Read more about Dish TV jumps 6% as board approves raising up to Rs 1,000 crore on Business Standard. The company and its promoters settled with Sebi cases of alleged disclosure lapses after paying nearly Rs 45 lakh as settlement charges
Here are the top stocks that are likely to be in focus today:
Bharti Airtel: The company will acquire 20 per cent stake in its DTH arm Bharti Telemedia from an affiliate of Warburg Pincus for about Rs 3,126 crore.
Earnings Today: Ambuja Cements and four other firms are slated to announce their December quarter numbers today.
Telecom equipment makers: Shares of telecom equipment makers such as Dixon Tech, ITI will be in focus after the government announced Rs 12,000-crore PLI scheme for the telecom sector.
Dish TV India: The company s board approved raising funds of up to Rs 1,000 crore on Wednesday. The company and its promoters also settled with Sebi cases of alleged disclosure lapses after paying nearly Rs 45 lakh as settlement charges.
At 9.37 am, the scrip was trading 2.63 per cent lower at Rs 14.43 per cent. The stock had earlier slipped 9.91 per cent to hit a low of Rs 13.35 earlier in the day.
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.