Stocks To Watch- Adani Green Energy, RIL, SBI, Delta Corp

Stocks To Watch: Adani Green Energy, RIL, SBI, Delta Corp

Stocks in focus: GIFT Nifty traded up by 48.5 points, or 0.25%, at 19,691 during Monday’s early trading session, indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex. The Benchmark equity indices ended the week’s last trading session in the red. The NSE Nifty 50 fell 0.34% to settle at 19,674.25, while the BSE Sensex shed over 220 points to 66,009.15.

“Technically, on weekly charts, the Nifty has formed a long bearish candle, indicating a weak sentiment in the near future. However, due to temporary oversold conditions, we could expect a one quick pullback rally in the near future. For the short-term traders now, the 50-day SMA (Simple Moving Average) 19,600 and 19,500 would be the key support zones while 19,800 and 19,900 could be key resistance areas,” said Amol Athawale, Vice President – Technical Research, Kotak Securities.

Reliance Industries

Reliance Retail Ventures, the retail subsidiary of Reliance Industries, has received the full subscription amount of Rs 2,069.50 crore from the global investment firm Alyssum Asia Holdings (KKR) and has allotted 17.1 million equity shares to KKR.

State Bank of India

On Friday, the country’s largest lender announced that it had raised Rs 10,000 crore through an infrastructure bond issue in a statement. As per the statement, SBI will pay a coupon rate of 7.49% on the bonds.

Delta Corp

The Directorate General of GST Intelligence on Friday slapped a demand of Rs 11,139.6 crore on e-gaming company Delta Corp, for alleged underpayment of the Goods and Service Tax (GST) for the period between July 2017 – March 2022.

Life Insurance Corporation (LIC)

The company announced on Friday that it would file an appeal against the tax notice of Rs 290 crore issued by the GST authority of Patna, Bihar.