Here is a list of top 10 stocks that are likely to be in focus on Thursday:
State Bank Of India: Banks may be substantially capitalized at present, but they will require additional capital of $70 billion ( 5.3 trillion) to support India’s ambitions in becoming a $5 trillion economy, SBI Chairman Dinesh Khara said on Wednesday.
Vedanta: Vedanta Ltd. is aiming to expand to 1,000 crore by way of non-convertible debentures (NCDs), the mining major said in a regulatory filing on December 22. In this regard, the company is holding its duly constituted committee of directors on 27th December, 2021.
Kotak Mahindra Bank: Subsidiary Kotak Mahindra Prime acquired the passenger vehicle financing portfolio of Ford Credit India, the Indian captive financing arm of Ford Motor Company.
Future Retail: Amazon.com Inc. is taking India’s financial crime-fighting agency to court, seeking to quash an investigation into one of its 2019 deals, a court filing seen by Reuters shows. India’s Enforcement Directorate (ED) has for months been probing Amazon’s $200 million investment in India’s Future Group for suspected violations of foreign investment laws.
Indiabulls Real Estate: Indiabulls Real Estate Board has approved raising funds till 1,500 crore through one or more Qualified Institutions Placements (QIPs), the company told stock exchanges on Wednesday. The funds will be used to enhance the company’s long-term resources and maintain sufficient liquidity to meet funding requirements for business activities, existing and new projects and future business development.
PSP Projects: The Gujarat Pollution Control Board (“GPCB”) vide its letter dated December 21, 2021 has granted a consent (NOC) for setting up of industrial plant for manufacturing of precast and the company has started manufacturing activities.
Titan Company: Markets regulator SEBI on Wednesday fined an employee of Titan Company Ltd for violating insider trading rules. The order comes after a probe conducted by SEBI between April 2018 and March 2019.
Sensis Tech: has announced the acquisition of Allegro Technologies, a technology-driven company with a presence in the US, Europe and India and expertise in product design and robotics automation (manufacturing engineering) services.
Vivanta Industries: Letter of Intent has been received from Vitanova Healthcare Uganda for execution of a pharmaceutical project for manufacturing of tablets, capsules and oral liquids on turnkey basis including planning, designing, engineering, manufacturing, supply, installation and commissioning of plant and machinery. With obtaining WHO approval.
Axiscades Technologies: Shashidhar SK as Chief Financial Officer.
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