The Indian market is likely to open higher Thursday following gains in Asian peers amid mixed global cues. At 7:50 am, the SGX Nifty was trading 54.50 points or 0.36 percent higher at 15,250.50, indicating a positive start for the Sensex and Nifty50.
Here are the top 10 buzzing stocks for today:
1. Bharti Airtel: The company will acquire 20 percent stake in Bharti Telemedia from Lion Meadow Investment Ltd, a Warburg Pincus entity.
2. GAIL India: The company’s share buyback will open on February 25 and close on March 10.
3. IndiaMART Intermesh: The company has launched QIP to raise around Rs 1,100 crore at an issue price of Rs 8,615 per equity share.
4. Dish TV India: The company has approved raising funds of up to Rs 1,000 crore.
5. Alembic Pharmaceuticals: US FDA has issued Form 483 with 5 observations to the company’s injectable facility at Karakhadi. US FDA had inspected the facility from January 28 to February 6.
6. NALCO: The company will open its share buyback worth Rs 749.1 crore on February 25 and close on March 10.
7. Jubilant FoodWorks: The company has appointed Ashish Goenka as CFO.
8. VA Tech Wabag: The company has completed the financial closure for its Hybrid Annuity Model project received from Kolkata Metropolitan Development Authority.
9. Phillips Carbon Black: The company has commissioned two specialty black lines at Palej in Gujarat.
10. Magma Fincorp: ICRA has placed the rating of the company’s Long Term Fund based term loans (ICRA AA-) on watch with developing implication.