For a win-win deal, the investors must watch the following stocks that were in the news before the opening of today’s session.
After the coronavirus pandemic has shifted the housing demand towards smaller cities, Ashiana Housing is planning to invest Rs. 345 crores in developing housing units across multiple cities.
Bharat Petroleum Corporation Limited (BPCL)
According to several governmental sources, many local and foreign investors have shown interest in buying Bharat Petroleum Corp’s 52.98 percent stake. At the same time, the government had to extend the deadlines for submission of EoIs four times before setting the final deadline on Monday.
Navneet Munot is the new managing director and chief executive officer of the AMC.
Maruti Suzuki posted that the company has sold over two lakh cars through the online channel.
Reliance Industries Ltd.
Reliance Retail Ventures has acquired online furniture seller Urban Ladder Home Decor Solutions Pvt. Ltd for Rs. 182.12 crores.
General Insurance Corporation of India
General Insurance Corporation of India has posted a consolidated net profit of Rs. 228.40 crores during the second quarter of FY21. While comparing the posted numbers with the second quarter of FY20 the company had posted a net loss of Rs. 652.60 crores.
Ruchi Soya is an edible oil company under Patanjali Ayurved. Swami Ramdev announced that the company is planning to launch a follow-on public offer (FPO) in 2021 in order to bring down promoters’ shareholding in the firm.
Tata Steel’s management is getting ready to split its European operations as it begins talks with Scandinavian steel sheet maker SSAB Sweden to sell its profitable Netherlands division. The said deal is expected to close within six to nine months.
Also, the company has reported a downfall of 59.6 percent YoY during Q2FY21. The company’s overall collection stood at Rs. 1,635.4 crores.