Here is the important stock market news to watch out for today.
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Markets to open on a positive note; support @16,150, resistance at 16,400.
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FIIs bought shares worth Rs238.14cr (cash), bought Rs206.28cr in index futures.
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US markets closed mixed. Asian Markets opened with gains.
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Brent crude was trading 0.04% higher at $71.47 per barrel.
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Power Grid Corporation of India: The company approved a proposal to infuse fresh equity up to Rs425cr in Energy Efficiency Services (EESL), a joint venture company of PowerGrid, NTPC, PFC, and REC.
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Bata India: The company reported a loss of Rs69.47cr in Q1FY22 against a loss of Rs100.9cr in Q1FY21, revenue jumped to Rs267cr from Rs135.1cr yoy.
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MAS Financial Services: The company reported higher standalone profit at Rs36.82cr in Q1FY22 against Rs36.59cr in Q1FY21, revenue fell to Rs147.73cr from Rs160.35cr yoy.
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HeidelbergCement India: The company entered into Power Purchase Agreement, Share Subscription Agreement and Shareholders Agreement with Lalganj Power (LPPL) for subscribing to 36,36,364 equity shares of Rs10 each of LLPL at a premium of Rs3.2 per share aggregating to Rs4.8cr in order to procure around 22 Gigawatt hours per annum of solar power under captive arrangement for operating its plant located at Madora, Uttar Pradesh.
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Tata Steel Limited is set to announce its quarterly earnings on Thursday.
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Gandhi Special Tubes: The company determined the final buyback price of Rs550 per equity share.
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Prakash Pipes: Promoter Ved Prakash Agarwal acquired 20,000 equity shares in the company via open market transaction, increasing stake to 15.26% from 15.18% earlier.
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