Axis bank: Stocks of the private sector lender will be in focus as it opened a representative office in Dhaka on Sunday as part of its global expansion plan. (Photo: Reuters)
The BSE Sensex turned flat on Monday after opening 76 point up on global cues. At 9.23 am, Sensex was down 16.24 points at 25,852.25. NSE Nifty was trading 0.40 points down at 7,856.15.
Below are the stocks that are likely be in focus today:
Vedanta, Hindalco Industries: Metals and mining major Vedanta and Aditya Birla group flagship firm Hindalco Industries will shift out of the BSE benchmark Sensex from December 21.
Adani Ports and Asian Paints: Asia Index Private Ltd, a joint venture between S&P Dow Jones Indices and BSE Ltd, said it would add Adani Port and Special Economic Zone and Asian Paints Ltd to its 30-member S&P BSE Sensex index.
Axis bank: Stocks of the private sector lender will be in focus as it opened a representative office in Dhaka on Sunday as part of its global expansion plan.
GAIL: GAIL stocks are likely to be in focus as Moody’s has affirmed the Baa2 long term rating of the company and has changed the outlook to negative from stable.
Britannia: Britannia Industries is embarking on a new growth path of becoming a total food company, aiming at Rs 20,000 crore turnover within 5-6 years.
Aurobindo Pharma: Aurobindo Pharma said that the company has received final approval from the US Food & Drug Administration (USFDA) to manufacture and market generic version of Pfizer’s Revatio (sildenafil citrate) tablets, used in the treatment of high blood pressure in lungs.
Adani Power: In a major relief to Adani Power, the Supreme Court on Friday set aside a 2010 notification of the Union government which levied customs duty to the tune of Rs 300 crore on the company for electricity transfer from its thermal power plant in Mudra Special Economic Zone to domestic areas with retrospective effect.
Dr Reddy: Dr Reddy’s Laboratories, which is embroiled in a legal battle with AstraZeneca over the usage of purple colour for generic version of Nexium, has filed a complaint in a US court alleging that the latter “knew” about its plans to use the same colour in the capsules.
Maruti Suzuki: The automaker has maintained its leadership position in the domestic passenger vehicle (PV) market in October with four of its models featuring in the top 10 selling brands last month.
Petronet LNG: India’s biggest gas importer is close to renegotiating a major deal with its Qatari supplier Rasgas, lowering the cost of gas shipments and avoiding a $1.5 billion penalty fee for lifting less gas than agreed, two sources said.
Pfizer: US drug major has secured formal board approval on Sunday for its acquisition of Botox maker Allergan Plc for more than $150 billion, a deal that will create the world’s biggest drug maker, according to media reports.
Neyveli Lignite Corporation: The state-run miner has said it is set to foray into coal mining for power generation and aspires to become a 19,000 MW power company by 2025.
Sobha Ltd: The realty firm has tied up with another realtor Chintels India to develop a group housing project comprising of 1,700 flats in Gurgaon at an estimated cost of Rs 1,000 crore.
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