Indian shares are likely to open lower on Monday following weakness Asian peers. At 7 AM, the SGX Nifty was trading 20 points or 0.16 percent lower at 12,321, indicating a negative start for the Sensex and Nifty50. Among the stocks in the news today, Adani Group agreed to acquire a majority stake in Snowman Logistics and Bharti Airtel hiked its mandatory minimum recharge for pre-paid customers.
Here are the top stocks to watch out for in today’s trade:
Bharti Airtel hiked its mandatory minimum recharge for pre-paid customers to Rs 45 from Rs 23.
Irdai restored Reliance Capital's 100 percent shareholding in Reliance General Insurance and cancelled pledge enforcement of shares by Credit Suisse and Nippon India MF.
The board of Piramal Enterprises approved the issue of secured, rated, unlisted, redeemable NCDs aggregating up to Rs 2,750 crore.
The RBI-appointed administrator of DHFL called for a meeting of its creditors for the first time today
JSW Steel’s Netherlands-based unit will offload 39 percent stake in joint venture firm Geo Steel LLC for $23.08 million.
Adani Logistics, a unit of Adani Ports and SEZ, signed agreements to buy a 40.25 percent stake in Snowman Logistics from Gateway Distriparks.
Shares of Prince Pipes and Fittings will make a debut on the exchanges on December 30.
Cadila Healthcare clarified that it has no plans to sell two of its divisions
The board of directors of RITES declared an interim dividend of Rs 6 per share.
Oricon Enterprises prepaid the term loan of Rs 300 crore to Indiabulls Housing Finance.