By keeping a close watch on every movement of stocks, your investment can definitely be protected. Here we are telling such stocks which will be in the news today and on which the market will be eyeing.
Reliance Industries has made a big investment in the German company Nexwafe, making a strategic deal for the Indian market. NexWafe is a company that manufactures high efficiency monocrystalline silicon wafers. These silicon wafers are very important for the production of semiconductors.
Reliance Industries (RIL) has said on October 12 that one of its units, Reliance New Energy Solar Limited (RNESL), has invested 25 million euros to buy new shares in Germany’s NexWafe GmbH. This investment is a part of the strategic agreement for the Indian market.
Agreement between RIL and STIESDAL
RELIANCE INDUSTREIS has done 4th deal in CLEAN ENERGY in 4 days. Has tied up with STIESDAL of Denmark. An agreement has been reached for the production of HYDROGEN ELECTROLYZER in India.
Big investment in RIL’s energy unit RNESL
RIL’s energy unit RNESL has made a big announcement. RNESL has acquired REC Solar Holding. REC has a total enterprise value of $771 mn. REC Solar Holdings has a total of 3 units. The Norwegian company is REC Solar Holding. The company is a leader in green energy innovation.
TATA MOTORS IN FOCUS
TPG Rise will invest in Tata Motors’ EV business. TPG will invest Rs 7500 crore in TML EVCo. TPG will buy 11-15% stake at a valuation of $910 million. The investment will take place in several phases over the course of 18 months. TPG Rise Climate and TML EVCo will enter into a Shareholders Agreement. Tata Motors has a 70% share in the country’s electric car market.
Know what is the report of leading brokerage houses on ADANI PORTS and CONCOR
Airlines in Focus
The government will lift all restrictions from October 18. Domestic airlines will be able to fly with 100% capacity. The restrictions were imposed from May 2020. At present, companies were filling flights with 85% capacity.
Power GRID in news
The board has given approval for an EV charging station. A charging station will be set up in Navi Mumbai at a cost of Rs 14.2 crore.
HCG in focus
Business in Q2 entered the pre-Covid phase. Record revenue has been generated in the oncology business. Growth is also being seen in the revenue of other segments. The company will get Rs 130 crore from warrant conversion before FY22.
PVR/INOX in focus
Maharashtra government has issued rules for opening of cinemas. Cinema halls will open from October 22 with 50% capacity.
Tata Motors invests Rs 7,500 crore in EV, know stock’s view from brokerages
IGL hikes prices
For the second time in 2 weeks, the prices of CNG, PNG have increased. CNG is Rs 2.28 per kg, PNG is 2.10/scm expensive. The price is increased by 10% in 2 weeks.
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