Stocks to watch out for today: The Indian market snapped its eight session winning streak today on profit-booking and weak global cues. Sensex fell 652 pts to 59,646 and Nifty lost 198 pts to 17,758. IndusInd Bank, Bajaj twins, Tata Steel and SBI were the top Sensex losers, falling up to 3.82 per cent. L&T, Infosys and TCS were the only Sensex gainers, rising up to 2.20 per cent.
Share Market Live: Sensex, Nifty likely to open lower today
Here’s a look stocks that are likely to remain in news today.
Paytm: Shareholders of One97 Communications, which operates under the Paytm brand, have approved the re-appointment of Vijay Shekhar Sharma as managing director and chief executive officer of the company, according to the scrutinizer report filed by the firm on Sunday.
AstraZeneca Pharma India: The pharma major has received import and market permission in Form CT-20, the subsequent new drug approval, from the Drugs Controller General of India (DGCI) for Olaparib film-coated tablets. With this approval, Olaparib film-coated tablets of 100mg and 150mg can be indicated as a monotherapy for the adjuvant treatment of adult patients with BRCA-mutated HER2- negative high risk early breast cancer who have previously been treated with neoadjuvant or adjuvant chemotherapy.
Larsen & Toubro Ltd: The conglomerate has commissioned a Green Hydrogen Plant at its manufacturing complex in Hazira, Gujarat. The plant will produce 45 Kg of Green Hydrogen daily, which will be used for captive consumption in the company’s Hazira manufacturing complex, the company said.
Adani Power: Adani Power announced it would acquire DB Power Limited for an enterprise value of Rs 7,017 crore, the company said.
Adani Group’s power flagship, with this acquisition, aims to expand its offerings and operations in the thermal power sector in the state. DB Power owns and operates two units of 600 MW thermal power plant in Chhattisgarh’s Janjgir Champa District. Diligent Power (DPPL) is the holding company of DB Power.
JSW Steel: The steel maker has inked a 50-50 joint venture agreement with National Steel Holding (NSHL) for establishing scrap shredding facilities in India. NSHL is engaged in the business of metal recycling, collection and processing based in Auckland, New Zealand.
TCS: India’s largest software services exporter Tata Consultancy Services (TCS) has delayed variable compensation payout or performance bonus by a month for some employees for the June quarter (Q1 FY23).
Oriental Hotels: Nippon Life India Trustee has offloaded 1.95 lakh equity shares, or 0.1 percent stake, in the company through open market transactions.
