The Indian market is likely to open lower on Wednesday after a fall in global competitors. cncbctv18.com reported that at 7:10 am, SGX Nifty was trading 65.00 points or 0.41 per cent lower at 15,766.00, marking a negative start for the broader index in India.
Top stocks to watch for the day:
Mahindra & Mahindra: The company will acquire 31.2 per cent stake in Renew Sunlight Energy (RSEPL) for Rs 16.07 crore.
NMDC: The government’s offer for sale (OFS) in the company opened well on Tuesday with institutional investors bidding for over Rs 3,700 crore.
Bajaj Auto: The company has reduced the price of the Dominar 250 motorcycle by Rs 16,800 to Rs 1,54,176 (ex-showroom Delhi).
Titan Company: The company reported revenue growth of around 117 per cent (excluding bullion sales) in the first quarter of FY12. The jewelery division grew by around 107 per cent (excluding bullion sales) over the previous year, mainly due to zero sales in April of last year. While their watches and wearables division grew by about 280 percent and the eyewear division grew by about 117 percent.
Kotak Mahindra Bank: Kotak Securities, a subsidiary of the private lender, has inked an agreement to buy 9.96 per cent stake in Credent Infoage Pvt Ltd for Rs 10 crore.
Shobha: The real estate developer achieved total sales volume of 8,95,539 sq ft super built-up area valued at Rs 682.9 cr in Q1FY22, while 6,50,400 sq ft super built-up area valued at Rs 487.7 cr sold in Q1FY21 Up area sold. .
TVS Motor Company: The company has launched the 125 cc scooter NTORQ 125 Race XP, priced at Rs 83,275 (ex-showroom, Delhi).
Tata Power: Shareholders of the company approved the reappointment of its chairman Natarajan Chandrasekaran as a director of the firm.
RBL Bank: The lender’s total deposits grew 21 per cent YoY to Rs 74,480 crore in Q1FY22 and gross advances grew 2 per cent to Rs 58,755 crore in the June 2021 quarter.
Mastek: Indian multinational tech company has appointed Hiral Chandrana as the global chief executive officer of Mastek Group.
Gillette India: Company appointed Gautam Kamath as Chief Financial Officer and Additional (Executive) Director with effect from August 1.
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