Stocks in the news: Nazara, Dr Reddy’s, Vi, Adani Transmission & Manappuram Finance

Stocks in the news: Nazara, Dr Reddy's, Vi, Adani Transmission & Manappuram Finance

Nifty futures on the Singapore Exchange traded 7 points, or 0.05 per cent, higher at 14,757.50, in a sign that Dalal Street was headed for a flat on Tuesday. Here are a few stocks which may buzz the most in today’s trade:

Nazara Technologies: The stock would make a market debut on Tuesday. Nazara, in which ace investor Rakesh Jhunjhunwala holds a 10.82 per cent stake, would be the first gaming company to list in India. The Big Bull did not participate in the Rs 583 crore IPO that ran from March 17 to March 19.

Dr Reddy’s: The pharma major expects the Russian coronavirus vaccine Sputnik V to get approval from the Indian regulator in the next few weeks, a company official has said.

Adani Transmission: The company is in a pact with Essel InfraProjects (EIL) to acquire the Warora-Kurnool Transmission (WKTL) in a deal that pegs the enterprise value at Rs 3,370 crore, the company, led by billionaire Gautam Adani, said on Saturday.

Vodafone Idea, Airtel: The telecom department has received about Rs 5,000 crore from Reliance Jio, Bharti Airtel and Vodafone Idea in license fee and spectrum usage charges for the January-March quarter.

Manappuram Finance: The second largest gold loan company in the country is toying with the idea of hiving off and taking its microfinance arm Asirwad Microfinance public within a year, a top company official said.

DHFL: Piramal Capital, which is set to acquire Dewan Housing Finance Corp (DHFL), will likely put on sale the latter’s property developer loan portfolio of about Rs 53,165 crore as it moves toward becoming a retail mortgage lender.

Coal India: The world’s largest miner, Coal India, is likely to post marginal contraction of its output for the year 2020-21 by 5-6 million tonnes in 2020-21 as its production will be below the 600 million mark, sources said on Sunday. In 2019-20, the miner produced 602 million tonnes, down from 606.9 million in 2018-19 when it registered its highest production.

Toyota Kirloskar Motor (TKM): The company said it will hike prices of its models with effect from next month. The company will realign the prices of its models, with effect from April 1, 2021, Toyota Kirloskar Motor (TKM) said in a statement.

Adani, Torrent
Power: Adani and Torrent Group have submitted expressions of interest (EoIs) to buy South East UP Power Transmission Company after its owner, Isolux Corsan, filed for bankruptcy in Spain and informed Indian lenders of its inability to continue to finance the local affiliate, according to sources.

Tata Power: The company’s retail consumers in Mumbai as well as industrial and commercial establishments in the state will soon be able to switch to 100 per cent renewable energy – if they so choose – by paying an additional 66 paise per unit.

HCL Tech: HCL Technologies has announced a new innovation center in Ontario, Canada which will be focussed on digital acceleration. It also said that it plans to create 2,000 new jobs in Canada in the next three years, and engage Canada’s local talent to serve global clients.

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