Shares to look at: Indigo, Tata Steel, United Breweries, Oil India under shares focusing today
Here is a quick look at stocks that are likely to focus in contemporary trade. Interglobe Aviation (Indigo) Indigo, co-founder Rakesh Gangwal, and the Chinkerpoo Family Trust plan to load a 3.1% stake through a £ 7,027 crore block agreement with a 4% discount, while he agrees to a 150-day lock-up period. Rail Vikas Nigam The company entered into a joint venture with Texmaco Rail & Engineering to execute projects in the railway and related infrastructure sectors. Under the proposed arrangement, RVNL will have a 51% stake, while Texmaco Rail will own 49%. Tata Steel Tata Steel invested £ 3,100 crore to shares in its subsidiary in Singapore, t Steel Holdings Pte Ltd. Dr Reddy’s The Pharmaceutical Company, for sale, obtained an interim accommodation from the Telangana High Court on the income tax recurrence related to his merger with DRHL. Zaggle Prepaid Zaggle Prepaid has announced to the exchanges that it has entered into an agreement with Standard Chartered Bank. United Breweries The alcohol and beverage enterprise invests £ 90 in a new canopy at the Nizam brewery of Telangana, which increases the capacity by 0.4 MHL to meet the growing demand for Kingfisher and Heineken. Oil India Oil India and Bharat Petroleum Corporation Ltd (BPCL) have set up a joint venture to build a gas distribution network in Arunachal Pradesh, which will include the construction of CNG stations and the provision of PNG provision to households, commercial enterprises and industries. The pharmaceutical giant Biocon has announced that its wholly owned subsidiary, Biocon Pharma, provisional approval of the US Food and Drug Administration (US FDA) for sitagliptin tablets in 25 mg, 50 mg and 100 mg doses. Power Grid The company received the project to set up an interstate transmission system in Karnataka. BSE The company’s subsidiaries, BSE Investments and BSE administration and supervision has obtained approval from their respective boards to continue with a merger with BSE technology. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or brokerage companies, not coin. We advise investors to check with certified experts before making investment decisions.