Top stocks to watch — Future Retail, Power Grid, Cipla, Delta Corp, Yes Bank, Adani Power and others

Top stocks to watch — Future Retail, Power Grid, Cipla, Delta Corp, Yes Bank, Adani Power and others
BCCL
Indian stock-market indices are likely to open on a higher note on Monday, led by positive cues from the Asian markets. At 9:01 am, the BSE pre-open was trading 0.23% higher, indicating a positive start for the Indian benchmark index.

Other Asian peers were trading in the positive territory as well — the SSE Composite Index was up 0.18%, SGX Nifty gained 0.52%, and the Hang Seng Index was up 22 points.

These are the stocks to watch out for during the trading session today: Power Grid

The board of Power Grid Corporation of India in its meeting held December 12 approved the payment of an interim dividend of ₹5 per equity share of ₹10 each for the financial year 2020-21.
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The interim dividend will be paid to the members on January 8. The share price of Power Grid closed 0.26% higher on Friday.

Future Retail

Reliance acquired Future Retail’s hypermarket chain Big Bazaar⁠— a deal challenged by Amazon in Indian court⁠— is planning to open 16 more stores to take the overall count to 300 over the next three quarters. The Future Group firm, as per its expansion strategy, is expanding into the smaller tier-II cities in India, which is less impacted by the pandemic and has aspirations and an emerging consumption class.

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The share price of Future Retail closed 0.89% higher on Friday.

Cipla

Cipla on Friday announced the settlement of its patent litigation with a Bristol Myers Squibb (BMS) subsidiary on Revlimid, a drug for blood cancer.

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A wholly-owned subsidiary of Celgene, BMS has agreed to provide Cipla with a license to manufacture and sell certain limited volumes of generic lenalidomide drugs in the US.

The share price of Cipla closed 0.88% lower on Friday.

KEC International

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The global infrastructure major has secured new orders worth ₹1,438 crore across its various businesses.

The share price of KEC International closed 0.77% lower on Friday.

Delta Corp

Delta Corp informed exchanges that it had received approval from the Goa Investment Promotion and Facilitation Board to set up an integrated resort consisting of hotels, convention centre, multiplex cinema, retail facilities at Pernem, Goa.
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The share price of Delta Corp closed 2.7% higher on Friday.

Yes Bank and Sical logistics

Yes Bank has sold 2.56% of the total equity in Coffee Day group-owned Sical logistics.

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The share price of Yes Bank closed 5% lower on Friday.

Central Bank of India

The capital raising committee of the Central Bank of India has approved the proposal for raising capital funds up to ₹500 crore.

The share price of the Central Bank of India closed 0.33% lower on Friday.
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Adani Power

Adani Power on Saturday said electricity regulator Maharashtra Electricity Regulatory Commission (MERC) had passed two orders, which would enable its arm APML to claim revised compensation of higher coal from Maharashtra Electricity Distribution Company Ltd (MSEDCL).

The share price of Adani Power closed 5% lower on Friday.

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Burger King India

The shares of Burger King India will hit the bourses today. The shares will be listed on both BSE and NSE.

The grey market premium suggests an upside of 85% over the issue price band set at ₹59-60.
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