Stocks To Watch Today: Reliance, Kotak Mahindra Bank, Rain Industries, Biocon, JSW Infrastructure

Top stocks to watch today are Reliance, Kotak Mahindra Bank, Rain Industries, Biocon, JSW Infrastructure.

Markets in the US ended mixed on Friday. The Nasdaq ended lower by 37 points, while Dow Jones gained 120 in trade. Back home, both Sensex and Nifty ended marginally in the red after a volatile session. The Nifty ended at 22,212, while Sensex ender 15 points lower at 73,142.

Top stocks to watch today are Reliance, Kotak Mahindra Bank, Rain Industries, Biocon, JSW Infrastructure.

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Reliance Industries: Shares of Reliance will be in focus today after a Bloomberg report suggests that RIL & Disney have signed binding merger pact to merge their media operations in India. The deal is likely to be announced early this week, said the report.

Kotak Mahindra Bank: The bank, Zurich and Kotak Mahindra General Insurance Company have mutually agreed that Zurich will acquire 70 percent stake in Kotak General through a combination of primary and secondary acquisitions in a single tranche, for Rs 5,560 crore.

Rain Industries: The calcined petroleum coke producer has posted consolidated net loss at Rs 107.9 crore for quarter ended December 2023 (Q4CY23), against profit of Rs 12.6 crore in year-ago period, impacted by lower topline, impairment loss and higher finance cost. Consolidated revenue from operations fell by 25 percent year-on-year to Rs 410 crore for the quarter.

Biocon: The biopharmaceutical company has given a corporate guarantee of $20 million in favour of Mizuho Bank to secure term loan facility of $20 million extended to company’s step-down subsidiary Biocon Generics Inc by the bank. The corporate guarantee is valid for 5 years.

JSW Infrastructure: The JSW Group company has received Letter of Award from V O Chidambaranar Port Authority for mechanization of North Cargo Berth-III (NCB-III) for handling dry bulk cargo at the port on design, build, finance, operate and transfer (DBFOT) basis through PPP basis.

(BU confirms that some of the inputs above are from Moneycontrol and attribute the same to the publication.)