Check out the stocks that will be in focus during trade today based on recent and latest news developments.
Aviation stocks in focus as Civil aviation minister Hardeep Singh Puri stated that InterGlobe Aviation has modified engines in all of its 134 (A320/321) aircraft with Pratt and Whitney turbines. Go Airlines has replaced the engines in 30 Airbus SE A320neo jets out of a total fleet of 46 such planes.
SpiceJet said in a press release that it continues to maintain market share of 16% and it is restructuring aircraft leases and early return of aircraft thereby having long term saving impact on costs.
Government’s Biotechnology Industry Research Assistance Council has facilitated the establishment of the vaccine manufacturing platform in India by supporting Aurobindo Pharma’s COVID-19 vaccine development.
Future Enterprises Ltd on Tuesday reported a consolidated net loss of Rs 322.92 crore for the quarter ended on June 30, 2020.
Hexaware Tech board has extended bid closing date till Sept.16 for the company’s delisting.
Also Read: Advanced Apple Watch Series 6 and affordable Apple Watch SE are official
Indiabulls Housing Finance board approved allotment of 3.48 crore equity shares to qualified institutional buyers at an issue price of Rs196.37 per share, which includes a discount of 5% on the floor prices aggregating to Rs 682.9 crore. The issue closed on Sept.14. Key allottees include HSBC, Tosca Group, Nomura, Think India Opportunities Master Fun, Timf Holdings and Societe Generale.
Dish TV to shift 50% of its set-top box production to India by the first quarter of fiscal 2021.
Bharti Airtel has partnered with Sterlite Tech to build a modern optical fibre network for Airtel across 10 telecom circles.
Infosys has been selected by Essential Utilities, one of the largest publicly traded water, wastewater and natural gas providers in the U.S., as a strategic partner to drive its digital transformation
Piramal Enterprises stock in focus as Blackstone Group and Partners Group Holding AG are the two remaining bidders vying for a controlling stake in the company’s glass unit-Piramal Glass. Group is seeking a seeking a valuation of $1 billion for the unit from the sale, as per media reports.
Mangalore Chemicals and Fertilizers has shut down its DAP plant on Sept.15 for planned maintenance. Akshay Poddar has been appointed as the chairman with effect from Sept.29.
Lakshmi Vilas Bank stated that mutual due diligence with Clix group and the bank is completed. On June 15, the Bank had signed a preliminary, non-binding letter of intent with Clix Group in relation to the proposed amalgamation of Clix Group with the Bank.
