Ripples Advisory, Stocks in focus on 26 March 2018
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The domestic equity market is likely to see a negative opening on Monday, tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and global cues. Nifty futures on the Singapore Stock Exchange were trading 38.50 points, or 0.38 per cent, lower at 10,033.50, indicating a negative start for the Nifty50 on Dalal Street. Here is a list of top stocks that are likely to be in focus in today's trading session.
Indiabulls Real Estate: The company announced that the company's WOSs, pursuant to their Board authorisations, have executed transaction documents with the entities controlled by the Blackstone Group, to divest their entire holding in certain subsidiaries and thereby indirectly divesting 50 per cent stake in Indiabulls Properties and Indiabulls Real Estate Company at an aggregate enterprise value of $1,461.5 million equivalent to Rs 9,500 crore.
RCom: Russia’s Sistema has emerged as the highest bidder for the remaining assets of Anil Ambani-owned Reliance Communications at a total value of $1.5 billion, said three people familiar with the developments. The assets comprise overseas and enterprise telecom business and data centres.
Cipla: The drugmaker has announced the launch of an authorised generic version of Aloxi in the United States under applicable agreements with Helsinn Healthcare SA, in response to the at-risk launch by Teva.
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