Top 5 stocks in focus on October 9: NLC India, Bharat Gears to Reliance Industries, here are the 5 newsmakers of the day
The markets continued to oscillate on October 8, 2018, as Nifty witnessed wild swings in either direction and closed in green at the end of the day. Nifty rebounded swiftly after touching the intraday low of 10,200 and closed at 10,348.05 and S&P BSE Sensex ended at 34,474.38.
The markets continued to oscillate on October 8, 2018, as Nifty witnessed wild swings in either direction and closed in green at the end of the day. Nifty rebounded swiftly after touching the intraday low of 10,200 and closed at 10,348.05 and S&P BSE Sensex ended at 34,474.38. But there were certain stocks, like Uniply, HFCs and Reliance Industries that came in the news after the market was closed for trade and can have its impact on the market on October 9, 2018. Here is the list of five of such stocks:
NLC India Limited: Board of Directors of the Company is scheduled to be held on today, inter alia, to consider the matters relating to buying back of fully paid up equity shares of the Company. Besides, Coal India has inked a pact with NLC India Limited to set up a joint venture for power generation from both conventional (thermal power projects of 2,000 MW capacity) and renewable (solar power generation of 3,000 MW) sources.
Bharat Gears Ltd.: Board of Directors of the company is scheduled to meet today to consider the Rights Issue of Equity Shares to the existing Shareholders of the Company.
Uniply Industries Ltd.: Board of Directors of the company will meet today to consider the conversion of Share Warrants which were allotted on 25.04.2018, into Equity Shares of the Company.
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Housing Finance Companies (HFCs): HFCs will be in focus today because the National Housing Bank (NHB) has increased the refinancing limit to Rs 30,000 crore from the existing limit of Rs 24,000 crore in order to address the liquidity crisis in the housing finance industry. This would increase the availability of funds for housing finance companies.
Reliance Industries Ltd. (RIL): The company has raised prices of at least seven key petrochemicals in the last quarter to offset higher crude oil prices and counter the effect of a weakening rupee. It has raised the prices by 10-21 per cent in the second quarter of this fiscal.