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NEW DELHI: Despite his vocal support to Tata Group companies, which he believes are primed for growth in the next few years, ace investor Rakesh Jhunjhunwala’s actions during March quarter belie his words.
After selling Titan Company shares worth Rs 344 crore in the March quarter, he has also trimmed his stake in internet infrastructure provider Tata Communications held through his wife.
In the March quarter, Rakesh Jhunjhunwala sold 2.5 lakh Tata Communications shares held in his wife’s name, bringing her stake in the company to 1.04 per cent, latest shareholding data showed. She had held a 1.12 per cent stake in the company at the end of December.
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Nifty futures on the Singapore Exchange traded 40.5 points, or 0.27 per cent, higher at 15,012.50 in signs that Dalal Street was headed for a positve start on Wednesday. Here are a few stocks which may buzz the most in today s trade:
Vedanta: Anil Agarwal-led Vedanta Resources Plc raised the open offer price for buying shares in its flagship Indian firm to Rs 235 per share, nearly 4 per cent higher than the current trading price. In January, Vedanta Resources had offered to buy up to 10 per cent in
Magma Fincorp: The company will pare its shareholding in insurance venture Magma HDI by selling stake to ICICI Venture, Morgan Stanley PE, a Poonawalla Group firm and other entities in a Rs 525 crore-deal.
Stocks in Focus on March 17: Equity Benchmarks on Tuesday, March 16, 2021, ended almost flat even as the cues from other Asian stocks was positive. The BSE Sensex at Bombay Stock Exchange slipped marginally by 31 points, or 0.06 per cent, to close at 50,364 while the NSE Nifty at National Stock Exchange fell marginally by 19 points, or 0.13 per cent, to settle at 14,910. But certain stocks came in the news after the market was closed. These stocks can impact the indices when it reopens on Wednesday, March 17, 2021. List of such five stocks:
Anupam Rasayan IPO + Laxmi Organic Industries IPO + Craftsman Automation IPO + Kalyan Jewellers IPO + Nazara Technologies + Suryoday Small Finance Bank:
Volumes jump at SBI Cards & Payment Services Ltd counter business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
BJP President Jagat Prakash Nadda addressing Alleging that the Mamata Banerjee dispensation has not done anything for the welfare of farmers and Adivasis in West Bengal, BJP president J P Nadda on Tuesday claimed that after practising politics of appeasement for years, the TMC supremo has started reciting Sanskrit slokas to assert her Hindu identity. Slamming the Mamata Banerjee government over alleged slide in the law and order situation, Defence Minister Rajnath Singh said on Tuesday the khela (game) that will be played in West Bengal after the BJP s victory in the assembly election will be that of development and peace. He asserted the BJP will form its government in the state winning more than 200 of the 294 seats.