Share Market: Tata Tech, Gandhar Oil, Airtel, Thomas Cook, IDBI will fill the market today, prepare now
[ad_1]
Stock to Watch Today: The stormy bullish phase in the Indian stock market on Wednesday is likely to stop even today. At 07.38 am, GIFT NIFTY was at 20126.5 with a rise of 0.11 percent i.e. 21.5. However, looking at the listing of Tata Technology, there is hope from the market. Apart from this, mixed signals are being received from other markets of Asia. US markets closed flat on Wednesday, while macro-economic data indicated that inflation was running low, thus raising the possibility of a sooner-than-expected reversal in the interest rate cycle. The 10-year bond yield in America fell to 4.263 percent. Meanwhile, these shares will remain under watch in the Indian stock market today.
Tata Technologies: According to Gray Market Premium (GMP), this Tata Group stock is off to a great start with an expected gain of more than 70 percent. The company had issued shares at the rate of Rs 500 per share after receiving an overwhelming response to its IPO with a record number of applications.
Gandhar Oil Refinery, Fedbank Financial Services: Both these stocks will also enter the stock market on Thursday. GMP suggests that the former is also likely to list at a healthy premium of around 35 per cent, while the latter may see a muted launch.
RIL, Infosys, HDFC, ICICI BankAccording to Nuvama Alternative and Quantitative Research, domestic stocks are expected to see the highest inflows among these four stocks due to the US Federal Retirement Thrift Investment Board’s decision to change its benchmark index to gain international exposure. The move is likely to lead to an inflow of $3.6 billion (Rs 30,000 crore) into Indian equities.
Brokerage: Consultancy firm Bain & Company estimates that rising participation and rising financial literacy could help the domestic retail brokerage industry more than double its revenues over the next five years. The number of demat accounts has tripled since FY2019, thanks to increased interest due to the Covid-19 pandemic, Bain & Company said in a note.
Bharti Airtel: Sunil Mittal-owned Bharti Telecom, the holding company of Airtel, plans to raise up to Rs 8,000 crore in its biggest-ever rupee bond issue.
UltraTech Cement: Acquired cement grinding assets of Burnpur Cement in Jharkhand for Rs 169.79 crore.
IDBI Bank: The government on Wednesday issued a fresh RFP for the appointment of asset valuers for the strategic sale of IDBI Bank. The last date for submission of bids by asset valuers is January 5.
Thomas Cook India: Company promoter Fairbridge Capital (Mauritius) will sell 8.5 per cent stake or 32 million equity shares in the company at Rs 125 per share through Offer for Sale (OFS).
Metro Brands, Nykaa: US-based Foot Locker has entered into a long-term licensing agreement with Metro Brands and Nykaa Fashion’s parent company FSN E-Commerce Ventures to market Nykaa Fashion’s products in India.
Bank of Baroda (BoB): The target is to raise up to Rs 5,000 crore through the first tranche of infrastructure bonds maturing in 10 years on Thursday. The bond has been rated ‘AAA’ with ‘Stable’ outlook by CRISIL and India Ratings.
man infraconstruction: The company’s board approved the proposal to raise up to Rs 550 crore by issuing 35.50 million convertible warrants at Rs 153 each.
[ad_2]
Source link
