in focus after Japanese brokerage house Nomura downgraded company’s stocks citing high valuations. (Express Photo)
The BSE Sensex and NSE Nifty opened flat on Monday tracking mixed Asian cues. At 9.21 am, Sensex was up 43.38 points at 25,906.88. Similarly, Nifty was up 11.05 points at 7,879.55 during the same time
Shares that are likely to be in focus today
Emami: Stocks of the the company will be in focus after Japanese brokerage house Nomura downgraded Emami citing high valuations.
Nalco: Aluminium giant NALCO is all set to invest over Rs 65,000 crore to launch ambitious projects in the country and abroad, besides undertaking expansion and diversification into power and mining sectors in a big way.
Maruti Suzuki: Temporary workers at Maruti’s Manesar plant are demanding wage hikes similar to those given to permanent employees. The Manesar plant, which saw protests from temporary workers on Saturday, was closed on Sunday.
Amtek Auto: Lenders of Amtek Auto have agreed to give additional funds to the troubled auto component-maker but have asked the promoters to bring in some equity first.
Steel Authority of India Ltd (SAIL): The steel company is investing over Rs 2,600 crore for installing a three million tonnes per annum facility for hot rolled (HR) coils at its Rourkela plant to make auto-grade and special steel products. The Maharatna firm has awarded the contract for setting up this hot strip mill to a consortium led by Mitsubishi and Larsen & Toubro, a source said.
Sun Pharma: Sun Pharma Advanced Research Company Ltd (SPARC) said the U.S. Food and Drug Administration has denied its application for approval to launch a new anti-epilepsy drug, citing manufacturing quality issues at its production site.
Gammon India: The company has secured the Engineering, Procurement & Construction (EPC) project worth Rs 1,709.99 crore from National Highways Authority of India (NHAI).
Essar Ports: Shareholders have approved its proposal to raise up to $1 billion through securities from domestic and international markets to fund expansion plans.
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