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ITDC, BEML surge up to 17% on report govt may invite EoI for divestment

Shares of state-owned hotel company India Tourism Development Corporation (ITDC) and defence firm BEML rallied up to 17 per cent on the BSE in Thursday s session on the back of heavy volumes following a report that the government could invite expression of interest (EoI) for divestment in these public sector companies. Over the next few weeks, the department of investment and public asset management (DIPAM) will finalise the process of strategic sale of several public sector undertakings (PSUs) including BEML, India Tourism Development Corporation (ITDC) and Central Electricity Corporation, Moneycontrol reported quoting sources. Among individual stocks, ITDC rallied 17 per cent to its 52-week high of Rs 354 on the BSE. Trading volumes on the counter jumped seven-fold with a combined 2.6 million equity shares changing hands on the NSE and BSE till the time of writing of this report.

Stocks to watch: Mrs Bectors, Airtel, Vedanta, HDFC, Orient Bell, Dish TV

SGX Nifty Futures hinted at a possible gap-up start for the Indian equity indices on Thursday. Here are the top stocks to track in today s session: Mrs Bectors: Mrs Bectors Food shares will debut at the stock bourses today. The IPO with 198 times bid is the most subscribed issue of CY 2020. DTH service providers: The stocks of DTH service providers such as Dish TV, Hathaway Cables, Den Networks will be in focus today after the Union Cabinet approved changes to the guidelines for providing Direct to Home (DTH) services to bring it in line with the existing policy that allows 100 per cent FDI in the DTH broadcasting services sector. It also said that licences will now be issued for 20 years with a renewal provision after every 10 years.

Gainers & Losers: 10 Stocks That Moved The Most On December 24

Gainers & Losers: 10 stocks that moved the most on December 24 Mid and smallcaps underperformed their large peers as the BSE midcap and smallcap indices closed 0.06 percent and 0.59 percent up, respectively. December 24, 2020 / 05:01 PM IST Market benchmarks the Sensex and the Nifty ended in the green for the third consecutive session amid positive global cues. The Sensex closed 529 points, or 1.14 percent, higher at 46,973.54, while the Nifty settled at 13,749.25, with a gain of 148 points or 1.09 percent. Bharti Airtel | CMP: Rs 516.25 | The share price was up over a percent after the telecom major added over 36 lakh users in October. Bharti Airtel continued adding subscribers in October ahead of Reliance Jio for the third straight month, taking its user base to 33.02 crore. The company added more than 36 lakh new users in October, according to the monthly subscription data by the Telecom Regulatory Authority of India (TRAI).

Orient Bell Share Price Surges 14% To Hit New 52-week High After Porinju Veliyath Raises Stake

Orient Bell Share Price Surges 14% To Hit New 52-week High After Porinju Veliyath Raises Stake
moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.

Trade Setup For Thursday: Top 15 Things To Know Before Opening Bell

Trade setup for Thursday: Top 15 things to know before Opening Bell According to pivot charts, if the index moves up, the key resistance levels to watch out for are 13,669.67 and 13,738.23. Sunil Shankar Matkar December 24, 2020 / 12:22 AM IST The market after initial volatility gained strength and remained strong for the rest of the session to close higher for the second consecutive day on December 23, supported by buying in almost all sectors. The BSE Sensex jumped 437.49 points or 0.95 percent to 46,444.18, while the Nifty50 rose 134.80 points or 1.00 percent to 13,601.10 and formed a bullish candle on the daily charts. As expected index managed to hold its Tuesday s bullish momentum and formed a bullish candle on the daily chart. On the hourly chart, it seems the index is in V-shape recovery and if it turns to be true then we may see a current pullback to extend further towards 13,775 which is the previous swing high and on o

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