Nifty futures on the Singapore Exchange traded 176.50 points, or 1.57 per cent lower at 11,050, in signs that Dalal Street was headed for a gap-down start on Thursday. Here are a few stocks which may buzz the most in today’s trade:
Reliance Industries: India’s antitrust body will examine the online and offline aspects of the Reliance-Future Group deal – separately and together – to ascertain their effect on competition, according to an official. Reliance Retail Ventures , a unit of Reliance Industries Ltd., sought the Competition Commission of India’s approval on Monday for its Rs 24,713 crore acquisition of the online and offline businesses of the Future Group, which includes retail, wholesale, logistics and warehousing operations.
Tech Mahindra: The IT services major said its subsidiary has divested its stake in Altiostar Networks for $45 million (about Rs 331 crore) to Rakuten USA, Inc.
HDFC: Mortgage lender Housing Development Finance Corporation (HDFC) said it will raise up to Rs 5,000 crore by issuing bonds on a private placement basis. The issue size for the secured redeemable Non-Convertible Debentures (NCDs) will be Rs 2,500 crore with an option to retain oversubscription of up to Rs 2,500 crore,
Tata Motors DVR, Tata Chemicals: Promoter Tata Sons lapped up 22,10,425 shares of Tata Chemicals at Rs 287.58 per share, and 37,63,292 Tata Motors DVR at RS 59.83 each. At the end of June, Tata Sons held 28.51 per cent and 5.26 per cent of these securities.
Bharti Airtel: The Waybeo Technology Solutions said telecom giant Bharti Airtel has picked up 10 per cent stake in the company with focus on deep AI analytics for cloud telephony
Mahindra CIE Automotive: Aditya Birla Sun Life Mutual Fund’s midcap fund and small & midcap fund sold 43,66,321 shares and 32,83,893 shares respectively of Mahindra CIE Automotive at Rs 140 per share, while Spain’s Participaciones Internacionales Autometal Dos SL bought 79,30,000 shares of the company at Rs 139.99 per share. The Spanish firm already held 58.02 per cent stake in the company at the end of June.
Larsen & Toubro (L&T), IRCON: Seven infrastructure majors, including Larsen and Toubro, Tata Projects, Afcons Infrastructure Limited, and IRCON International Limited are in the race for constructing the Mumbai- Ahmedabad High Speed Rail corridor.
Coal India: Coal India, the world’s largest miner, has finalised contracts for heavy earth moving equipment worth over Rs 5,900 crore to ramp up production, its Chairman Pramod Agrawal said on Wednesday.
CreditAccess Grameen: Non-banking financial company CreditAccess Grameen on Wednesday announced raising Rs 100 crore by issuing bonds on a private placement basis. The company also said its consolidated net profit was at Rs 121.24 crore in four months to July, while on standalone basis, the company earned Rs 109.39 crore as profit.
Satin CreditCare: Dutch development bank Nederlandse Financierings – Maatschappij Voor Ontwikkelingslanden N.V. (FMO) bought 14,24,030 shares of Satin CreditCare Network from SBI Emerging Asia Financial Sector Fund Pte Ltd at Rs 56.10 per share, which held 6.37 per cent stake in the company at the end of June.
DLF: Realty major DLF said its Chief Executive and whole-time director Mohit Gujral has expressed his desire to retire, which has been accepted by the board.
Aptech: Wall Street Capital Markets sold 2,50,000 shares of Rakesh Jhunjhunwala-backed Aptech at Rs 114.05 per share, while Kifs Commercial bought 2,49,116 shares of the company at the same price.