Top stocks in focus: Nestle, Bharti Infratel, Interglobe Aviation, NBCC, IOC, Adani Enterprises

Check out the stocks that will be in focus during trade today based on recent and latest news developments.

Jul 28, 2020 07:07 IST India Infoline News Service

Stocks In Focus
Mindspace Business Parks REIT IPO subscribed 38% on day 1.

NBCC India received orders worth Rs204cr.

Mahindra & Mahindra Financial Services Rights issue of Rs3,088.8cr will open on July 28, with a price at Rs50 per share.

SBI's stake in Yes Bank falls from 48.21% to 30%, post follow-on-public offer.

Indian Oil Corporation and Total (France), announced the formation of a 50:50 joint venture company that will manufacture and market high-
quality bitumen derivatives and specialty products for the growing road-building industry in India.

InterGlobe Aviation has announced another round of steeper pay cuts starting September.

Adani Enterprises has signed a non-binding memorandum of understanding with the Government of Tamil Nadu for exploring possibilities of
setting up hyperscale data center facility.

Hughes Network Systems, led by the U.K. Government and Bharti Enterprises, will acquire OneWeb out of bankruptcy.

MT Educare promoter Mahesh Shetty to sell 17.83 lakh shares (2.47% equity) at a floor price of Rs13 per share, aggregating to Rs3.2cr.

Bharti Infratel Board has accepted the resignation of D S Rawat as Managing Director & CEO with effect from August 3.

HDFC to consider raising funds on July 30.

KPI Global Infra has commissioned an additional 615 KW solar power project under captive power producer category with two industrial
customers.

Birlasoft has joined the Bond-Pro Partner Ecosystem, providing its insurance sector clients digital services.

Oil India stated on the blowout of a gas well in Tinsukia stating that there was production loss of 254 MT of Crude Oil and 1.02 MMSCM of
Natural Gas as reported.

Post buyback offer, SBI Mutual Funds has increased its stake in Eclerx Services from 4.72% to 4.99%.

United Spirits to subscribe 19.5 lakh compulsory convertible preference share in Hip Bar for Rs1.95cr.

Results today: UltraTech Cement, Nestle India, IDBI Bank, IDFC First Bank, RBL Bank, Castrol India, Hexaware Technologies, 3i Infotech, Adhunik Metaliks, Greenlam Industries, HT Media, Max Ventures, Mirza International, NIIT Technologies, Quess Corp, Sanofi India, Sunteck Realty, Tata Coffee, Welspun Corp.

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