Indian benchmark indices may open on a weak note on Tuesday, August 17 after mixed global cues. Wall Street ended higher, while Asian counterparts traded mixed. In the interim, the SGX Nifty was trading 18.50 points or 0.11 per cent lower at 16,544.50 at 7:15 am, indicating a flat start for the broader index in India, cncbctv18.com Reported.
Top stocks to watch for the day:
Infosys: IT major will invest an additional USD 0.45 million in software-defined-server technology start-up Tidalscale Inc, taking its total investment to USD 3.45 million.
Coal India: Maharatna firm to buy new equipment worth over Rs 9,000 crore in FY22.
Hero MotoCorp: The two-wheeler major said it sold over one lakh units in a single day on August 9, the day it also celebrated its 10th anniversary.
Lupine: The drugmaker received provisional approval from the United States Food and Drug Administration (USFDA) to sell generic brivaracetam tablets used to treat partial-onset seizures.
Suven Life Sciences: Company is to conduct phase 3 clinical trial of SUVN-502 (maspirdine), a 5-HT6 antagonist for the treatment of agitation and aggression in Alzheimer’s type dementia.
Indiabulls Real Estate: The developer has filed an application with the National Company Law Tribunal (NCLT) for merger with Embassy Group entities, the company said in a regulatory notification.
Adani Enterprises – Sadbhav Infrastructure Project: Adani Road Transport Limited (ARTL), a wholly owned subsidiary of Adani Enterprises, on Monday announced that it will acquire 49 per cent stake in Maharashtra Border Check Post Network Limited (MBCPNL), a subsidiary of Sadbhav Infrastructure . project, at a commercial value of Rs 1,680 crore.
Escorts: The company on Monday announced changes in top management, including the elevation of Bharat Madan as chairman finance, group chief financial officer and corporate head. The organizational changes will be effective from April 1, 2022.
Indian Terrain Fashion: SBI Mutual Fund on Friday, August 13, through an open market transaction, sold 1.77 lakh equity shares in the company. Thus, reducing the shareholding from 5.74 per cent to 5.31 per cent.
Aarti Industries: The Board of Specialty Chemicals and Pharmaceuticals Manufacturers will meet on August 19, in which discussions will be held to convert its pharma business and allied activities into a separate entity.
Star Paper Mills: The company announced the resignation of its Chief Financial Officer (CFO) Sandeep Rastogi. He will serve a notice period of three months.
Pradeep Metals: Rating agency Crisil reaffirmed its long-term rating on BBB – while revising its outlook from stable to positive.
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