Here are the top 10 stocks which could be in focus in today's trade:
Adani Total Gas and Adani Transmission: Index provider MSCI said it will defer the implementation of update of foreign inclusion factors for two Adani group companies -- Adani Total Gas and Adani Transmission -- to the May index review. Reversing updates to Adani Total Gas and Transmission in the February index review will be reflected in MSCI index product files from today (February 16), it said. MSCI will also apply a special treatment to all Adani Group affiliated securities in the MSCI Equity Index starting February 2023.
InterGlobe Aviation: Shobha Gangwal, wife of IndiGo co-founder Rakesh Gangwal, is set to sell 4% stake in India's largest airline, worth $353 million. This is the second instance of a stake sale by the Gangwal family in InterGlobe Aviation Ltd, which operates IndiGo, after it sold a 2.8% stake in the airline for around $250 million in September. Stock exchange data shows that the Gangwal family held 33.78% stake in the airline as of December 31.
Vodafone Idea: Vodafone Idea is in advanced discussions with telecom equipment manufacturers for its 5G rollout strategy and will adhere to minimum 5G rollout obligations, Chief Executive Officer Akshay Mundra said on Wednesday, indicating that the No. I will start my services. , “We have 5G clusters in Delhi and Pune where we have partnered with various OEMs to test compatibility of available 5G handsets. In addition, we are in advanced stages of discussions with various network vendors to finalize the rollout strategy."
Adani Ports: Adani Ports and Special Economic Zone Ltd will stop lending money to non-group companies after lending at least ₹12,687 crore last year, according to a Mint analysis. Instead, the Gautam Adani-controlled company will use the surplus funds to reduce its debt pile of ₹44,000 crore. The management of Adani Ports disclosed the information in response to queries from analysts at Pimco, Deutsche Bank and JP Morgan Asset Management about the nature of loans given to non-related parties or those owned by the group promoter.
Vedanta: Anil Agarwal-backed mining company Vedanta on Wednesday emerged as the preferred bidder for the Sijimali bauxite block in Odisha. The block is seen as a strategic fit for Vedanta due to its size, location and bauxite quality. According to a regulatory filing, Vedanta has been declared the preferred bidder for the Sijimali bauxite block located in the Rayagada and Kalahandi districts of Odisha. The Mumbai-headquartered company won the block under the mineral block auction organized by the Odisha government.
NTPC: State-owned utility major NTPC Ltd has issued a request for proposal (RFP) to raise up to $750 million or approximately ₹6,212 crore through External Commercial Borrowings (ECB) to finance its power projects including renewable energy. has invited. The amount raised will be used for capital expenditure for ongoing or new capacity addition including renewable energy projects, coal mining and hydro projects. The proceeds will also be used to refinance existing ECB or rupee loans availed domestically.
Bharat Electronics: Navratna Defense PSU Bharat Electronics Limited (BEL) has signed an MoU with Israel Aerospace Industries (IAI) for domestic manufacture and supply of Long Range Artillery Weapon System (LORA) for the Indian Tri-Services . The state-of-the-art tactical weapon system will be manufactured by BEL on a workshare arrangement basis with IAI as the prime contractor. The MoU signed at the ongoing Aero India 2023 here is a result of the growing partnership between India and Israel in the field of high technology strategic defense systems, and is in line with the Government of India's 'Make in India' initiative for the flagship. weapon system, a statement from BEL said.
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