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Domestic markets rise with key stocks like Vodafone Idea, Dr Reddy’s, Reliance Industries, and IndiGo in focus due to major developments.
Stocks to Watch Including Vodafone Idea, Dr Reddy’s, RIL, and IndiGo
On Tuesday, domestic markets extended their rebound, gaining nearly half a percent, driven by a recovery in global indices. Major stocks like HDFC Bank, Vodafone Idea, Dr Reddy’s Laboratories, Reliance Industries (RIL), and IndiGo are in focus due to significant news developments.
Vodafone Idea
Vodafone Idea has recently approached state-owned lenders Power Finance Corp. (PFC) and REC Ltd for loans to meet its medium-term funding requirements, according to reports from ET.
Dr Reddy’s Laboratories (DRL)
DRL issued a clarification in response to allegations by the Congress party, which claimed that the company benefited from its association with Sebi chairperson Madhabi Puri Buch’s husband via Agora Advisory Pvt Ltd.
Reliance Industries (RIL)
RIL has set September 20 as the deadline for paying call money on its partly paid shares.
IndiGo
The Bureau of Civil Aviation Security (BCAS) has reduced IndiGo’s penalty from ₹1.2 crore to ₹70 lakh.
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