Reliance Industries, Piramal Enterprises, UltraTech Cement: Top stocks for Investors today
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Story: The stock market on Friday closed in red witnessing a sharp decline of 1.5 percent. On the contrary, the indices on Monday, January 25 are expected to open in green as the SGX Nifty indicated a higher opening for the domestic market. The SGX Nifty was trading 129.50 points higher at 14,486.50. On January 22, the BSE Sensex had a negative closing at 48,878.54 witnessing a decline of 746.22 points or 1.50 percent. Similarly, the NSE Nifty plunged 218.45 points or 1.50 percent to close at 14,371.90.
Top stocks to look for the day are:
Reliance Industries: The largest company by market capitalisation of the country led by Mukesh Ambani, has reported a consolidated profit of Rs 14,894 crore in the December Quarter rising by 40.5 percent against Rs 10,602 crore in Q2FY21. The revenue of the company also increased to Rs 1,23,997 crore from Rs 1,16,195 crore on QoQ basis.
DHFL Bidding: Creditors Declare Piramal Group Successful Bidder moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
DHFL CoC declares Piramal as successful bidder
By IANS |
Published on
Fri, Jan 22 2021 22:21 IST |
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63 moons urges NCD, FD holders to oppose DHFL resolution plan at NCLT, seek Rs 30,000 cr (Photo Credit: Twitter). Image Source: IANS News
Mumbai, Jan 22 : Piramal Enterprises on Friday said that the Committee of Creditors (CoC) of Dewan Housing Finance Corporation Ltd (DHFL) have declared Piramal Capital & Housing Finance Ltd (PCHFL) as the successful bidder for DHFL.
In a regulatory filing, Piramal said that the administrator of DHFL has informed the company of the CoC decision through a Letter of Intent (LOI).
The implementation of the resolution plan is subject to the terms of the LOI and requisite approvals from the Reserve Bank of India, the National Company Law Tribunal s Mumbai Bench and other approvals by regulatory bodies, and courts of tribunals.