Shares of Amtek Auto crashed further 31.69 per cent and 37.47 per cent to Rs 60.90 and Rs 55.65 on NSE and BSE, respectively in early trade.
The BSE Sensex and NSE Nifty opened on a flat note on Thursday following weak global cues, and selling pressure in auto and IT stocks. At 9.37 am, Sensex was up 7.35 points at 27,938.99, while Nifty was down 2.75 points at 8,492.40 during the same time.
Below are the stocks that are likely to be in focus today
Sun Pharma: The stocks of the drug major will be in focus after the company on Wednesday said it has received approval from the US health regulator for its new drug application for acne treatment medicine–XiminoTM extended-release capsules.
Aditya Birla Nuvo, Reliance Industries, Bharti Airtel, Tech Mahindra: The stocks of these companies will be in focus as they are part of 11 companies that have got Reserve Bank ‘in-principle’ approval to set up payments banks and proposed such licences ‘on tap’ in future.
Adani Group: The company is in talks with Japan’s Softbank and Foxconn, maker of Apple’s iPhone, to secure investment in a $3 billion project to make solar cells and panels in the country
Amtek Auto: The stocks of the auto ancillary company will be in focus as NSE on August 18 has announced that it has decided to exclude the stock from its equity derivatives segment. The stocks will also be in focus over reports of liquidity issues at the company. Shares of Amtek Auto crashed 31.69 per cent and 37.47 per cent to Rs 60.90 and Rs 55.65 on NSE and BSE, respectively in early trade.
JSW Steel: JSW Steel stocks will be in focus as its Chairman and Managing Director Sajjan Jindal said that the company may invest about Rs 5,000 crore on various capital expenditure projects in this fiscal ending March 2016. Besides, the company is closing down non operational subsidiaries in the UK and Kenya.
Andhra Bank: Andhra Bank plans to raise Rs 3,000 crore through various instruments including Qualified Institutional Placements as part of meeting its capital requirement, its Managing Director and CEO Satish Kumar Kalra said on Wednesday.