These stocks are likely to be in focus on Thursday!
On Wednesday, the benchmark indices have ended in red for the second consecutive session.
Sensex settled 254.33 points or 0.43 % down at 59,413.27 level, and the Nifty contracted 37.30 points or 0.21% settling at 17,711.30 level. While the auto, bank, capital goods and FMCG stocks experienced selling pressure, power, metal, pharma and realty indices ended in green adding 1-3.5%
Following stocks are likely to be in focus on Thursday.
Piramal Enterprises - The company announced that it has acquired Dewan Housing Finance Corporation (DHFL) by paying the latter's creditors Rs 38,000 crore. The amount can be split as Rs 34,250 crore to be paid by Piramal Capital and Housing Finance (PCHFL) in cash and non-convertible debentures, and Rs 3,800 crore from the cash balance of DHFL.
Blue Star - The company informed that it would invest around Rs 550 crore over the next few years for setting up a greenfield manufacturing unit at Sri City, in Andhra Pradesh. The construction of the new plant has been commenced by Blue Star Climatech, a newly formed wholly-owned subsidiary of Blue Star. The plant will be highly automated which aims to produce globally competitive products.
52-week high stocks -The stocks of NTPC, ONGC, Power Grid Corporation of India, Sun Pharmaceutical Industries and Titan Company have made fresh 52-week highs in Wednesday's trading session.
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