Stocks to watch: Suvan Pharma, Telecom, Restaurants, Travel, DLF, Tata Power | Daily News Byte

Stocks to watch: Suvan Pharma, Telecom, Restaurants, Travel, DLF, Tata Power

 | Daily News Byte


Stocks to watch today: The market is likely to find some respite after last week’s notable losses. At 07:50 AM, SGX Nifty futures were quoted at 18,020 against the Nifty 50 which closed at 17,807 on Friday.

Meanwhile, the following stocks are likely to trade on Monday.

Trade days: Advent International has signed an agreement to acquire a major stake in Suven Pharma, with its promoters the Jasti family. After buying shares, Advent will also offer to open for an additional 26 percent shares, and explore the merger of Suven Pharma with the stock company Cohance Lifesciences.

Hotels, travel: Shares of tourism and restaurant owners are likely to be on target as new forms of Covid-19 threaten to disrupt demand. So far, India has tested mandatory for international tourists from 5 countries.

Telecommunications: In a major push for 5G service providers, the Ministry of Railways will allow Private players to install towers in its land, business standards have learned. So far, this right has been reserved only for its own telecom arm – RailTel Corporation of India. Read more

Hindustani: The world’s second largest zinc producer, is planning a Rs 10,000 crore budget that will help it accelerate the pace of decarbonisation and tap new areas for growth. Read more

Tata Power: The private power company plans to raise up to 2,000 million rupees through bonds to finance its operations. self At the same time, 450 million rupees of sustainable commercial capital was combined from the Japanese banking institution MUFG (Mitsubishi UFJ Financial Group ) for renewable energy projects. Read more

Jubilant FoodWorks: Shares of Indian franchise owner Domino’s underperformed the market after Q2 results due to a sharp drop in revenue and management’s decision to limit price increases. However, going forward, aggressive store expansion, new menu options should drive growth for QSR. Read the analysis

LIC: India’s largest insurance company may demand a call on integrated licensing requirements after the passage of the Insurance (Amendment) Act in Parliament, sources said. The combined license will allow the insurer to conduct general and health insurance through a single entity.

DLF: The Competition Commission of India (CCI) is likely to appeal against the order of the National Company Law Appellate Tribunal (NCLAT), which gave a clean chit to the DLF major in further investigations, people close to the development told Business Standard. . Read more

PTC Financial Services: Rating agency ICRA downgraded the short-term rating for PTC Financial Services (PFS) from “A1+” to “A1”, citing significant moderation in the company’s operations, weak assets and moderate profitability indicators.

Stock in F&O ban: Indianbulls Housing Finance was the only stock in the F&O session on Monday.


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