Nifty futures on the Singapore Exchange traded 55 points, or 0.52 per cent higher at 10,603, in signs that Dalal Street was headed for a positive start on Friday. Here are a few stocks which may buzz the most in today’s trade:
Cadila Healthcare: After Bharat Biotech’s Covaxin, another potential COVID-19 vaccine developed by Ahmedabad-based
Zydus Cadila Healthcare Ltd got nod from the Drugs Controller General of India (DCGI) on Thursday for human clinical trials, government sources said.
RIL: Intel Capital, the investment arm of global tech and semiconductor major Intel corporation, will pick up 0.39% equity stake in Jio Platforms for Rs 1,894.50 crore, making it the eleventh investor to pick up stake in RIL’s telecom and digital business in about two months.
HDFC: There may be inorganic opportunities for HDFC group companies, and it has identified new investment opportunities, Chairman Deepak Parekh said on Thursday. The HFC said it plans to raise up to Rs 1.25 lakh crore in a year by issuing debt securities through various modes.
Future Retail: Responding to reports of talks to sell a stake in the firm to Reliance Industries, the company said it continues to explore and evaluate various opportunities. No such decision has been taken by the board so far, the company said.
HDFC Life Insurance, SBI Card: NSE said its index maintenance sub-committee is replacing Vedanta with HDFC Life Insurance Co in its flagship Nifty-50 index, effective July 31 due to the proposed voluntary delisting of the mining major. Vedanta will also cease to be a part of Nifty 500, Nifty 100 and Nifty 200 and will be replaced by SBI Cards and Payments Services in each of these indices, the exchange said.
Motherson Sumi Systems: Auto component major Motherson Sumi Systems said it has approved a group reorganization plan with the objective of creating value for the shareholders.
JB Chemicals & Pharmaceuticals: KKR & Co. Inc. has agreed to acquire about 54 per cent stake in Mumbai-based drug manufacturer JB Chemicals and Pharmaceuticals, one of the oldest pharma companies in India.
Axis Bank: The bank it has decided to wind down its UK subsidiary and the move will not have any material impact on its financial position.
Vedanta: The metal stock will be dropped from NSE’s benchmark index Nifty50 and other indices from July 31 on account of the company’s proposed voluntary delisting.
Indiabulls Housing Finance, Gati: Indiabulls Housing Finance, Gati and Mercator are among companies that are scheduled to announce their March quarter earnings on Friday.
Edelweiss Financial Services: ECL Finance, the non-banking finance arm of the Edelweiss Group, has sold about Rs 4,000 crore of sticky corporate loans to global asset buyers in what would be the first such large transaction in India since the lockdown began.
Affle India: Consumer intelligence company Affle India is set to acquire 8 per cent stake in Singapore-headquartered OSLabs, which operates independent indigenous apps store Indus OS, for $2.86 million (around Rs 21.4 crore).
Biocon: Biotechnology major Biocon expects to invest $200 million (around Rs 1,500 crore) this fiscal on capital expenditure, according to the company’s Annual Report for 2019-20.
HUL: The FMCG maker has replaced the word ‘Fair’ with ‘Glow’ from its iconic skin-care brand Fair & Lovely, the country’s top consumer goods firm said, amid global outrage and anti-racism protests triggered by the police killing of an African-American in the US in May.
Maruti Suzuki : The country’s largest carmaker launched its vehicle lease subscription service for individual customers under ‘ Maruti Suzuki Subscribe’ brand.
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