Domestic equity markets are likely to witness a positive opening on Tuesday, tracking Nifty futures on the Singapore Stock Exchange and global cues. At 8.00 am (IST), Nifty futures trading on SGX were trading 20 points, or 0.19 per cent higher at 10,420.50, indicating a positive start for the Nifty50.
Here is a list of top stocks that are likely to be in focus in today's trading session:
PNB: Punjab National BankBSE 0.39 % has allotted 29,76,19,047 equity shares at a price of Rs 168 per share aggregating to Rs 4999.99 crore to Qualified Institutional Buyers.
Monnet IspatBSE -3.13 %, Jyoti Structures: Lenders to Monnet Ispat and Jyoti StructuresBSE 3.85 % are set to go for another round of bidding for the assets after both the companies ended up with lone bidders in the final stage of bidding. With time on hand, the committee of creditors wants to assess market interest again and hope for better valuations than the current ones.
Alok Industries: A group of Alok IndustriesBSE 0.64 % employees is making a bid for the assets of the textile company, which is on the block after being referred to the bankruptcy court, two senior officials from the banking circle said. The employees, who made the surprise move, will likely be competing with Reliance IndustriesBSE 0.46 % (RIL), which too has shown interest in acquiring the textile company either in part or entirely.
TCS: Software services major Tata Consultancy ServicesBSE 0.62 % has picked up around 2.50 lakh square ft commercial space at Godrej & Boyce’s factory premises in Mumbai’s eastern suburb Vikhroli on lease, said two persons familiar with the development.
HDFC: Mortgage lender HDFC will raise Rs. 2,000 crore by issuing debt securities on private placement basis. ?The issue will open on December 20 and closes the same day.
RCom: The National Company Law Tribunal (NCLT) adjourned the hearing of insolvency petitions filed against Reliance CommunicationsBSE 2.20 % to early next month after a group of the telecom operator’s lenders sought time to consider converting the company’s loans into equity.
Aarti Industries: The company will hold a meeting of the board of directors on December 21 to consider a share buyback proposal.
Pharma stocks: National drug pricing regulator NPPA on Monday said it has notified prices of 65 essential formulations, including those used for the treatment of diabetes, infections, pain and high blood pressure. In respect of medicines that are not under price control, manufacturers are allowed to increase the maximum retail price by 10% annually.
Telecom stocks: India’s telecom regulator Telecom Regulatory Authority of India (Trai) has proposed to slash by nearly 80 per cent the fee charged to consumers for porting from one service provider to another without changing their number and has sought comments from stakeholders by December 29.
Here is a list of top stocks that are likely to be in focus in today's trading session:
PNB: Punjab National BankBSE 0.39 % has allotted 29,76,19,047 equity shares at a price of Rs 168 per share aggregating to Rs 4999.99 crore to Qualified Institutional Buyers.
Monnet IspatBSE -3.13 %, Jyoti Structures: Lenders to Monnet Ispat and Jyoti StructuresBSE 3.85 % are set to go for another round of bidding for the assets after both the companies ended up with lone bidders in the final stage of bidding. With time on hand, the committee of creditors wants to assess market interest again and hope for better valuations than the current ones.
Alok Industries: A group of Alok IndustriesBSE 0.64 % employees is making a bid for the assets of the textile company, which is on the block after being referred to the bankruptcy court, two senior officials from the banking circle said. The employees, who made the surprise move, will likely be competing with Reliance IndustriesBSE 0.46 % (RIL), which too has shown interest in acquiring the textile company either in part or entirely.
TCS: Software services major Tata Consultancy ServicesBSE 0.62 % has picked up around 2.50 lakh square ft commercial space at Godrej & Boyce’s factory premises in Mumbai’s eastern suburb Vikhroli on lease, said two persons familiar with the development.
HDFC: Mortgage lender HDFC will raise Rs. 2,000 crore by issuing debt securities on private placement basis. ?The issue will open on December 20 and closes the same day.
RCom: The National Company Law Tribunal (NCLT) adjourned the hearing of insolvency petitions filed against Reliance CommunicationsBSE 2.20 % to early next month after a group of the telecom operator’s lenders sought time to consider converting the company’s loans into equity.
Aarti Industries: The company will hold a meeting of the board of directors on December 21 to consider a share buyback proposal.
Pharma stocks: National drug pricing regulator NPPA on Monday said it has notified prices of 65 essential formulations, including those used for the treatment of diabetes, infections, pain and high blood pressure. In respect of medicines that are not under price control, manufacturers are allowed to increase the maximum retail price by 10% annually.
Telecom stocks: India’s telecom regulator Telecom Regulatory Authority of India (Trai) has proposed to slash by nearly 80 per cent the fee charged to consumers for porting from one service provider to another without changing their number and has sought comments from stakeholders by December 29.
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