Pre-Market Information: Stocks in focus-Reliance Industries, Tata Steel, Sobha, and D’Mart

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The global markets are showing mixed trends. The US job data disappoints. Omicron cases are rising. However, equity markets are hoping that the Central banks will slow the pace of rate hikes. 

SGX Nifty indicates a positive opening for the Indian markets. 

The following stocks are in focus today:

Reliance Industries: Company’s wholly-owned subsidiary, Reliance Industrial Investments and Holdings Ltd. to acquire a 73.37% stake in the New York-based Mandarin Oriental, indirectly. 

Tata Steel: India crude steel production was up sequentially 1.5% during Q3. 

Info Edge: The company declared an interim dividend of Rs. 8. TCS: Board will consider a proposal of buyback on 12 January 2022.

D’Mart: The company posted decent Q3 results. Revenue up 18%. Net profit up 32%. 

Sobha Developers: The company said Q3 sales were up by 17% YoY. 

Federal Bank: The lender to raise funds amounting up to Rs. 700 Cr through private placement. 

Cyient: As per the bulk deal data on NSE, Aditya Birla Sun Life AMC sold 21.16 lakh equity shares.

Raghuveer Jandhyala

Editor, Tax Concept. I have written on market, finance, management, and technology.

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