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Nifty futures on the Singapore Exchange traded 40.5 points, or 0.29 per cent, higher at 13,784.50, in signs that Dalal Street was headed for a tepid start on Friday. Here are a few stocks which may buzz the most in today s trade:
Info Edge:
Info Edge Ventures said Temasek has committed Rs 375 crore (about $50 million) to the fund. Info Edge Ventures is a Rs 750 crore early-stage venture capital fund backed by Info Edge, parent company of Naukri. The fund was launched in January this year.
BPCL: Privatisation-bound Bharat Petroleum Corporation Ltd (BPCL) said its board has approved buying out Oman Oil Company s stake in the Bina refinery project in Madhya Pradesh on mutually agreeable terms.
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NEW DELHI: Shares of BEML jumped 5 per cent in Friday s trade after Porinju Velliyath’s Equity Intelligence India bought 2,65,000 shares in the company at Rs 847.63 per share.
The company CMD DK Hota in an interview to ET NOW said that the defence segment s order contribution has increased to 38 per cent of BEML s total order book - and the company s defence order book is raised to Rs 4,400 crore.
The stock rose 4.7 per cent to Rs 922.30. The scrip climbed 10.15 per cent on Thursday and 3.24 per cent on Wednesday, taking its three day gains to 19.2 per cent.
Hota said that while Atmanirbhar Bharat push is taking time in the short-run, it will be good for the country in the long run.
Market Movers: Burger King hits lower circuit for second straight day; midcaps, smallcaps underperform
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Synopsis
The benchmark equity indices extended their gains for the sixth straight session following gains in Infosys, ICICI Bank, Reliance Industries and Tata Consultancy Services.
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Shares of BEML climbed over 3 per cent after Porinju Velliyath’s Equity Intelligence India on Thursday bought 2,65,000 shares in the company at Rs 847.63 per share.
Shares of Reliance Industries (RIL) got traction in the fag-end of the trade on Friday, amid reports that the company and BP have started production from R Cluster, the ultra-deep-water gas field in block KG D6 off the east coast of India. On the other hand, the recently listed Burger King continued to hit the lower circuit for the second straight session. The scrip plunged around 10 per cent to Rs 161.45.