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    Stocks in the news: RIL, Pfizer, Axis Bank, IndusInd Bank and Tata Chemicals

    Synopsis

    BofA Securities Europe SA bought 20,70,000 shares of IndusInd Bank from UBS Principal Capital Asia at Rs 891.40 per share.

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    Tata Chemicals promoter Tata Sons yet again hiked its stake in Tata Chemicals, as it bought 25,71,651 shares at Rs 471.88 per share.
    Nifty futures on the Singapore Exchange traded 23.5 points, or 0.18 per cent, lower at 13,303.50, in signs that Dalal Street was headed for a tepid start on Monday. Here are a few stocks which may buzz the most in today's trade:

    Reliance Industries: Subsidiary Reliance Digital Platform & Project Services may have to spend up to Rs 4,975 crore to take over tower firm Reliance Infratel, as per the order of the bankruptcy court that cleared Infratel’s resolution plan on Thursday.

    Pfizer: The dig maker has become the first pharmaceutical firm to seek from the Drugs Controller General of India (DCGI) an emergency use authorisation for its COVID-19 vaccine in the country after its parent company secured such clearance in the UK and Bahrain.

    Axis Bank: Max Life Insurance CEO and managing director Prashant Tripathy has said that approval from the insurance regulator on Axis Bank proposal to raise its stake in the insurer to about 19 per cent should come through within next three months.

    IndusInd Bank: BofA Securities Europe SA bought 20,70,000 shares of IndusInd Bank from UBS Principal Capital Asia at Rs 891.40 per share.

    Hero MotoCorp: The country's largest two-wheeler maker Hero MotoCorp expects the tie-up with Harley-Davidson to help accelerate its presence in the premium bike segment where it aims to establish a complete portfolio cutting across segments and engine capacities

    Tata Chemicals: Promoter Tata Sons yet again hiked its stake in Tata Chemicals, as it bought 25,71,651 shares at Rs 471.88 per share. Earlier this month, it bought 18,07,245 shares of Tata Chemicals, and it already held 29.39 per cent stake in the company at the end of September.

    Tata Power: Tata Power on Friday said that it has received a letter of intent (LOI) for Odisha's WESCO and SOUTHCO power distribution utilities (discoms).

    SAIL: State-owned Steel Authority of India has registered a 7 per cent growth in crude steel production during November 2020 at 1.417 million tonne as against a production of 1.328 million tonnes during the same month last year.

    ONGC: ONGC Videsh Ltd, the overseas investment arm of state-owned Oil and Natural Gas Corporation (ONGC), has made a "significant" oil discovery in an onshore block in Colombia.

    Tata Consumer Products: Tata Consumer Products Ltd (TCPL) on Saturday said its Australia based step-down subsidiary is selling MAP Coffee Business to Buccheri Group for 1.25 million Australian dollar (Rs 6.74 crore).

    ADF Foods: Authum Investment & Infrastructure and Dangi Alpana Sanjay sold 2,00,000 shares each of ADF Foods to Infinity Holdings at Rs 501.20 per share.

    Apollo Pipes: Rajasthan Global Securities bought 1,13,588 shares of Apollo Pipes at Rs 680 per share.







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    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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