Five Large Cap names that retail investors should keep an eye on today!
Check out the large cap companies making headlines in the morning trade session.
Among the large cap companies, Infosys, Interglobe Aviation, Power Finance Corporation, Kansai Nerolac Paints, Escorts were among the stocks that were in the news on Monday. Let us see why!
Infosys: Guidewire announced that Infosys, has joined Guidewire PartnerConnect as a consulting alliance member at the select level for the Americas. Guidewire PartnerConnect Consulting partners provide consulting services such as business transformation and strategy, implementation and related solution and delivery services. In the last one month, Infosys has declined 12% with global pressure for IT firms. Today share has gained 1.5% in the afternoon session.
InterGlobe Aviation: On Friday post-market hours, IndiGo co-promoter Rakesh Gangwal resigned with immediate effect from the board of directors of InterGlobe Aviation where he served as a non-executive, non-independent director. Today the shares dived 4.5% in the early trade.
Power Finance Corporation: Life Insurance Corporation of India sold 2.02% of its stake in the company through open market transactions. With this sale, LIC's holding has gone down to 5.06%, from 7.09% earlier. The stock has been volatile for last few sessions and declined over 7% in the last one month. Today it has gained 0.63% in the afternoon deal.
Kansai Nerolac Paints: The company has appointed Anuj Jain for five years, subject to shareholders approval. The changes at the board level came after the retirement of HM Bharuka as the company's vice-chairman and managing director. The stock is under pressure for last few sessions and declined nearly 20% in the last one month. It is trading down by 0.94% for the day.
Escorts: Escorts told in the press release that it realised Rs 1,872.75 crore from Kubota Corp against allotting 9.36 million equity shares Earlier the CCI has approved the acquisition. The transaction involves Kubota's acquisition of certain additional equity shares of Escorts by way of preferential allotment and a mandatory tender offer in compliance with the Securities and Exchange Board of India's norms. The stock has gained around 3% in the last two weeks. Today it is trading flat, up by 0.10%.
Also read: Why outlook for real estate-focused NBFCs remains grim in the near term
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