Here is the list of the top 10 stocks that are likely to be in focus on Tuesday:
Kotak Mahindra: Private lender Kotak Mahindra Bank today said that Life Insurance Corporation (LIC) has received approval from the Reserve Bank of India (RBI) to increase its stake in the Bank up to 9.99%. While announcing reformed rules on the structure of private sector banks, the RBI had on Friday said that non-promoter share holdings would continue to be capped at 10% for individuals and non-financial institutions.
Go Fashion: Go Fashion IPO is going to list today at both NSE and BSE. According to stock market experts, the public issue worth ₹1,013.61 crore may have a magnificent listing today. They said that Go Fashion share price may open in four digits at somewhere around ₹1100 per share levels.
Asian Paints: The company on Monday said it will invest ₹960 crore to expand the manufacturing capacity of its facility situated at Ankleshwar in Gujarat. The company has signed a memorandum of understanding with the Government of Gujarat commencing the proposed expansion of manufacturing capacity of paint from 1.3 lakh KL to 2.5 lakh KL and resins and emulsions from 32,000 MT to 85,000 MT, Asian Paints said in a regulatory filing. The expansion is to be completed in the next 2-3 years at a total investment of ₹960 crore approximately on plant and machinery at the current prevailing prices, it added.
Dr Reddy’s: India’s Dr. Reddy’s Laboratories is in talks with partners to export domestically made doses of Russia’s COVID-19 vaccine, Sputnik, after New Delhi recently approved shipments of other shots, the firm said on Monday. As the main Indian distributor of Sputnik, sold only on the private market, Dr. Reddy’s has struggled to compete with vaccines that the government distributes free.
Reliance: Indians can now use WhatsApp to order groceries from billionaire Mukesh Ambani’s JioMart via a new “tap and chat” option, as his Reliance Industries Ltd. challenges the domination of Amazon.com Inc. and Walmart Inc.-owned Flipkart. Delivery is free and there’s no minimum order value, according to JioMart users who got WhatsApp shopping invites with a 90-second tutorial and catalog. Among the daily essentials on offer are fruits, vegetables, cereal, toothpaste and cooking staples like paneer cottage cheese and chickpea flour. Customers can fill their shopping baskets within the app and pay either via JioMart or in cash when receiving their order.
IndusInd Bank: Top executives of Bharat Financial Inclusion Ltd (BFIL), a fully owned subsidiary of IndusInd Bank, have resigned from the company last week, the bank said on Monday. The bank said it has appointed an executive director and another person to oversee day-to-day operations of the company. BFIL’s managing director and chief executive Shalabh Saxena, and its executive director and chief financial…