Stocks To Watch
Crompton Greaves Consumer Electricals: The company launched a new "Mass Premium Induction" product named Toro 24 for the domestic market.
Somany Ceramics: The company's plant in Kassar, Bahadurgarh, Haryana, which was temporarily shut down due to a disruption in the natural gas supply, has partially resumed operations.
IDFC First Bank: The company has informed regarding resignation of TV Naarayan as 'Chief Marketing Officer' of the company.
Brigade Enterprises: The company entered into a long-term lease agreement for 7-acres located on Old Mahabalipuram Road, Chennai. The company informed on resignation of Jayant B Manmadkar as CFO and appointed of Pradyumna Krishna Kumar as CFO.
CEAT: The company’s arm CEAT OHT Lanka signed a $171 million investment agreement with the board of Investment of Sri Lanka, formalizing one of the largest Indian investments in the Sri Lanka’s manufacturing sector
Patanjali Foods: The company’s shareholders have approved the issuance of bonus shares.
R M Drip and Sprinklers Systems: The board of directors has approved a 10-for-1 stock split, where each existing equity share with a face value of Rs 10 will be divided into 10 new shares with a face value of Rs 1.
SJVN: The company updates that Prime Minister Narendra Modi virtually inaugurated first unit (1x660 MW) of 1320 MW Buxar Thermal Power Project in Bihar.
GMR Power and Urban: The company's board of directors has approved a proposal to raise up to Rs 3,000 crore through various securities, such as equity shares and non-convertible debentures.
Signpost India: The company awarded the exclusive advertising rights for all the 67 key metro stations operated by BMRCL. The exclusive rights contract is expected to have a revenue potential of Rs 600 crores to Rs 700 crores.
Borosil Renewables: The company’s arm GMB Glasmanufaktur Brandenurg, has filed for insolvency, causing a delay in the submission of financial results from the company. Consequently, the company is unable to finalize and submit its consolidated financial results.
Bajaj Auto: The company announced that supplies of its electric scooter, Chetak, have resumed all dealerships, after successfully overcoming constraints caused by global rare earth magnet availability.
Repco Home Finance: The company approved the proposal for raising funds by issue of NCDs and commercial paper aggregating Rs 1,500 crore and Rs 1,000 crore respectively on private placement.
MedPlus Health: The company’s arm Optival Health Solutions received a four-day suspension order for a drug license at one of its stores in Telangana.
JNK India: The company has received a "Significant" order, valued between Rs 0-Rs 50 Crore, from JNK Global.
KINGFA: The company's board of directors approved a preferential issue of up to 14.41 lakh equity shares to a non-promoter group of investors at a price of Rs 3,470 per share, aiming to raise approximately Rs 500 crore.
Varroc Engineering: The company issued and allotted Commercial Paper aggregating to an amount of Rs 50 crore.
Foseco India: The company signs an agreement to acquire a 75% stake in Morganite Crucible India, to strengthen its Foundry business in India.
PNB Housing Finance: The board of directors has been authorized to offer Non-Convertible Debentures for an amount not exceeding Rs 10,000 crore, on private placement basis.
Prime Focus : The company has clarified two points regarding its recent preferential issue: the actual number of equity shares to be issued is 46 crore, which is slightly less than the maximum approved by shareholders; and a valuation report error has been corrected, stating that the asset approach has no weight on the final swap ratio and the incorrect price per share was Rs 338.55 instead of the correct Rs 329.31.
Star Cement: The company’s arm Star Cement Northeast has been declared the 'Preferred Bidder' for a limestone mining lease in Jaisalmer, Rajasthan.
Sri Adhikari Brothers Television: The company has sold its entire 35.