India Pesticides, ONGC, JK Cement, Vodafone Idea, Bharti Airtel, NTPC, RIL actions in brief
Nifty futures traded 100.50 points or 0.64% higher at 15,848.50 on the Singapore Stock Exchange, suggesting a positive start for BSE Sensex and Nifty 50. In the previous session, the major clues ended the four-day losing streak to end up. BSE Sensex closed at 52,484 while the 50-stock NSE Nifty closed at 15,722. Analysts say the bulls appear to have gradually returned from lower support on Friday. “Confirmation of a bullish reversal through a continued bullish move is likely to open again up to the 15,900 levels in the near term. Immediate support is placed at 15,650 levels,” Nagaraj Shetti said. , Technical Research Analyst, HDFC Securities.
Focus on actions
India Pesticides: Agrochemical company India Pesticides is set to debut on the stock market on Monday. The Rs 800 crore IPO has been underwritten over 29 times. It was open for subscription from June 23 to 25, 2021.
CGSB: The Oil and Natural Gas Corporation (ONGC) announced on Sunday that it would purchase equipment and services worth more than Rs 30,000 crore to support its oil and gas exploration and production operations, which provide activities to local entities and support the “Aatmanirbhar Bharat” initiative.
Cement JK: JK Cement Ltd, part of JK Organization, targets up to 10 percent revenue growth this fiscal year, helped by the government’s push for infrastructure, a good monsoon and pent-up demand for the sector, PTI has quoted a senior company official as saying.
Vodafone idea: Vodafone Idea can raise funds through the sale of shares or promoters can inject capital that can be used to pay dues, the nonprofit Telecom Watchdog said in a letter to the telecommunications minister. while demanding the rejection of the debt-ridden company’s request for more time to pay dues of Rs 8,292 crore.
Bharti Airtel: In an interaction with FE, the chairman of the Bharti group, Sunil Mittal, said that such spectrum has not been auctioned anywhere in the world, as it is only required in certain places, unlike on airwaves. land that are needed everywhere. Although Jio and Vodafone Idea fought for the auction of this spectrum, in their response to a consultation paper launched by Trai, Bharti had remained silent on the subject.
NTPC: The state-run NTPC plans to launch the Initial Public Offering (IPO) of its newly formed renewable energy subsidiary in “a year and a half to two years,” a senior company official said. The company plans to split the subsidiary, which will raise funds to execute a plan to create green capacity of 60 gigawatts (GW), or double the previously planned level, by 2032.
Reliance Industries Ltd: Reliance Jio of Mukesh Ambani launched the âEmergency Data Loanâ service providing its phone users with instant data on loan, which they can pay for later. Jio, India’s youngest but largest telecommunications operator, understands that not all users are able to instantly purchase a data top-up for a variety of reasons, sources quoted by PTI said.