Top stocks to watch — DLF, Bajaj Finserv, Prestige, Brigade, Bajaj Auto, Asian Paints, Biocon, and others
- The SGX Nifty was trading 0.27% lower at 7:45 am, indicating a red start for Nifty50.
- Here’s a list of stocks to watch for in trade today.
- Check out the latest news and updates on Business Insider.
AdvertisementAmidst negative cues from the global markets, the Indian equities are likely to open lower on Thursday. The SGX Nifty was trading 0.27% lower at 7:45 am, indicating a weak start for Nifty50.
The US stocks also closed on a choppy note as negotiations continue to drag over the stimulus package. Dow Jones shed over 97 points, and the S&P 500 ended 0.22% lower.
These are the stocks to watch out for during the trading session on October 22:
AdvertisementThe private lender Bajaj Finserv reported an 18% fall in its consolidated net profit to ₹986.29 crore for the quarter ended September 30, as group entities suffered a contraction in profits.
The company’s overall income rose 5.8% to ₹15,051.59 crore during the quarter under review. The shares of Bajaj Finserv ended 0.72% lower on Wednesday.
Realty major DLF’s rental arm has signed a deal with Standard Chartered GBS. DLF will be leasing 7.7 lakh sq ft office space in an upcoming commercial tower in Chennai.
The shares of DLF ended 2.87% higher on Wednesday.
Prestige and Brigade
Bengaluru-based developers Prestige and Brigade Group have partnered to develop a shopping mall and a hotel in Chennai at the cost of around ₹500 crore. The two leading developers have jointly taken 7.5-acre land on a 99-year lease in Chennai.
AdvertisementThe shares of Prestige ended 3% lower on Wednesday, whereas Brigade was up over 4%.
Regulator SEBI has slapped a penalty of ₹31 crore on Kirloskar Brothers Ltd (KBL) promoters and others for indulging in insider trading and committing fraud on public shareholders of Kirloskar Industries.
Also, the entities have been barred from the capital market for a period ranging three months to six months, the regulator said in three separate orders on Tuesday.
The shares of Kirloskar Brothers ended 0.18% lower on Wednesday.
Aavas Financiers board approved to raise up to ₹100 crore via bonds. The shares of Aavas Financiers ended 0.44% lower on Wednesday.
AdvertisementEquitas Small Finance Bank IPO
The initial public offering (IPO) of Equitas Small Finance Bank was subscribed 67% on the second day of bidding. The portion reserved for qualified institutional buyers (QIBs) was subscribed 5%, non-institutional investors 5% and retail investors 142%.
Bajaj Auto, Asian Paints, Biocon and Bharti Infratel
Bajaj Auto, Asian Paints, Biocon and Bharti Infratel will be reporting their financial earnings today.
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