Stocks in Focus on Monday; RIL, Adani, PNB, and More

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Stocks in Focus on Monday; RIL, Adani, PNB, and More
Credit: © Reuters.

By Malvika Gurung

Investing.com -- Policybazaar, Sigachi Industries and SJS Enterprises will release their IPOs today.

Reliance Industries (NS: RELI ): After selling over 10 million units of the JioPhone, Reliance Jio will release its new 4G smartphone, JioPhone Next, developed jointly by RIL and Google (NASDAQ: GOOGL ), in stores on Diwali, with EMI options available for 18-24 months, with a down payment of Rs 1,999.

Adani Enterprises (NS: ADEL ): The Indian conglomerate has acquired a significant stake in an Online travel agency, Cleartrip, which will deepen strategic relations between Adani (NS: APSE ) and Flipkart, which owns Cleartrip.

Punjab National Bank (NS: PNBK ): India’s second-largest bank’s securities have been put under the F&O ban for November 1, as it has exceeded 95% of the market-wide position limit.

Tata Steel (NS: TISC ): Tata Power Co. Ltd (NS: TTPW ) and Tata Steel have come together to develop a grid-connected 41 MW solar project in Jharkhand and Odisha, by signing a PPA for 25 years, with Tata Power to develop PVs for Tata Steel at Jamshedpur and Kalinganagar.

Union Bank of India (NS: UNBK ): The American credit rating agency Fitch Ratings has assigned the Indian government-owned bank with a Long-Term Issuer Default Rating (IDR) of 'BBB-’, and a Viability Rating (VR) of 'b'.

Jindal Saw (NS: JIND ): The company has agreed to enter into a Joint Venture Agreement with Hunting Energy Solution Pte Ltd.

Companies including IRCTC (NS: INIR ), Tata Motors (NS: TAMO ), HDFC (NS: HDFC ), Aditya Birla Capital Ltd (NS: ADTB ), JBF Industries (NS: JBFI ), Aban Offshore (NS: ABAN ), and Lux Industries Ltd (NS: LUXI ), among others, will release their earnings results for the September ending the quarter on Monday.

 



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