After a positive start to the final week of 2022, markets are expected to extend gains on Tuesday morning, with global cues remaining positive. The SGX Nifty futures were quoted at 18,080 at 07:50 AM, compared to the actual Nifty 50 close of 18,015 yesterday.
Meanwhile, the following stocks are expected to see some trading on Tuesday.
NTPC: The power company has signed a non-binding Memorandum of Understanding (MOU) with the Indian subsidiary of Italy-based Maire Technimont Group to jointly analyse and investigate the possibilities of developing a commercial scale green methanol production facility at NTPC’s project in India.
Suven Pharma: Advent International, a global private equity firm, has agreed to buy a 50.1 percent share in Hyderabad-based Suven Pharmaceuticals for Rs 6,313 crore. The former will issue an open offer for a further 26% shareholding at Rs 495 per share.
Share India Securities (SIS): On December 26, the company’s board authorised a proposal to raise up to Rs 1,000 crore through a rights issue of specified shares.
Jet Airwarys: With the airline’s future unknown, at least two senior executives, as well as some pilots and cabin personnel, have left, according to sources. The Jalan Kalrock consortium won the insolvency resolution procedure for Jet Airways in June 2021, although the carrier has yet to begin operations.
GAIL India: According to a top official, the state-run energy business will conduct exploration and production of mineral crude oil, natural gas, and coal bed methane (CBM) in a 486.39 square kilometre area of the Barmer-Jaisalmer block.
Alembic Pharmaceuticals: The drugmaker has gained final approval from the US Food and Drug Administration for its generic Fulvestrant injection, which is used to treat breast cancer. According to the company, the approved injectable is therapeutically similar to AstraZeneca Pharmaceuticals’ reference listed medicinal product (RLD), Faslodex Injection.
Puravankara: The board of directors of the firm will meet on December 29 to evaluate and approve the proposal for the issuing of non-convertible debentures via private placement in one or more tranches.
Time Technoplast: The company has won a Rs 75 crore repeat order from Adani Total Gas for the provision of Type-IV composite cylinder CNG cascades. These cascades will be delivered beginning in January 2023.
LIC Housing Finance: Effective December 26, the mortgage lender raised its home loan rates by 35 basis points (bps). The new prices begin at 8.65%, according to a statement issued by the firm on Monday.
Stocks in F&O ban: Punjab National Bank (PNB) was the sole stock in F&O ban period on Tuesday.
