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Adani Ports, HDFC, Welspun India

Stocks To Watch: Adani Ports, HDFC, Welspun India

The federal government will promote 6 per cent further stake in IRCON Worldwide on March 4

The home inventory markets are prone to open within the crimson on the again of weak world cues. The US markets ended decrease in a single day and traits on SGX Nifty point out a gap-down opening for the index in India, with a 218-points loss. At 7:30 am, the Nifty futures had been buying and selling at 15,076, decrease by 218 factors or 1.7 per cent, on the Singapore Inventory Alternate.

On Thursday, the S&P BSE Sensex closed above 51,000 mark, rising 1,147.76 factors, or 2.28 per cent, to 51,444.65 and the Nifty rallied 326.50 factors, or 2.19 per cent, to fifteen,245.60.

Shares to look at in commerce in right this moment’s session (March 4, 2021):

Adani Ports and SEZ

India’s largest personal port operator Adani Ports and Particular Financial Zones (APSEZ) has introduced that it’s buying the 31.5 per cent in Gangavaram Port Ltd (GPL), close to Visakhapatnam, presently held by personal fairness investor Warburg Pincus. The acquisition is valued at Rs 1,954 crore and is topic to regulatory approvals.

HDFC

Mortgage lender HDFC stated it’ll increase as much as Rs 5,000 crore by issuing non convertible debentures (NCDs) on a personal placement foundation. The difficulty will open on March 5, 2021 and shut the identical day, HDFC stated in a regulatory submitting.

IRCON Worldwide

The federal government will promote 6 per cent further stake in IRCON Worldwide on March 4 by way of a suggestion on the market.

Welspun India

Welspun India’s board of administrators has accepted elevating of borrowing of upto a most of $100 million (roughly Rs 750 crore) by way of a number of modes, together with ESG bonds and non-convertible debentures (NCDs)

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