Post Market Analysis 08-07-2021

Manoj Kumar July 8, 2021

The Indian market suffered strong losses with the benchmark Sensex falling more than 600 points. Sensex down by 485.82 points to 52,568.94. The Nifty down by 151.75 points to 15,727.90.

Indian rupee ended near the day’s high at 74.71.

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Bajaj Healthcare:The company received license from Defence Research and Development Organisation (DRDO) to manufacture and market ‘2-Deoxy-D-Glucose’ (2-DG), used in control & treatment of Covid-19.

KPR Mill: The board to meet on July 27, to consider proposal for sub-division of the face value of the Equity Shares of the Company, subject to the approval of shareholders.

L&T Infotech: The company has completed the acquisition of 100% shareholding of Cuelogic. It is now a wholly owned subsidiary of the Company and Cuelogic Technologies Inc., US is now wholly owned step-down subsidiary of the Company.

Zuari Global: It has acquired 13.19% shares of Forte Furniture Products India Pvt. Ltd from Indian Furniture Products Ltd (‘IFPL’) subsidiary of the Company.

HDFC: Housing finance major on Wednesday said it has sold 32,53,517 shares, or 2.46% of its stake in Hindustan Oil Exploration Company (HOECL) for Rs 37.19 crore. Post transaction, HDFC has decreased its stake in HOECL to 8.75% stake from 11.21% held earlier.

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Manoj Kumar July 8, 2021

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