STOCKS IN ACTION 22 February
Sugar stocks: The government announced hiking the sugarcane Fair and Remunerative Price by Rs 25 to Rs 340 per quintal for the 2024-25 season starting October. FRP is the minimum price that mills have to pay to sugarcane growers.
Eureka Forbes: Promoter Lunolux plans to divest up to 12% stake in the company for Rs 1,148.7
crore via block deals.
Zee Entertainment Enterprise: SEBI might issue a show cause notice to company next month in a fund diversion case.
Axis Bank: Moody's affirmed the lender's Baa3 long-term deposit ratings at 'Baa3' with a stable outlook saying India's favourable operating environment offers the bank an opportunity to further strengthen its market position.
NBCC: The company received in-principal approval from Greater Noida Authority for the development of unused and purchasable Floor Area Ratio in furtherance of existing projects of Amrapali valued Rs 10,000 crores.
Brigade Enterprises, PVP Ventures: The companies signed joint development agreement to develop a 2.5 million square feet, high-rise residential project in Chennai with a revenue potential of about Rs 2,000 crore. The company unit signed a 45-year lease agreement with the landowners to build a 250-room resort on East Coast Road in Chennai.
Home First Finance: The company received corporate agent license from Insurance Regulatory Development Authority of India for soliciting life, general and health insurance.
Grasim Industries: The company will launch Birla Opus Paints Business and will inaugurate three plants.
UPL: The company incorporated step-down subsidiary Advanta Seeds Hungary for seeds business.
South Indian Bank: The lender announced Rs 1,151 crore rights issue. It will offer 52 crore shares at Rs 22 per share. The issue opens March 6 and closes on March 20 and the record date is set as Feb. 27. The rights ratio set at 1 share for every 4 shares held.
Salasar Techno Engineering: The company said it is confident of getting firm orders to manufacture and supply monopoles amounting to Rs 200 crores within the next 12 months.
SG Mart: The company incorporated a unit in Dubai in the name of SG Mart FZE.
Sula Vineyards: The company announced that Maharashtra government has issued a GR for the continuation of the Wine Industrial Promotion Scheme for a period of eight years.
J. Kumar Infraprojects: Madan Biyani has resigned from the position of Chief Financial Officer.
LT|Mindtree: The company signed an MoU with Eurolife FFH, to establish Gen Al and Digital hubs in Europe and Mumbai.
Grauer and Weil: The board will consider bonus issue on Feb 26.
JB Chemicals: eyes $100 million revenue from contract manufacturing in 3-5 years
@daytradertelugu
Sugar stocks: The government announced hiking the sugarcane Fair and Remunerative Price by Rs 25 to Rs 340 per quintal for the 2024-25 season starting October. FRP is the minimum price that mills have to pay to sugarcane growers.
Eureka Forbes: Promoter Lunolux plans to divest up to 12% stake in the company for Rs 1,148.7
crore via block deals.
Zee Entertainment Enterprise: SEBI might issue a show cause notice to company next month in a fund diversion case.
Axis Bank: Moody's affirmed the lender's Baa3 long-term deposit ratings at 'Baa3' with a stable outlook saying India's favourable operating environment offers the bank an opportunity to further strengthen its market position.
NBCC: The company received in-principal approval from Greater Noida Authority for the development of unused and purchasable Floor Area Ratio in furtherance of existing projects of Amrapali valued Rs 10,000 crores.
Brigade Enterprises, PVP Ventures: The companies signed joint development agreement to develop a 2.5 million square feet, high-rise residential project in Chennai with a revenue potential of about Rs 2,000 crore. The company unit signed a 45-year lease agreement with the landowners to build a 250-room resort on East Coast Road in Chennai.
Home First Finance: The company received corporate agent license from Insurance Regulatory Development Authority of India for soliciting life, general and health insurance.
Grasim Industries: The company will launch Birla Opus Paints Business and will inaugurate three plants.
UPL: The company incorporated step-down subsidiary Advanta Seeds Hungary for seeds business.
South Indian Bank: The lender announced Rs 1,151 crore rights issue. It will offer 52 crore shares at Rs 22 per share. The issue opens March 6 and closes on March 20 and the record date is set as Feb. 27. The rights ratio set at 1 share for every 4 shares held.
Salasar Techno Engineering: The company said it is confident of getting firm orders to manufacture and supply monopoles amounting to Rs 200 crores within the next 12 months.
SG Mart: The company incorporated a unit in Dubai in the name of SG Mart FZE.
Sula Vineyards: The company announced that Maharashtra government has issued a GR for the continuation of the Wine Industrial Promotion Scheme for a period of eight years.
J. Kumar Infraprojects: Madan Biyani has resigned from the position of Chief Financial Officer.
LT|Mindtree: The company signed an MoU with Eurolife FFH, to establish Gen Al and Digital hubs in Europe and Mumbai.
Grauer and Weil: The board will consider bonus issue on Feb 26.
JB Chemicals: eyes $100 million revenue from contract manufacturing in 3-5 years
@daytradertelugu
