The domestic equity market was trading lower on Friday. Sensex fell 247 indicate 64,903 and Nifty lost 78 pts to 19,286.
Here’s a take a look at stocks that are most likely to stay in news today.
Nykaa, HDFC AMC
Nykaa, HDFC AMC, Indus Towers, Page Industries and ACC have actually been omitted from Nifty Next50 in the latest modification of different NSE indices.
Yatharth Hospital
Yatharth Hospital logged a 73% year-on-year development in its combined net earnings at Rs 19 crore for the quarter ended June.
Axis Bank
The RBI has actually authorized the appointment of Subrat Mohanty as Executive Director of the Bank for 3 years with result from August 17.
JSW Steel
JSW Steel prepares to form a consortium to bid for a bulk stake in Teck Resources’ steelmaking coal business, Bloomberg reported.
ONGC
Oil and Natural Gas Corporation (ONGC) will invest Rs 1 lakh crore by the end of this years to change into a low-carbon energy gamer. In a declaration, India’s biggest petroleum and gas manufacturer said it has actually detailed a “roadmap to scale up its low-carbon energy portfolio considerably”.
Adani Energy Solutions
The business, previously referred to as Adani Transmission, has actually tattooed a contract with Megha Engineering & Infrastructures for acquisition of KPS 1 Transmission. In the filing, the business said it will purchase 100% equity shares of unique function vehicle business KPS 1, at stated value of Rs 10 each. “This acquisition is proposed to additional AESL’s technique for boosting worth for its investors through natural along with inorganic opportunities,” AESL said.
NTPC
State-owned power giant NTPC has actually tattooed a business transfer arrangement (BTA) to hive off its mining business, consisting of 6 coalfields, to its arm NTPC Mining Ltd. “NTPC Ltd and NTPC Mining Ltd (NML) have actually performed the BTA on August 17, 2023, in New Delhi. The BTA will end up being reliable upon conclusion of the conditions precedent discussed in the BTA,” a BSE filing mentioned.
Concord Biotech
The shares of Concord Biotech will make their market launching on the exchanges today. The stock is most likely to list at a premium of over 15%.
Also read: JSW Steel tops Nifty pack in regards to incomes upgrade. Should you purchase this stock?
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