The Indian market is likely to open lower Thursday as the trend on SGX Nifty indicates a negative start for the broader index in India amid weak global cues. The Nifty futures were trading 72.00 points or 0.48 percent lower at the 15,066.00 level on the Singaporean Exchange at 8:20 am.
Here are the top 10 buzzing stocks for today:
1. TCS
: The IT major has announced further deepening of its ties with Amazon Web Services (AWS) with the launch of the new TCS AWS Business Unit to help enterprise customers accelerate their innovation and drive superior business outcomes using AWS.
2. Titan Company: The company’s Q3FY21 standalone profit fell 10.9 percent to Rs 419 crore from Rs 470 crore, while revenue rose 17.4 percent to Rs 7,287 crore from Rs 6,206.2 crore, YoY.
3. BPCL: The company will buyout Oman Oil Company’s 36.62 percent stake in the Bina refinery project for approx. Rs 2,399.26 crore.
4. Magma Fincorp: Rising Sun Holdings Pvt Ltd (RSHPL) will acquire 60 percent stake (45.80 crores shares) of Magma Fincorp for Rs 3,206 crore at Rs 70 per share.
5. Eicher Motors: Royal Enfield CEO Vinod Dasari said that it may look at hiking prices from April in view of rising commodity prices.
6. Bank of India: The Competition Commission of India has approved the acquisition of 49 percent stake each in BOI AXA Investment Managers and BOI AXA Trustee Services by Bank of India.
7. National Fertilizers Ltd: The government will sell 20 percent of its stake in the company through an offer for sale and has invited bids from merchant bankers for managing the share sale.
8. AU Small Finance Bank: The bank has terminated the Corporate Agency Agreement with Acko General Insurance.
9. Shree Renuka Sugars: The company has approved the capacity expansion for ethanol production from 720 Kilo Litre Per Day (KLPD) to 970 KLPD at a cost of Rs 204 crore.
10. Aurobindo Pharma: The company’s reported a sharp rise in Q3FY21 net profit at Rs 2,946.3 crore from Rs 705.3 crore, while revenue rose 8 percent to Rs 6,364.9 crore from Rs 5,895 crore, YoY.