The markets saw a dip in early trade on Tuesday. Nifty was down 46 points at 9:30 am while the Sensex was down 123.10 points. Equity markets in the rest of Asia also slipped with many attributing it to the discovery of a new Covid-19 strain in the UK and its possible repercussions on the economy.
Let us take a look at the top stocks for investors today:
Pfizer: The Covid-19 vaccine of the company developed with Biontech has been authorized in the European Union by the European Medicines Agency.
Lupin: The Indian multinational pharma company has received the approval of the US Food and Drug Administration (FDA) to market a generic equivalent of Banzel Oral Suspension.
GTPL Hathway: The company has hiked its shareholding from 51.00% to 70.88% in GTPL Abhilash Communication, a subsidiary of GTPL Hathway.
Tata Motors: Citing a rise in the input cost, the company has decided to increase the price of its commercial vehicles from January.
NIIT Ltd: The board of this company will consider buyback on December 24.
Birlasoft: At Rs 205.15 per share, ICICI Prudential Mutual Fund bought 20 lakh shares and 67.11 lakh shares were sold by Acacia II Partners L.P.
Cyient: The wholly-owned subsidiary Cyient Engineering (Beijing) Ltd is going to be de-registered after the approval of Beijing Administration for Industry and Commerce.
Engineers India: The company has fixed January 1, 2021 as the date for share buyback. At a price of Rs 587 crore, the company will buy 7 crore shares.
Hotel stocks: After the announcement of a night curfew in municipal corporation areas of Maharashtra from 11 pm to 6 am, the hotels like EIH, Kamat Hotels will be of interest to investors.
Asian Paints: Smiti Holding and Trading Company, a promoter entity has pledged to release 9 lakh shares of the company.
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