Key benchmark indices carried forward the momentum as Sensex, Nifty hit fresh life time in the week ended 3 Nov 2017, as World Bank report, elevated India by a whopping 30 notches at 100 in the World Bank’s Ease of Doing Business rankings and its momentum continued almost every day of the week. Indices gained in 3 out of 5 sessions of the week.
Monday Stock Watch:
Stocks of Bharat Road Network Limited is likely to be limelight on Monday that the company informed the Exchange that it has involved into an agreement to Acquire the equity shares in Guruvayoor Infrastructure Pvt Ltd (GIPL), an associate of the company.
Torrent Pharmaceuticals has acquired the branded formulation business of India and Nepal of Unichem Lab., whereby their stock is likely to be in focus on Monday.
AU Small Finance Bank Ltd informed the Exchanges that the RBI has granted its approval to SBI MF to acquire shareholding of up to 10% in AU Small Finance Bank. The stock is expected to rise on Monday.
GE T&D India Ltd announced its Q2FY18 results on Friday and posted a an increase in profit after tax from Rs. 205 crore in Q2FY17 to Rs. 475 crore in Q2FY18. The stock will be on spotlight on Monday.
Motilal Oswal Fin Services Ltd announced its Q2 results for this fiscal and its stock will be in attention on Nov 6, 2017.