Meanwhile, foreign investors sold Indian shares worth 44.99 billion rupees ($538.8 million) on a net basis on Monday, while domestic institutional investors bought 35.63 billion rupees in stocks.
The Gift Nifty was trading at 22,254.50 as of 8:09 a.m. IST, indicating that the Nifty 50 will open above Monday’s close of 22,104.05.
Stocks to be in focus today, according to Experts and Zee Business
- Vedanta Stock: The firm is considering raising funds through issue of equity shares via FPO, rights issue or any other way on May 16.
- Shriram Finance Stock: The company has approved the sale of its housing finance subsidiary Shriram Housing Finance to Warburg Pincus for Rs 4,630 crore. Shriram Finance’s plans to sell off its housing finance business will be in focus.
- Tata Consultancy Services (TCS) Stock: The company announced a set up of a first-of-its-kind human-centric AI Center of excellence in France.
- RVNL Stock: Rail infrastructure developer bagged a work order worth 2.39 billion rupees from Southern Railway.
- Cochin Shipyard Stock: The company received orders in the range of Rs 500-1000 crore from a European client for Hybrid SOVs.
- Coromandel International Stock: The company is going to acquire an additional 6.99% stake in Dhaksha Unmanned Sys for Rs 150 crore.
- Zomato Stock: Online food delivery firm Zomato Ltd on Monday reported a consolidated net profit of Rs 175 crore in the March quarter on the back of higher revenue. The company had posted a consolidated net loss of Rs 188 crore in the same quarter last fiscal, Zomato Ltd said in a regulatory filing.
- Jindal Steel Stock: Jindal Steel and Power Ltd (JSP) on Monday reported a two-fold jump in consolidated profit after tax (PAT) to Rs 933 crore in the March quarter, as the company managed to reduce expenses. It had posted a PAT of Rs 466 crore during the fourth quarter in last fiscal, the company said in an exchange filing.
- DLF Stock – Indian real estate company reported higher fourth-quarter profit, aided by sturdy luxury housing demand.
- Hindalco Stock – Aluminium producer’s unit Novelis made public its filing for an initial public offering in the United States.
(With Input From Agencies)
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice.)
Denial of responsibility! Todays Chronic is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – todayschronic.com. The content will be deleted within 24 hours.