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Contact: Daytradertelugu@gmail.com
STOCKS IN ACTION 1 SEPTEMBER
Reliance Industries: The company's media unit Viacom 18 bagged both TV and digital rights of the Indian cricket team's home series for the next five years with a cumulative bid of approximately Rs 6,000 crore, beating Star India and Sony in a three-way battle. The rights will come into effect with India's three-match home series against Australia beginning Sept. 22 and ending March 31, 2028.
Jio Financial Services: The scrip will be removed from S&P BSE indices before trading starts on Sept. 1
Sula Vineyards: Verlinvest Asia Pte sold a 12.6% stake in Sula Vineyards Ltd. for Rs 513.17 crore on Thursday. HDFC Mutual Fund, through its three funds, bought a combined 35.2 lakh shares, or a 4.2% stake. Other buyers include Morgan Stanley Asia (1.6%), Societe Generale (0.8%), and Ghisallo Master Fund (0.6%).
Punjab National Bank: The bank has raised lending rates by 5 bps across tenures, effective Sept. 1.
LIC: Mini Ipe has ceased to be the MD, and Gajraj Singh Gill has ceased to be the Executive Director (Senior Business Associate) with effect from Aug. 31 upon superannuation. CONCOR: Sanjay Swarup to be appointed as Chairman and Managing Director with effect from Oct. 1.
Nykaa: The company invested Rs 3.97 crore in its international arm, FSN International, by acquiring 39.78 lakh shares of Rs 10 each on a rights basis for providing long-term funds.
Aditya Birla Fashion and Retail: The company said that it has completed the acquisition of a 29% stake in TCNS Clothing pursuant to the open offer. It also plans to raise Rs 750 crore on or after Sept. 4 through bonds on a private placement basis.
Auto Stocks: To be in focus as auto makers announce the wholesale figures for the month of August.
Genus Power Infrastructure: The company’s step-down wholly owned subsidiary has bagged a Rs 2,247.37 crore order for 24.18 lakh smart metres, including their design, supply, installation, and commissioning. The total order book now stands at around Rs 11,000 crore.
ITD Cementation: The company bagged a marine contract worth Rs 3,290 crore, excluding GST.
GlaxoSmithKline Pharma: The Assistant Commissioner of State Tax Maharashtra initiated a search at certain premises of the company on Thursday. The officials are extending their full cooperation and responding to the queries raised by them, it said.
Shakti Pumps: The company received an order from the Haryana Renewable Energy Department for the supply, installation, and commissioning of solar water pumping systems. The order will be executed within a 120-day period from the date of issue of the work order.
India Pesticides: The company acquired 11,461 sq m of land adjacent to its existing Sandila plant in UP to set up a pesticide manufacturing unit. The cost of acquisition is Rs 9.61 crore.
Navneet Education: The board approved a composite scheme of arrangement for the amalgamation of Genext Students and the demerger of the Edtech business of Navneet Futuretech into Navneet Education.
Torrent Pharma: has likely submitted a non binding bid for Cipla. Torrent Pharma and Cipla for comments, a response is awaited.
Larsen & Toubro: With a whopping $10 billion addition in market capitalisation, automaker Tata Motors and the engineering behemoth Larsen & Toubro topped the chart of value creators so far this year.
@daytradertelugu
Reliance Industries: The company's media unit Viacom 18 bagged both TV and digital rights of the Indian cricket team's home series for the next five years with a cumulative bid of approximately Rs 6,000 crore, beating Star India and Sony in a three-way battle. The rights will come into effect with India's three-match home series against Australia beginning Sept. 22 and ending March 31, 2028.
Jio Financial Services: The scrip will be removed from S&P BSE indices before trading starts on Sept. 1
Sula Vineyards: Verlinvest Asia Pte sold a 12.6% stake in Sula Vineyards Ltd. for Rs 513.17 crore on Thursday. HDFC Mutual Fund, through its three funds, bought a combined 35.2 lakh shares, or a 4.2% stake. Other buyers include Morgan Stanley Asia (1.6%), Societe Generale (0.8%), and Ghisallo Master Fund (0.6%).
Punjab National Bank: The bank has raised lending rates by 5 bps across tenures, effective Sept. 1.
LIC: Mini Ipe has ceased to be the MD, and Gajraj Singh Gill has ceased to be the Executive Director (Senior Business Associate) with effect from Aug. 31 upon superannuation. CONCOR: Sanjay Swarup to be appointed as Chairman and Managing Director with effect from Oct. 1.
Nykaa: The company invested Rs 3.97 crore in its international arm, FSN International, by acquiring 39.78 lakh shares of Rs 10 each on a rights basis for providing long-term funds.
Aditya Birla Fashion and Retail: The company said that it has completed the acquisition of a 29% stake in TCNS Clothing pursuant to the open offer. It also plans to raise Rs 750 crore on or after Sept. 4 through bonds on a private placement basis.
Auto Stocks: To be in focus as auto makers announce the wholesale figures for the month of August.
Genus Power Infrastructure: The company’s step-down wholly owned subsidiary has bagged a Rs 2,247.37 crore order for 24.18 lakh smart metres, including their design, supply, installation, and commissioning. The total order book now stands at around Rs 11,000 crore.
ITD Cementation: The company bagged a marine contract worth Rs 3,290 crore, excluding GST.
GlaxoSmithKline Pharma: The Assistant Commissioner of State Tax Maharashtra initiated a search at certain premises of the company on Thursday. The officials are extending their full cooperation and responding to the queries raised by them, it said.
Shakti Pumps: The company received an order from the Haryana Renewable Energy Department for the supply, installation, and commissioning of solar water pumping systems. The order will be executed within a 120-day period from the date of issue of the work order.
India Pesticides: The company acquired 11,461 sq m of land adjacent to its existing Sandila plant in UP to set up a pesticide manufacturing unit. The cost of acquisition is Rs 9.61 crore.
Navneet Education: The board approved a composite scheme of arrangement for the amalgamation of Genext Students and the demerger of the Edtech business of Navneet Futuretech into Navneet Education.
Torrent Pharma: has likely submitted a non binding bid for Cipla. Torrent Pharma and Cipla for comments, a response is awaited.
Larsen & Toubro: With a whopping $10 billion addition in market capitalisation, automaker Tata Motors and the engineering behemoth Larsen & Toubro topped the chart of value creators so far this year.
@daytradertelugu
