Top 5 stocks in focus on October 29: IBHFL, Cochin Shipyard to NTPC, here are the 5 newsmakers of the day
Certain stocks that came in news post market hours and can have an impact on the market when it reopens for trade on October 29, 2018.
After recovering in the first half of the day, Indian markets headed southwards in the second half to close the day in Red on October 26, 2018. But there were certain stocks that came in news post market hours and can have an impact on the market when it reopens for trade on October 29, 2018.
Here is the list of five such stocks:
Reliance Industries: Billionaire Mukesh Ambani has won oil regulator PNGRB's approval for selling his loss-making east-west natural gas pipeline to Brookfield, a Canadian investor.
India Cements: The company on October 28 said that it has agreed to acquire Springway Mining to set up a cement plant in Madhya Pradesh. The transaction would involve a total consideration of Rs 183 crore.
Dishman Carbogen Amcis Ltd: The company has said that the US FDA inspection of Company's Bavla facility has been successfully completed on October 26, 2018. The inspection was concluded without any major or critical observations.
Hindustan Aeronautics Limited (HAL): Defence Acquisition Council (DAC) on October 26, 2018, accorded approval for the Mid Life Upgrade of 17 Dornier Aircraft of Indian Coast Guard (ICG) at an approximate cost of Rs 950 crore. The upgrades will be carried out by Hindustan Aeronautics Limited (HAL), the aircraft manufacturer of India, the defence ministry said.
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Setco Automotive: The company has sold 10.26 lakh shares or 0.8 per cent equity of the company. These shares were acquired by Srinidhi Infin Limited at Rs 34.52 each.