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    Stocks in the news: RIL, Sun Pharma, RITES, IRB Infra, Voda Idea, TCS and Zee Entertainment

    Synopsis

    IOC is looking to defer some of its refinery expansion projects to sync them with changes in demand patterns resulting from the pandemic.

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    Bharti Airtel and Vodafone Idea (Vi), lost 1.12 million and 4.82 million customers respectively in June, in the aftermath of the December 2019 hikes and post-lockdown pangs.

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    Nifty futures on the Singapore Exchange traded 79.50 points, or 0.73 per cent higher at 10,924.50, 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:

    Reliance Industries (RIL): Reliance Jio outclassed its two older incumbent rivals, adding nearly 4.5 million mobile phone users in June 2020, taking its subscriber tally past 397 million, signaling that consumers had taken last December’s tariff hike in their stride, and further helped by the gradual easing of coronavirus lockdown restrictions. Separately, Reliance Jio has started offering mobile services on 22 flights on international routes, with plans starting at Rs 499 per day.

    RITES: The company it has bagged a Rs 206 crore contract to construct four road over bridges in Andhra Pradesh from Indian Railways. "RITES Ltd has been awarded a turnkey contract for construction of (ROBs) in replacement of existing level crossings on competition basis from Railway Board amounting to Rs 205.85 crore," the company said in a statement.

    Sun Pharma: The US arm of domestic pharma major Sun Pharma has said it is voluntarily recalling one lot of Riomet ER oral suspension in the US market, due to the presence of a probable human carcinogen above the acceptable daily intake limit.

    IRBInfra: IRB Infrastructure Developers said its special purpose vehicle (SPV) will start toll collection on Yedeshi Aurangabad highway in Maharashtra post completion of the project. The company said the highway stretch on NH 211 has received completion certificate.

    Bharti Airtel, Vodafone Idea: Bharti Airtel and Vodafone Idea (Vi), lost 1.12 million and 4.82 million customers respectively in June, in the aftermath of the December 2019 hikes and post-lockdown pangs as many feature phone users with prepaid connections gave up mobile connections as they were unable to recharge.

    Tata Consultancy Services (TCS): Technology services exporter, Tata Consultancy Services, said that it will be building the technology infrastructure for US and Canada-based women’s fashion retail chain, 'Maurices'.

    Zee Entertainment Enterprises: Integrated Core Strategies (Asia) Pte bought 49,63,315 shares of Zee Entertainment Enterprises at Rs 190.53 per share.

    Dixon Technologies: Max Life Insurance Co sold 65,000 shares of Dixon Technologies at Rs 8,402.01 per share, while The Vanguard Group Inc A/C Vanguard Emerging Markets Stock Index Fund A Series Of V I E I F bought 64,452 shares of the company at Rs 8,402 per share. The insurance company held 1.2 per cent stake in the company at the end of June.

    Indian Oil Corp: India's top oil firm IOC is looking to defer some of its refinery expansion projects to sync them with changes in demand patterns resulting from the pandemic and a gradual rise in the use of cleaner fuels, PTI reported citing chairman Shrikant Madhav Vaidya.

    IDFC First Bank: IDFC First Bank and a few other investors would be looking to lower their ownership in Suryoday Small Finance Bank, which is in the final laps of making an application for its IPO.

    Advanced Enzyme Technologies: Nalanda India Equity Fund bought 41,90,491 shares of Advanced Enzyme Technologies at Rs 263.80 per share, while Advanced Vital Enzymes sold 30,00,000 shares of the company at Rs 265 per share.

    Raymond: Textile and Apparels firm Raymond on Thursday said it will raise Rs 100 crore through NCDs on a private placement basis.

    Power Grid Corp: Power Grid Corporation of India (PGCIL) has got shareholders' approval to raise up to Rs 10,000 crore via bonds on a private placement basis in 2021-22.

    Panacea Biotec: Drug firm Panacea Biotec on Thursday said it has successfully completed Phase I/II clinical study to evaluate the safety and immunogenicity of its DengiAlI vaccine.

    Mindspace Business Parks REIT: K Raheja Corp and Blackstone Group backed Mindspace Business Parks REIT, has committed to transition to 100 per cent electric mobility by 2030.

    Adani Enterprises: The Competition Commission has approved Adani Group's proposed acquisition of controlling stake in Mumbai airport from GVK Airport Developers under the green channel route.

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    3 Comments on this Story

    Shashx Singham17 days ago
    IDFC First Bank has posted outstanding performance in Q1. Its stock price is available at decent valuation. There are huge opportunities after its merger with Capital First, effect of which will be visible in forthcoming performance. Management team lead by ace retail banker V Vaidyanathan is another huge positive. It is a very good stock for gradual acquisition and minting money for at least one decade. To know detailed analysis, https://youtu.be/83laNK2cvDw may please watch this video and subscribe this channel for latest updates
    avtar singh27 days ago
    STOCK MAREKT MAY COVER SOMETHING IF AGRI.BILL ORDINANCE MAY BE CANCELLED OTHERWISE ---------------
    Shaleen Nath28 days ago
    The INDIAN stock markets take cue from the US' market and the US' market also take guidance from the INDIA market... It is like chicken and egg analogy... both, appreciation and correction... The US market would be range bound due to the US' elections and this could also affect the Sensex and BSE... Though, stock markets could see increase after the US elections... In between stock market in INDIA could still help gauge markets' performance in the US... foreign capital could also flowin... INDIA's young population and better immunity could help lower deaths due to cov19... INDIA economy could recover faster than the aging economics... INDIAN economy lockdown has bottomed out and we have observed a fast recovery, though employment has yet to reach precovid levels...
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