Here are the top stocks to watch in today s session:
Karnatak Bank, Tata Elxsi: Karnataka Bank, Tata Elxsi, Steel Strips Wheels, Filatex India, Hathway Bhawani Cabletel, HPL Electric & Power are among the 13 firms slated to announce their quarterly earnings on January 12.
Tata Motors: Jaguar Land Rover s retail sales fell 9 per cent YoY to 1,28,469 units in the October-December quarter, but increased by 13.1 percent QoQ.
Dishman Carbogen: Promoter Adimans Technologies LLP will sell 3.87 per cent stake in the company via offer for sale on January 12-13, with an option to additionally sell up to 2.05 per cent shares.
Adani Green: The Competition Commission of India (CCI) approved acquisition of share capital in Adani Green Energy by a subsidiary of Total SE. Commission approves acquisition by Total SE through its subsidiary Total Renewables SAS in share capital of Adani Green Energy Limited, the regulator said in a tweet.
Stocks in news: GAIL, Tata Motors, Dr Reddy, M&M, HUL, Force Motors, Sunteck Realty
Stocks to watch today on January 12: GAIL, Tata Motors, Dr Reddy, M&M, HUL, Force Motors, Sunteck Realty among others are the top stocks to watch out for in Tuesday s trading session
BusinessToday.In | January 12, 2021 | Updated 10:16 IST
Stocks to watch today on January 12
Stocks to watch today: Here is a list of top stocks that are likely to be in focus in Tuesday s trading session based on latest developments.
Dr Reddy s Laboratories: The Data and Safety Monitoring Board has recommended recruitment for the phase 3 clinical trials of Sputnik V vaccine for Covid-19, that has met primary endpoints of safety. The pharma has also has submitted phase 2 safety data to DCGI for review and approval.
Updated Jan 12, 2021 | 09:43 IST
Karnataka Bank Ltd, Steel Strips Wheels and Tata Elxsi Ltd to post their Q3 numbers today Stocks to track in trade for January 12, 2021: Tata Motors, Dr Reddy s, GAIL, Dishman Carbogen . | Photo Credit: BCCL
Key Highlights
Dr Reddy’s Lab Says Sputnik V meets primary endpoint in India trial
Force Motors approves issuance of NCDs up to Rs 500 cr through private placement basis
Tata Motors
JLR retails for Q3 came in at 1,28,469 vehicles, up 13.1% QoQ, down 9% YoY. China sales up 20.2% on the prior quarter and 19.1% YoY. The Retails in most other regions also continued to recover and were up significantly QoQ. Brokerage firm CLSA has maintained a buy stance with a target price of Rs 270/share.
Dishman Carbogen Amcis declined 2.42% to Rs 151.15 as the offer for sale (OFS) opened for non-retail investors today.Through the OFS, the company s promoter Adimans Technologies LLP proposes to sell over 68.98 lakh shares, constituting 4.4% paid-up share capital of the company, with an option to sell an additional 4.4% stake or 68.98 lakh equity shares (oversubscription option).
Adimans Technologies LLP held 63.2% stake or 9,90,91,898 shares of Dishman Carbogen as of 30 September 2020.
The floor price for the OFS was set at Rs 145.70 per shares, at a 15.52% discount to Dishman Carbogen s closing price of Rs 154.90 on Thursday, 17 December 2020.
The OFS opened on Friday (18 December 2020) for non-retail investors, while both retail as well as non-retail investors will be able to subscribe on Monday (21 December 2020). A total of 15% of the offer size has been reserved for retail investors.