Stocks in focus today: Adani Enterprises, DLF, Biocon and more

The BSE Sensex and NSE opened in positive terrain on Tuesday after falling around 6 per cent on Monday. The BSE Sensex and NSE Nifty opened 174.70 points and 86.4 points higher at 25,916.26 and 7,895.40, respectively.

At 9.36 am, Sensex was up 253.04 points at 25,994.60. Similarly, Nifty was up 55.80 at 7,864.80

Adani Enterprises: The stocks of the company will be in focus as the flagship firm of Adani Group on Monday said that it has inked a pact with the Chhattisgarh government to invest over Rs 25,000 crore for setting up urea and power project as well as rice bran oil extraction plant in the state.

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DLF: The stocks of the realty major will be in focus as the company raised Rs 375 crore through non-convertible debentures (NCDs) as a part of its strategy to boost internal cash flows. Earlier this month, the firm had raised Rs 1,000 crore through non-convertible debentures, the company’s first capital market issuance since SAT relief.

Jet Airways: The private carrier lowered its base fares for both business and economy class for travel on select international routes via its overseas hub Abu Dhabi for a limited period.

Bhusan Steel: The stocks of the company will be in focus as it said on Monday that it is in talks with Monnet Ispat and Energy to acquire the company’s stake in Orissa Sponge Iron and Steel.

Allahabad Bank and Corporation Bank: State-run Corporation Bank on Monday said its board has approved capital infusion of Rs 857 crore by the government. Another public lender Allahabad Bank announced that its board will meet on August 28 to consider raising of equity capital of bank through issue of equity shares on preferential basis to the government.

Vedanta: The stocks of the mining conglomerate will be in focus as the company on Monday said that it has raised Rs 2,000 crore from country’s largest lender State Bank of India through issuance of Non-Convertible Debentures (NCDs).

Tech Mahindra: Tech Mahindra announced on Monday that their in-house developed platform TAP (Tech Mahindra Analytics Platform) for Big Data solutions has been certified by Hortonworks, a technology leader and ecosystem builder for the Apache Hadoop industry.