These stocks are likely to be in focus on August 2
At market close on Monday, the core equity indices continued the winning streak from the last week, and gained almost a per cent on the bourses.
India's PMI (Purchasing Manager’s Index) jumped to 56.4 in July from 53,9 in June. It is the quickest jump in the past 8 months thus indicating strong demand and pick-up in sales.
The Sensex ended at 58,115.50, up by 545.25 points or 0.95% and the Nifty 50 closed at 17,340.05, up by 181.80 points or 1.06%.
The top trending stocks on the BSE were Adani Enterprises, Adani Transmissions, HDFC, Coal India, Maruti Suzuki, SBI Life Insurance Company, Page Industries, and ITC.
These stocks are likely to be in focus for Tuesday's trading session:
Yes Bank Limited: Yes Bank’s board gave the go-ahead to raise Rs 8,898 crore in cash from funds connected to private equity investors Carlyle and Advent International. According to a regulatory filing by Yes Bank, both funds may buy a 10% interest each in the bank. It was informed that the money would be raised using a mix of Rs 5,100 crore in equity shares and Rs 3,800 crore in equity share warrants. The shares of the company ended higher by 1.67% on the BSE today.
Torrent Power Limited: Torrent Power said it had paid Inox Green Energy Services Rs 32.51 crore for a 100% share in Wind Two Renergy Private Ltd (WTRPL). At a face value of Rs 10, the company has purchased 3,25,10,000 equity shares from WTRPL. The shares of the company ended 0.0.75% higher, on the BSE.
DLF Limited: In the April through June period, DLF was able to reduce its net debt considerably. At the end of June this year, the Delhi-based realtor has decreased its net debt to Rs 2,259 crore, a reduction of another Rs 421 crore since the end of the previous quarter in March. The shares of the company ended 0.48% lower at Rs 384.15 on the BSE.
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