Future Retail, Zomato, Infosys, HCL, more could yield gains

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Indian stock fell sharply in Friday’s session after showing consolidation movement with low bias over the past three sessions.

NSE Nifty finished down 263 points at 16,985 while BSE Sensex closed 889 points lower at 57,011 levels. According to stock market experts, the current market trend indicates a sharp downward reversal. We can therefore expect further weakness in the near term.

Here is the list of stocks investors should watch for today’s trading session, according to reports in The Economic Times and Moneycontrol.

Properties of Shriram: The real estate actor will debut on Dalal Street on Monday as the company sold its shares in the Rs 113-118 range between December 8-10 to raise Rs 600 crore via the main road.

Rategain Travel Technologies: Goldman Sachs India Equity Portfolio acquired 719,727 shares of the company at Rs 361.71 per share.

IIndia Infrastructure Trust: Rapid Holdings 2 Pte Limited sold 1.72 crore of company shares at Rs 101 per share, however, IIFL Wealth Prime Limited bought 1.48 crore of company shares at Rs 101 per share on BSE .

Future retail: India’s Competition Commission has suspended Amazon’s deal with Future Group after examining complaints that the US e-commerce giant withheld information while seeking regulatory approval.

Kotak Mahindra Bank: The subsidiary Kotak Securities has entered into a definitive agreement to acquire a 7.50% stake in Entroq Technologies.

HCL Technologies: The IT company said it has partnered with MetaMedia, a cloud-based distribution platform for theaters, drive-ins and other out-of-home venues, to help accelerate the company’s global expansion.

Zomato: The company has completed the acquisition of 7.89% of Bigfoot Retail Solutions.

Infosys: CSC e-Governance Services India and IT giant Infosys have collaborated to impart digital skills to six million students aged 10 to 22, mostly in rural areas of the country.

Indiabulls Real Estate: The company will consider on December 22 to raise funds by issuing shares and / or any other convertible or exchangeable security.

HDFC Bank: The private sector lender said the bank’s micro, small and medium-sized business loan portfolio for Tamil Nadu exceeded Rs 20,000 crore as of September 30, 2021.

CTI: Diverse company FMCG said it has purchased an 8.70% stake in Mother Sparsh Baby Care, a D2C Ayurvedic and natural personal care brand.

Brookfield India Real Estate Trust: The REIT has approved the acquisition of Seaview Developers, which owns Candor Techspace N2, a special economic zone located in Noida.

Cipla: The pharmaceutical company said it has received approval from the US health regulator to market the injection of Lanreotide, used for the treatment of acromegaly and gastroenteropancreatic neuroendocrine tumors, in the US market.


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