Top stocks to watch – RIL, Coal India, Lupin, DLF, NIIT, Reliance Capital, Cadila Health, Dish TV, Vedanta, and others
- At 8:30 am, SGX Nifty was up by 50 points, or 0.37%.
- Here’s a list of stocks to watch for in trade today.
- Check out the latest news and updates on Business Insider.
AdvertisementIndian stock markets could extend their gains on Monday after the Nifty crossed the 13,700 level on Thursday last week.
At 8:30 am, SGX Nifty was up by 50 points, or 0.37%, suggesting that the Indian stock exchanges could have a positive start to the day. With the Trump administration signing the $2,000 stimulus relief cheques with bipartisan support, the US stock exchanges could bounce back.
These are the stocks to watch out for during the trading session today:
Reliance Industries is all set to buy IMG Worldwide’s 50% stake in IMG-Reliance for ₹52.08 crore in a cash deal. IMG is a global sports, events, and talent management company.
The Maharatna public sector undertaking Coal India’s board has approved the company’s entry into aluminum and solar power sectors. Special purpose vehicles will be created in this regard.
Lupin has received tentative approval from the US FDA for the generic version of Jublia solution. This solution is a prescription for treating toenail fungus.
DLF Cyber City will acquire the stake of its partner Hines in One Horizon Center for ₹780 crore. The One Horizon Center is a 25-storied building located in Gurugram, Haryana.
NIIT’s board has approved a share buyback proposal. Accordingly, the company will buyback shares worth ₹237 crore at a price of ₹240 per equity share. This is a premium of 20% compared to the closing price of ₹200.40 on December 24.
The troubled Reliance Capital has announced that it has defaulted on term loans from HDFC and Axis Bank.
Zydus Cadila Healthcare has announced that its COVID-19 vaccine, ZyCoV-D was found to be safe, well-tolerated during the Phase I and II clinical trials. It is now planning to begin Phase III trials with 30,000 volunteers after obtaining the required approvals.
Dish TV has received a demand notice from the government for the payment of license fee and interest to the tune of ₹4,164 crore.
Vedanta’s parent company, Vedanta Resources has increased its stake in the Indian unit to 55.11% by acquiring shares worth almost ₹3,000 crore from the open market.
Trump signs bipartisan coronavirus relief bill after calling on Congress to approve $2,000 stimulus checks
New fiscal support will set up an economic boom in the second half of 2021, Evercore analysts say
Insiders cash out via IPOs as investor optimism becomes excessive, NDR says
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