CarTrade Tech, Tata Communications, Nazara Tech, Vedanta, SBI, SBI Cards among top stocks to watch today

Stocks in focus: At 08:32 am, the GIFT Nifty was training 29.5 points, or 0.15 per cent higher at 19,486 levels, indicating a positive start to trading on Dalal Street on Tuesday.

Here's a list of stocks that may remain in focus today. 

Vedanta: Taiwan's Foxconn said on Monday that it was withdrawing from a semiconductor joint venture with Vedanta, meaning the metals-to-oil conglomerate would take over the complete ownership of the JV. The electronics manufacturer told Reuters in a statement that "Foxconn is working to remove the Foxconn name from what now is a fully-owned entity of Vedanta." 

CarTrade Tech has announced that it has entered into a share purchase agreement with M/s Sobek Auto India Private Limited (“Sobek”), and its holding company OLX India B.V. for the acquisition of a 100% stake in Sobek from OLX India B.V.

Tata Communications will acquire the remaining 41.9 per cent stake in eSIM company OSSE France for Rs 99.3 crore, the company said on Monday. Following the transaction, which the company expects to close in about a month, Tata Communications' Singapore-based subsidiary Tata Communications International Pte (TCIPL) would acquire 100 per cent equity shareholding in Oasis Smart SIM Europe.

Nazara Tech: The company on Monday said its board has approved the increase in authorised share capital from Rs 30 crore to Rs 50 crore and corresponding amendments to the Clause V of the Memorandum and Articles of Association of the Company subject to the approval of shareholders.

SBI: State Bank of India (SBI) on Monday said it proposes to sell a 2% stake by offloading 40 lakh shares in depository organisation NSDL. The bank intends to participate in an Initial Public Offering (IPO) of National Securities Depositories Limited (NSDL), SBI said in a regulatory filing.

Cyient DLM: Nippon India MF bought 5 lakh shares at Rs 403 per share. 

SBI Cards: SBI Card on Monday said its parent State Bank of India (SBI) has appointed Abhijit Chakravorty as Managing Director and CEO. He will replace Rama Mohan Rao Amara, who will cease to be MD on August 11.

L&T on Monday said it has signed a Teaming Agreement with Spain-based Navantia to participate in the Navy’s P75 (India) submarine project and will submit a techno-commercial bid for it.