Canara Bank stocks will be in focus as the company on Thursday said it will raise an additional capital of Rs 2,400 crore by issuing bonds on private placement basis to support its asset growth. (PTI)
The BSE Sensex and NSE Nifty opened on a flat to cautious on Friday following global cues. At 9.27 am, Sensex was trading 19.91 points down at 25,822.01. Similarly, Nifty was trading 5.20 points down at 7,837.55.
Below are the stocks that are likely to be in focus today
Canara Bank: The bank on Thursday said it will raise an additional capital of Rs 2,400 crore by issuing bonds on private placement basis to support its asset growth.
Tata Motors: Jaguar Land Rover India on Thursday launched a variant of its locally-assembled luxury SUV ‘Range Rover Evoque’, priced between Rs 47.1 Lakh and Rs 63.2 lakh, and said it expects to grow above the industry average this year.
NALCO: The state-run aluminium maker Nalco will contribute 5 per cent of Corporate Social Responsibility (CSR) funds in this fiscal towards Prime Minister Narendra Modi’s Skill India mission. It signed on Thursday an Memorandum of Understanding (MoU) with National Skill Development Fund (NSDF) and National Skill Development Corporation (NSDC), the navratna company said in a statement.
Sugar stocks: The sugar stocks are likely to remain under pressure, on report that India’s sugar production rose by 33 per cent to 7.61 lakh tonnes till November 15th in the current marketing year on higher output from Maharashtra.
PTC India Financial Services(PFS): The company on Thursday said it has signed a pact with India Infrastructure Finance Company (IIFCL) to provide financing for infrastructure projects.
Jubliant Foodworks: Jubilant Food Works, which operates Domino’s Pizza chain, has partnered with Hyderabad-based start-up Zippr to use latter’s coding method for delivering the orders instead of using consumers’ address.
Dr Reddy’s: The pharma major will has reportedly sued AstraZeneca over purple colour of Nexium generic.
Vedanta: With minority shareholders of Cairn India said to be against the merger of the company with parent Vedanta Ltd, Vedanta Group Chairman Anil Agarwal hoped he wouldn’t have to sweeten the merger offer.
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