Top 12 stocks in focus today: Axis Bank, Power Grid, Future Consumer
Adani Group stocks as the company has joined the race to acquire the Indian renewable assets of Singapore-based Equis Energy, which has put its entire portfolio valued at about $5 bn on the block, as per media reports.
PC Jeweller said its domestic sales rose 30% in the second quarter, lending credence to the belief that the implementation of the GST has enhanced bullion purchases from organised vendors.
Nalco is planning to set up two joint ventures – one with US-based Almex and another with Russia’s Rusal – at the upcoming Angul Aluminium Park in Odisha, as per media reports.
Wipro reported a 5.5% rise in sequential and 6% rise in YoY rise in net profit at Rs 2,189.50 crore for the September quarter.
Power Grid Corp won a bid for the India Eastern Region Project.
Astrazeneca Pharma received DCGI approval to market its XIGDUO XR Tablets used for the treatment of type-2 diabetes in adults.
Nila Infrastructure will merge real estate business into unit PSL, following which PSL will be listed.
Axis Bank missed street estimates as NII for the quarter was 4.5% below street estimates of Rs 4741 crore. Also, net profit for the quarter was almost 66% down from street estimates of Rs 1298 crore.
Sun Pharma says Taro received USFDA nod for Dapsone Gel.
GNFC to list GDRs of the company on the Luxembourg Stock Exchange from December 12.
Future Consumer enters into JV pact with EK Sons Agro for distribution of wheat products.
RBI hikes Claris Lifesciences’ FPI investment limit to 49 percent; NRI limit at 24%.