Given the encouraging clues from overseas markets, major benchmark indexes may start trading in a positive stance. As of 08:05 am, the SGX Nifty January futures price was 17,245, which was nearly 100 points higher than the last closing price of NSE. At the same time, here are the top stocks that are the focus of today’s trading.
Supriya Lifescience: According to signs of gray market premium (GMP), the stock may rise sharply. The stock is quoted at 40-45%, with a premium of about 400 rupees, while the issue price is 274 rupees per share. The IPO also received a strong response, with subscriptions exceeding 71.5 times. Rich investors (NII) bid as much as 161.2 times their limit, and retail investors bid as much as 56 times.
RBL Bank: After a sharp sell-off on Monday, the stock may become the focus today. Rating agencies ICRA and CARE have placed their ratings on private banks of concern and stated that they are monitoring the events of RBL Bank. After the executive officer (CEO) Vishwavir Ahuja abruptly leaves, assess any impact. read more
At the same time, RBL Bank announced that it will cooperate with Bajaj Finance to launch a joint credit card.
Telecommunications: The Ministry of Telecommunications said that in 2022, commercial 5G services will be launched in 13 cities in India, including metropolises. At the same time, telecommunications service providers require the government to keep the price of 5G spectrum within an acceptable range to achieve maximum industry participation. Read more Shriram Transportation Finance Company (STFC): After the group announced its merger plan, shares of this truck and commercial vehicle finance company have become one of the biggest losers in the BSE 200 stock in recent weeks. This is the future of stocks. Reading analysis
Adani Group: The group said that after fighting against climate activists for a seven-year campaign and ignoring global push to get rid of fossil fuels, it will start exporting high-quality, low-sulfur from its Carmichael mine in Australia as early as this week. Of coal. read more
Ashok Leyland: This truck manufacturer plans to enter the used car business. It will work with Shriram Automall India Limited, which is a market that connects buyers and sellers of used cars and equipment. The two companies will launch a physical and digital platform to facilitate the exchange, disposal and purchase of used commercial vehicles. read more
SpiceJet: Indian domestic airlines AirAsia India and SpiceJet launched discount programs on Monday, with fares as high as 1,122 rupees. Reservations are available between December 27th and 31st, and discounts apply to tickets between January 15th and April 15th. read more
Complete News Source : Business Standard
