Top stocks to watch in trade— RIL, Future Enterprises, HCL Technologies, Future Retail, ITC, Indiabulls Ventures, RBL Bank, Inox Wind and more

Top stocks to watch in trade— RIL, Future Enterprises, HCL Technologies, Future Retail, ITC, Indiabulls Ventures, RBL Bank, Inox Wind and more
Indian stock-market indices are likely to open in green on Monday, on the back of positive cues from the Asian markets.

At 7:45 am, the SGX Nifty was up 0.11% at 8.72 points pointing towards a higher start for the Nifty50. The Hang Seng Index was also trading 2% higher.

These are the stocks to watch out for during the trading session on Monday:

Reliance Industries and Future Enterprises

Mukesh Ambani owned Reliance Industries on Saturday announced that it had acquired the retail, wholesale, logistics and warehousing business of Kishore Biyani’s Future Group for a lump sum aggregate consideration of ₹24,713 crore.

The news may move other Future Group subsidiaries — Future Retail, Future Lifestyle Fashions and Future Consumer— shares as well. The shares of Future Enterprises ended 5% higher on Friday, whereas RIL was trading almost flat.

HCL Technologies

According to news reports, HCL Technologies American arm HCL America is facing a patent infringement claim related to one of its software products. The reports suggest that HCL America is due to respond to the lawsuit filed by a Texas-based company, Coretek Licensing, by September 28.

The shares of HCL Technologies ended nearly a percent lower on Friday.


FMCG major ITC on Friday informed stock-exchanges that it is considering merging three of its wholly-owned subsidiaries —- Sunrise Foods, Hobbits International Foods and Sunrise Sheetgrah — with the parent company.

The company said its board would meet on September 4 to consider the proposal. The shares of ITC ended nearly a percent higher on Friday.

Indiabulls Ventures

Indiabulls Ventures on Friday told stock-exchanges that it would raise nearly ₹588 crore via share sale to a clutch of investors. In the filing, the company said it would issue 33.6 million shares, representing about 5.5% shareholding, to six investors.

The shares of Indiabulls Ventures ended nearly 8% higher on Friday.

RBL Bank

RBL Bank in a BSE filing told investors that the Bank MD and CEO Vishwavir Ahuja sold nearly 18,92,900 shares on August 27-28 for ₹38.52 crore.

The Bank said Ahuja sold his shares to service personal debt obligation and to meet some family commitments. The shares of RBL Bank ended nearly 5% higher on Friday.

Inox Wind

Inox Wind on Friday reported a net loss of ₹73 crore for the quarter ended June 30. The company’s revenue from operations fell to ₹97 crore from ₹260 crore in the same quarter last year. The board of Inox Wind approved raising ₹200 crore via issue of securities.

The shares of Inox Wind ended nearly 4% lower on Friday.

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