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​Top stocks in focus on 21 December 2017​

ETMarkets.com|
Dec 21, 2017, 08.25 AM IST
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Here is a list of top stocks that are likely to be in focus in today's trading session.
NEW DELHI: Domestic equity markets are likely to see a flat to negative start on Thursday, tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and global cues.


At 8.12 am, Nifty futures trading on SGX were trading 11 points, or 0.11 per cent, lower at 10,457, indicating a flat start for the Nifty50.

Here is a list of top stocks that are likely to be in focus in today's trading session:

RCom: Reports suggested that Mukesh Ambani-led Reliance Jio Infocomm is in race to buy the assets of struggling telecom operator.

BoI, United Bank: The Reserve Bank of India has imposed certain restrictions on Bank of India and United Bank of India due to a sharp rise in non-performing loans and erosion in capital. On Wednesday, both banks said that RBI triggered prompt corrective action (PCA) wherein the regulator monitors their performance.

Lokesh Machines: Ashish Kacholia on Wednesday sold 1.5 lakh shares or 0.9 per cent stake in Lokesh Machines at Rs 73.8 per share. Kacholia held 2 lakh shares, or 1.17 per cent stake, in Lokesh Machines at the end of the September quarter, while Sushmita Ashish Kacholia held 7.75 lakh shares, or 4.55 per cent stake, in the company. Pankaj Jawaharlal Razdan also sold 3.62 lakh shares on Wednesday at Rs 80.25 per share.

IVRCL: Infrastructure company IVRCL said it had entered a pact with Singapore-based Cube Highways and Infrastructure to sell its entire stake in two subsidiaries for Rs 726.18 crore.

Dalmia Bharat: The company is set to acquire Murli Industries, a Nagpur-based cement manufacturer referred to the bankruptcy court, in a deal that will involve huge write down of equity and Dalmia infusing close to Rs 400 crore to revive the company.

GIC Re: Listed reinsurer General Insurance Corp (GIC Re) has received approval to set up a syndicate at Lloyd's of London. The development is seen helping GIC Re broaden and diversify its international portfolio.

HDFC: Housing Development Finance Corporation sold a 6.3 per cent stake in Computer Age Management System (CAMS) to Warburg Pincus for Rs 210 crore as part of the American private equity fund's deal to purchase a significant minority stake from all the shareholders of the company. In a stock exchange filing, HDFC said it received Rs 209.5 crore in cash for the stake.

Varun Beverages: The company said its board has approved a proposal to sign an agreement to acquire PepsiCo India's previously franchised sub-territory in Jharkhand along with manufacturing facilities and franchise rights for Chhattisgarh.

Wipro: The IT firm said it received 341 per cent higher response than the reserved number of equity shares in its buyback process. The company had in September said it would buy back up to 343.75 million fully paid-up equity shares of representing 7.06 per cent of the total paid-up equity share capital at a price of Rs 320 ($4.971) totalling up to Rs 11,000 crore.

Bharti Airtel, TTML: The boards of Bharti Airtel, Tata Teleservices (TTSL) and its listed Tata Teleservices (Maharashtra) (TTML) unit separately cleared the terms for the merger of Tata Group companies' consumer mobility business with the nation's top telecom operator.

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