Stocks In Focus Today: PNB raised over 54% of targeted fund mop-up through a qualified institutional placement (QIP) of shares.


Domestic share markets are likely to start Monday's session on a negative note, putting to halt a record-breaking streak in which the Nifty 50 index crossed the 13,750 mark for the first time ever, riding on optimism around COVID-19 vaccines and on continued foreign fund inflows(share market investment)

The Singapore Exchange (SGX) Nifty futures — an early indicator of the National Stock Exchange's Nifty 50 benchmark index — declined 59.15 points, or 0.43 per cent, to hit 13,703.00 at the weakest level recorded ahead of the opening of Indian markets. At 8:50 am, the SGX Nifty futures traded 29.35 points, or 0.21 per cent, lower at 13,732.80. (share market investment)

Here are few stocks to watch in Monday's trade (December 21, 2020): (share market investment)

Punjab National Bank

Punjab National Bank raised a little over 54 per cent of the targeted fund mop-up through a qualified institutional placement (QIP) of shares, which closed on Friday with ₹ 3,788.04 crore. The state-run lender had planned to raise up to ₹ 7,000 crore through the QIP, which had opened on Tuesday.

Bank Of Baroda

Bank of Baroda said Ian De Souza joined as chief financial officer. Mr De Souza is a chartered accountant and has 23 years of experience in the banking & financial services domain. 


Pharmaceuticals company Lupin said it has received approval for its Colesevelam Hydrochloride Tablets (625 mg) from the US drug regulator, to market a generic equivalent of Daiichi Sankyo's Welchol. (share market investment)

Reliance Industries

Reliance Industries and BP announced the start of production from the R Cluster project, one of the three deep-water gas projects in block KG-D6. The three projects are together expected to meet around 15 per cent of the country's gas demand by 2023, Reliance Industries said.

RIL is the operator of KG-D6 with a 66.67 per cent participating interest and BP holds a 33.33 per cent participating interest.