Stocks in Focus on November 28: BPCL, Granules to Steel Stocks; here are the 5 Newsmakers of the Day
Domestic Indian markets Nifty scaled record closing peaks on Wednesday, November 27, 2019, amid positive trends from global markets. But certain stocks came in news after the market was closed for trading purposes.
Domestic Indian markets Nifty scaled record closing peaks on Wednesday, November 27, 2019, amid positive trends from global markets. But certain stocks came in news after the market was closed for trading purposes. These stocks can have an impact on the indices when it reopens for trading purposes on Thursday, November 28, 2019. Here is a list of five such stocks:
BPCL: Government and bankers are scheduled to meet today to appoint an advisor for the sale of the government's 53.29 per cent stake in Bharat Petroleum Corporation (BPCL). SBI Capital and Deloitte will make presentations post which financial bids. Besides, employees of BPCL will begin a nationwide strike today to protest against the central government's decision to privatise the company.
RBL Bank: The Board of Directors of the Company, RBL Bank, is scheduled on November 30, 2019, to consider and approve raising of funds by way of issue of equity shares of the Bank on a Preferential basis.
Granules: KKR & Co., Blackstone Group and Bain Capital are engaged in early-stage discussions to acquire Granules India.
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BSE/CDSL: BSE to offload 4% stake (about 41.8 lakh shares) in Central Depository Services Limited (CDSL) via Offer For Sale. Floor Price for the sale has been decided at Rs205 apiece (8.2% discount to CMP). BSE to get Rs85.7 crore from the stake sale.
Steel Companies in Focus: Stocks of steel companies will be in focus today because reports suggest that the domestic steel price is likely to increase by over Rs1000 per tonne in December, which is likely to be the first rise in six months. The rise will be supported by improvement in demand from housing and infrastructure sectors and strong revival in international prices.