V-Guard Industries, PNB Housing Finance, Coal India, NTPC are the focus stocks?
Head indicators for BSE Sensex and Nifty 50 are likely to begin a positive note in the apartment week, following a 1.2% decline last week. A bright future was seen selling only 12.50 points on 15,007 on the Singaporean Exchange in the first trade on Monday. The spike in coronavirus cases in some Indian provinces and the rising bond reflects the feelings of investors. This week it is planned to release GDP data. According to the analyst, Nifty’s short-term trend continues to weaken. However, taking a fixed decision below 14950 could lead to many weaknesses up to 14700-14500 levels in the near future. Immediate resistance was introduced in 15115, according to Nagaraj Shetti, Technical Research Analyst, HDFC Securities.
V-Guard Industries: Kochouseph Chittilappilly, the founder and corporate chairman of V-Guard Industries, has sold 40 lakh shares of a $90 corporation to pay for social causes. PNB Real Estate Finance: According to the file-filling law, Punjab National Bank will not participate in PNB Finance’s fundraising plans, but the company will continue to seek to increase equity in other sources.
Coal India: The facility aims to allow 50% of the coal/lignite generated by the confiscated blocks to be sold, a move intended to improve production and increase dry fuel supply. The government plans to do so by inserting a provision in the Mining and Minerals Act (Development and Control), 1957 (MMDR).
Jubilant FoodWorks: Jubilant Foodworks Netherlands B.V., a wholly owned subsidiary of the Company, has entered into a purchase agreement with Turkey Private Equity Fund II L.P. to fully access Fides Food Systems Coöperatief U.A. holding 32.81% shares in DP Eurasia N.V. The Sales Arrangement was also used by Jubilant Foodworks Limited as collateral with respect to Jubilant Foodworks Netherlands B.V.
Torrent Power: Torrent Power on Saturday said it has already emerged as the man with the highest turnout at 51 percent of the electricity distribution company in the Union Territory of Dadra and Nagar Haveli and Dan & Diu. Around 16.66 billion units are currently delivered via Torrent Power to more than 3.65 million subscribers.
NTPC: On Saturday, the state-run NTPC announced it would provide solar power of 5 megawatts (MW) for a project in Auraiya, Uttar Pradesh. This power forms part of a 20 MW solar photovoltaic project located in Auraiya, about 200 kilometres from Lucknow, the state capital.