Sensex and Nifty are likely to open higher in trade as Nifty futures on the Singapore Exchange traded 106 points higher at 15,012. Here's a look at few stocks which may remain in news in today's trade.
Reliance Industries: Mukesh Ambani led RIL is reported to have held talks with Saudi Aramco on a cash and share deal for sale of a 20 per cent stake in its oil refining and petrochemical arm.
ONGC: Oil and Natural Gas Corporation (ONGC) said it was seeking foreign partners for yet-to-be-developed fields in lesser prospective areas but is shackled by uneconomic gas prices and tax structure.
Morepen Laboratories: Drug firm Morepen Laboratories said its board has approved raising over Rs 433 crore through issue of shares to Switzerland's private venture capital firm Corinth Investment Holdings and Liquid Holdings, a promoter group of the company, on a preferential basis
RattanIndia Enterprises: The company has bought a substantial stake in EV two-wheeler maker Revolt Intellicorp for Rs 150 crore to enter the fast-expanding electric vehicle business.
Tata Communications: The Tata Group firm reported a consolidated net profit of about Rs 299 crore in Q4 against a loss of Rs 275 crore a year ago, while a "strong operating performance" for FY21 drove the "highest profit" in last 11 years. Its board has recommended a dividend of Rs 14 per share.
Bajaj Auto: The two-wheeler firm will announce its March quarter earnings on Thursday. In Q3, the company reported a 23% rise in standalone net profit at Rs 1,556 crore. Revenue from operations increased 17% to Rs 8,910 crore as compared to Rs 7,640 crore in December 2019.
Titan: The company will declare its Q4 earnings today. In an update on the March quarter performance, the jewellery and watch retailer had said it clocked 60% revenue growth in the March quarter helped by a low base in the same quarter in the year ago period, improved momentum in the market and a dip in gold prices.
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