Stocks in focus: Chemcon Speciality, Yes Bank, Tata Steel, Adani Green Energy, Vedanta, PNB

Nifty futures were trading 36 points or 0.26 per cent down at 14,033.20 on Singaporean Exchange, suggesting a negative start for BSE Sensex and Nifty 50 on Thursday. thus far this civil year , headline indices have surged 15 per cent. Indian markets may remain volatile as today is that the last expiry of the civil year 2020. Investors will keep tabs on newsflows associated with COVID-19 vaccine, foreign fund inflows and other global cues. “Markets are likely end 2020 on a high note on the rear of strong global cues, sustained inflows, and improving macros trends. The December quarterly results are going to be subsequent key event for the market and are expected to be far better thanks to strong festival season. because the future market structure remains positive, we might advise investors to adopt Buying on Dips strategy to accumulate quality stocks,” said Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services Ltd.

Chemcon Speciality, PNB: Plutus Wealth Management LLP bought shares of Chemcon Speciality Chemicals through a bulk deal. GMR Enterprises sold shares of GMR Infrastructure while Essar India sold shares of Prabhat Technologies. Societe Generale sold shares of Punjab commercial bank while Segnatii India Mauritius bought shares of the lender.

Tata Steel: Tata Steel has installed an extended Pipe Conveyor (LPC) at its opencast coal mines within the West Bokaro Division, the power which will bring coal and by-products from the washeries to the Chainpur railway siding, replacing the prevailing ropeway transportation .

Yes Bank: Yes Bank on Wednesday elevated two key senior force to go the finance and human resources functions. The bank, now majority-owned by depository financial institution of India and other financial institutions, said its board has approved promotion of Niranjan Banodkar because the Group Chief treasurer (CFO) and Anurag Adlakha because the Group Chief Human Resources Officer following the recommendations of the nomination and remuneration panel and therefore the audit committee.

Adani Green Energy: Adani solar power Kutchh Two Private Limited has commissioned 100 MWac solar energy Project at Khirsara, Gujarat, before its scheduled Commercial Operation Date (COD) consistent with its 25-year-long Power purchase contract (PPA ) with the Gujarat Urja Vikas Nigam India (GUVNL).

Vedanta: Vedanta Ltd’s promoters cannot sell or create any security on shares they hold within the group as a part of the terms attached to the recent USD 1.4 billion fundraising, conditions which technically fall within the definition of ”encumbrance” but no pledge on shares has been created, the corporate said on Wednesday.