The Indian market is likely to open on a flattish note Tuesday amid positive global cues on hopes of the COVID-19 vaccine. At 8:00 am, the SGX Nifty was trading 0.50 points lower at 12,952.50, indicating a flat start for the Sensex and Nifty50.
Here are the top 10 buzzing stocks for today:
1. Reliance Industries: The company’s subsidiary Jio Platforms has received the subscription amount of Rs 33,737 crore from Google International LLC for 7.73 percent stake. (Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.)
2. Coal India: Four trade unions have served notice for a strike on November 26. Additionally, the company will increase non-coking coal price by Rs 10 per tonne effective December 1.
3. AU Small Finance Bank: The bank has sold 4.46 percent stake in Aavas Financiers.
4. Jubilant Industries: The company has executed an “Agreement to Sell” for transfer of portable liquor license of the company for manufacturing of Indian Made Foreign Liquor. Consequent to the transfer of the License, the company shall no longer be manufacturing Indian Made Foreign Liquor.
5. GMR Infrastructure: The company’s subsidiary GMR Kamalanga Energy is required to pay claims of Rs 1,005 crore to SEPCO Electric Power Construction towards project payments, prolongation costs, as confirmed by the arbitration tribunal. There is an existing provision of Rs 1,092 crore in GEKL books towards any such liability.
6. Exide Industries: The company further invested Rs 33.17 crore in its subsidiary (joint venture company) Exide Leclanche Energy and increased its shareholding to 80.15 percent.
7. Ingersoll-Rand (India): Ingersoll-Rand Inc proposed to sell up to 14.25 lakh equity shares in Ingersoll-Rand (India) via offer for sale at a floor price of Rs 578.6 per share on November 24-25.
8. Trigyn Technologies: The company’s contract with the United Nations for the provision of IT Staffing Support Service for Office of Information and Communication Technology (OICT) is now extended and will expire on 31 December 2021. Further the United Nations Not-To-Exceed Amount (NTE) of the Contract is revised from the existing US$ 194,160,722.84 to US$ 215,160,722.84.
9. Opto Circuits: The company reported a loss of Rs 4.67 crore in Q2FY21 as against loss of Rs 1,270.8 crore, revenue fell to Rs 17.5 crore from Rs 39.5 crore YoY.
10. HFCL: Promoter entity MN Ventures acquired 5 lakh equity shares in the company via open market transaction.