Domestic equity market benchmarks BSE Sensex and Nifty 50 were staring at a negative start on Monday, as suggested by trends on SGX Nifty in early trade.
Nifty futures on the Singapore Exchange traded 38.5 points, or 0.22 per cent lower at 17,704.50, signaling that Dalal Street was headed for a negative start on Monday. Here are a dozen stocks which may buzz the most in today's trade:
RIL, ONGC, Oil India: The profitability of upstream oil and gas companies Oil and Natural Gas Corporation (ONGC), Oil India and Reliance Industries (RIL) is seen rising in FY23 on the back of a 110% hike in domestic natural gas price to $6.1/mmBtu, said analysts at Morgan Stanley.
Stocks to watch
While the margins of city gas distribution (CGD) companies – Indraprasth Gas, Mahanagar Gas and Gujarat Gas – would contract despite CNG and PNG being still more competitive to petrol, diesel and LPG.
Hindustan Copper (HCL) has drawn up a plan to expand its copper ore capacity by five times to 20.2 million tonne per annum (mtpa) at a cost of Rs 5,500 crore.
HDFC Bank on Sunday said its advances grew 20.9% year-on-year (y-o-y) and 8.6% on a sequential basis to Rs 13.69 trillion as of March 31, 2022. Deposits of the bank grew 16.8% y-o-y and 7.8% sequentially to Rs 15.59 trillion.
Infosys is shifting its services from Russia to its other global delivery centres, according to sources. The move comes amid mounting pressure on UK Chancellor Rishi Sunak, who has been fielding some tough questions lately over the Russian presence of Infosys, a company in which his wife, Akshata Murty, has a share.
Tata Power on Friday said it has received the National Company Law Tribunal’s (NCLT) approval to merge its wholly-owned subsidiary Coastal Gujarat Power (CGPL) with itself.
Wipro collaborated with University of South Carolina and Indian Institute of Technology, Patna to advance artificial intelligence (AI)-led innovation.
TVS Motor’s subsidiary TVS Motor (Singapore) Pte Ltd has acquired a 70 per cent stake in United Kingdom-based EBCO for 1,163,070 pounds.
TVS Motor Company
Maruti Suzuki India aims to sell 4-6 lakh CNG units in the current fiscal year depending upon supply situation of essential components.
The PSU oil major said it will invest nearly Rs 840 crore in expanding its Petroleum, Oil and Lubricant (POL) storage capacities, including setting up a greenfield facility, in the Northeast.
Indian Oil Corporation
The power trading solutions provider said it has registered a record trade volume of 87,450 million units in 2021-22, which was 9.25 per cent higher than the pervious year.
An arm of JSW Neo Energy has inked a pact with the Chhattisgarh government for setting up a 1,000 MW capacity hydro pumped storage project due to rapid addition of renewable energy capacity, development of energy storage solutions.
The packaging material producer will set up a CPP film production line in Aurangabad at an investment of Rs 140 crore. The company will invest Rs 140 crore funded through internal accruals and debts
Two leading companies of the Kishore Biyani-led Future Group - Future Retail and Future Enterprises - collectively defaulted on loan repayments worth Rs 8,157.97 crore. The due date for payment of Rs 2,835.65 crore by Future Enterprises and Rs 5,322.32 crore by Future Retail was March 31, 2022.
Future Group stocks