Ten stocks in focus in Tuesday morning tradeIndian markets are expected to trade in a range. Here is a list of ten stocks which are likely to be in focus today.
Analysts give thumbs-up to JSW Steel's acquisition of Welspun Maxsteel for Rs 1,000 croreWelspun Maxsteel, a subsidiary of Welspun Corp, makes sponge iron, which is used to make steel in an electric arc furnace.
JSW Steel to acquire Welspun Maxsteel Ltd in Rs 1,000-crore dealMeanwhile, JSW Steel said it has surplus pellets in its subsidiary Amba River Coke Ltd and the same would be supplied to Welspun Maxsteel.
- Private equity investment gives Welspun a timely boost
The stock gained nearly 5% after its management announced that Apollo Global Management would invest Rs 2,250 crore in the Welspun Group.
- WMSL to invest Rs 5,300 cr for expansion
Welspun Maxsteel (WMSL) today announced a Rs 5,300-crore expansion plan, including raising DRI capacity to 1.7 million tonne per annum.
- Apollo to invest Rs 2,250 crore in Welspun Group
B K Goenka-owned Welspun on Wednesday said private equity firm Apollo will invest Rs 2,250 crore in its group firms.
- Welspun Corp taps private equity, shares up 4 pc
Shares in Welspun Corp were trading higher on Wednesday extending its gains from previous session on fund raising plans via private equity ...