Pre-Market Information-Reliance, HCL Technologies, Lupin, Titan, and Escorts in focus

Global markets were in red yesterday. However, this morning the Asian markets are showing positive signs. Additionally, the US stock futures are in green. SGX Nifty also showing a gap-up for Indian markets.

LUPIN: After Dr. Reddy’s and Aurobindo Labs, Lupin also launches Molnulup, a Covid Drug based on Molnupiravir.

ZEE LEARN :Zee learn has a mixed story. On one hand, Spring Ventures acquired 50 lakh equity shares in the company at Rs 19.57 per share. On the other hand, IndusInd Bank Ltd Client A/C sold 71,32,775 equity shares in the company at Rs 17.77 per share, and Morgan Stanley Asia (Singapore) Pte – ODI sold 47,69,108 equity shares in the company at Rs 18.44 per share, as per the bulk deal data on NSE.

HINDUJA GLOBAL SOLUTIONS: This process management player has approved Rs 150 per share interim dividend. The board approved 1:1 bonus share issue.

HCL TECHNOLOGIES: HCL Tech in focus as it acquires 51% stake in  German IT Consulting Company, Gesellschaft für Banksysteme GmbH (GBS).

ESCORTS: Ace investor Rakesh Jhunjhunwala increased his stake in the company from 4.75 percent in September 2021 to 5.22 percent in the quarter ended December 2021.

RELIANCE INDUSTRIES: The major conglomerate’s retail wing Reliance Retail bought 25.8 percent in Dunzo for $200 million.

TITAN: Company said that its Jewellery segment grown 16% and Eyewear & Wathes up 28% in respectively, in Q3.

As the US stock futures inch higher and Asian Markets are in green, our markets may also show positive signs.