In today’s trading session, shares of companies like PVR, Inox, Airtel, DLF, Vedanta,  and others are likely to attract investors’ attention. These are some of the stocks in the news.

Today, the Indian equity market is likely to open marginally higher since the SGX Nifty is trading 30 points higher at 17,221. Singapore Stock Exchange is regarded as the first indication of the opening of the Indian market.

A mixed trend in global equities contributed to the decline of the Sensex and Nifty on Friday, extending their losses to the third day. Index majors HDFC Bank, TCS, and Infosys also fell amid the losses. The Sensex closed 233.48 points down at 57,362.20. It fell 495.44 points to 57,100.24 during the day.

Stocks In The News

PVR and INOX Leisure have announced a merger deal to form the largest multiplex chain in the country with more than 1,500 screens.

Coal India: The North Eastern Coalfields unit of a state-owned coal mining company has resumed mining at Tikak colliery in Assam, a statement said on Saturday. The NEC mine was closed due to the lack of land for an overburden dump and certain clearances.

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Adani Total Gas: The Adani Group has entered the electric mobility infrastructure sector by launching its first EV charging station in Ahmedabad, a joint venture with French energy giant TotalEnergies SE. The charging station is located at ATGL’s CNG station in Maninagar.

Vodafone Idea: The company’s shareholders have approved a plan to raise Rs 14,500 crore, the debt-ridden telecom operator announced. The proposal was approved at an extraordinary general meeting.

Bharti Airtel: The telecom giant has agreed to acquire over a 7 percent stake in Avaada KNShorapur for a cash consideration of Rs 1.74 crore, the company announced in a regulatory filing.

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DLF: The realty major is planning to invest around Rs 2,000 crore for two brand new malls in Gurugram and Goa because it sees enormous growth potential for organized retail following the reduction in COVID-19 cases.

Vedanta: The mining company of billionaire Anil Agarwal will invest $1.5 billion across its oil and gas, zinc, and steel businesses. The firm’s board approved USD 687 million for drilling new wells at its oil and gas unit, Cairn Oil & Gas, at its meeting on Friday.

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