SENSEX and NIFTY are expected to open on a positive note on Tuesday, August 20. At 07:56 AM, the GIFT Nifty futures were trading 15.50 points, or 0.06% lower at 24,643.50 levels.
This, as per publicly available information, indicates that Nifty will open around 48 points higher.
Here's a list of stocks that may trade actively in today's session.
Bajaj Auto: After Maruti Suzuki India,
Bajaj Auto on Monday said it will need to increase its provision for deferred tax by ₹211 crore due to the withdrawal of indexation benefits and the change in the tax rate on long-term capital gains in debt mutual funds. A one-time impact will be made while computing the profit after tax and reporting the financial results for Q2 of FY25, it added.
Earlier, Maruti said it would need to increase the provision for deferred tax liability by around ₹850 crore due to the withdrawal of indexation benefits while calculating long-term capital gains (LTCG) on debt mutual funds.
HCLTech: The IT major on Monday announced it has elevated Shiv Walia as its Chief Financial Officer, with effect from September 6, 2024. Walia takes the helm from Prateek Aggarwal, who has resigned to pursue opportunities outside
HCLTech.
IndusInd Bank:
IndusInd Bank has received the Reserve Bank of India’s (RBI’s) nod to set up a mutual fund asset management business. It will be a wholly-owned subsidiary, the bank said in its filing with the exchanges on Monday.
Zomato: As per new reports, Alibaba arm Antfin Singapore is likely to sell a 1.54% stake in the company via block deals today. Antfin Singapore is expected to sell Zomato shares at a floor price of ₹251.68 apiece. The entity is aiming to raise around ₹3,400 crore by selling the said stake.
Poly Medicure: According to news reports, Poly Medicure Ltd. launched a qualified institutional placement (QIP) on Monday, August 19, to raise ₹1,000 crore.
Saraswati Saree Depot: Shares of saree wholesaler Saraswati Saree Depot
will list on stock exchanges at 10 am on Tuesday. The ₹160-crore initial share sale was subscribed 107.39 times, receiving bids for 107 crore shares against one crore shares on offer.
The shares are being offered within a price range of ₹1,850 to ₹1,880 each, which represents a discount of approximately 11.6% from the company’s closing price.
Allcargo Logistics: The company, in its monthly business update, said that LCL volume for July 2024 stood at 818’000 cubic metres, similar to its highest ever monthly volume, which was recorded in August 2022. This represents an increase of 6% as compared to the previous month and 5% as compared to July 2023. Volumes have steadily increased on the back of improved global trade and the company's growth initiatives, it added.
Suraj Estate: The company said that its board has approved raising funds to the tune of ₹500 crore through the issue of preferential shares to eligible shareholders and via warrants that are convertible into equity shares.
Hi-Tech Pipes: The company's board of directors has announced plans to raise ₹600 via any of these modes—a private placement, one or more qualified institutional placements, a follow-on public issue, or a rights issue.
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