The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.02% higher by 4.5 points at 24,115 indicating that the domestic benchmark indices are likely to make a lackluster start on Friday.
On Thursday, 28 November, Domestic benchmark indices S&P BSE Sensex slumped 1,190 points or 1.48% to end at 79,044 while the Nifty50 traded 360 points lower or 1.49% and settled at 23,914.
Here are some stocks that are likely to remain in focus on 29 November.
Reliance industries: The company’s US-based subsidiary has acquired a 21% stake in US-based Wavetech Helium, Inc., marking the company’s expansion in the helium segment that can significantly lower carbon footprint.
SAIL: The company has announced the signing of a memorandum of understanding (MoU) with John Cockerill India to promote advanced green steel solutions in India. As a part of the MoU, the companies will collaborate to transform iron and steelmaking in India.
Sun Pharmaceuticals: The company said the Ministry of Corporate Affairs had imposed penalties on certain past and present directors and officials of the company for non-disclosure and not getting approval from its board and shareholders for certain party transactions.
PCBL: The company said that the second and final phase of its speciality chemical capacity expansion at the Mundra plant in Gujarat has been successfully commissioned.
State Bank of India: The public sector company is well poised to reach the Rs 100 trillion mark in total business in the next fiscal year.
Newgen Software Technologies: The company has announced that it is securing a purchase order from the Reserve Bank of India worth Rs 32 crore for the implementation and maintenance of the Regulatory Application Management System.
Sindu Valley Technologies: The company has announced receiving a subcontract worth Rs 38 crore from GHV India for road construction work in Maharashtra and another subcontract worth Rs 125 crore from GHV-MHK JV in Gujarat.
James Warren Tea: The company has announced signing a Business Transfer Agreement with Rajah Alli Tea and Industries LLP for the sale of Rajah Alli Tea Estate for a total consideration of Rs 19 crore.
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The post Stocks in Focus: Reliance Industries, SAIL, Sun Pharmaceutical, and Others appeared first on Equitypandit.
The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.02% higher by 4.5 points at 24,115 indicating that the domestic benchmark indices are likely to make a lackluster start on Friday. On Thursday, 28 November, Domestic benchmark indices S&P BSE Sensex slumped 1,190 points…
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