[ad_1]
Watch out for these stocks in Monday’s trading session!
Indian benchmark indices concluded the year’s last session lower, primarily due to losses in BSE Fast Moving Consumer Goods (FMCG) and BSE Bankex. In an otherwise sluggish market, BSE Consumer Durables was the best-performing sector with gains of 0.85 per cent. The BSE Sensex fell 0.48 per cent to 60,840 level at the close. The Nifty 50 index lost 0.47 per cent to a level of 18,105.
Watch out for these stocks in Monday’s trading session –
Adani Enterprises – The company disclosed that RRPR, an indirect subsidiary of the company and a member of NDTV’s promoter group, had acquired a 27.26 per cent equity stake in NDTV by way of an inter-se transfer from Mr Prannoy Roy and Mrs Radhika Roy. Shares of NDTV witnessed a significant rally and have soared about 200 per cent so far this year.
Reliance Industries – Reliance Consumer Products Limited, a fully-owned subsidiary of Reliance Retail Ventures, will purchase a 51 per cent controlling stake in Lotus Chocolate Company and launch an open bid to acquire up to 26 per cent of the company. Shares of Lotus Chocolate Company rallied and locked at a 5 per cent upper circuit as a result.
Tata Power – The Company announced the issue of 10,000 unsecured, redeemable, taxable, listed, rated, non-convertible debentures (NCDs) worth up to Rs 1,000 crore. Despite a weakening market, shares ended the session nearly 1 per cent higher.
[ad_2]
Source link
