STOCK IN ACTION 8 DECEMBER
Rate sensitive stocks: The RBI will announce the decision at its Monetary Policy Committee meeting on Friday. Banking and finance, auto, housing and real estate stocks will be in focus.
IIFL Securities: The Securities Appellate Tribunal has set aside SEBI's order prohibiting the company from onboarding new clients for two years and reduced the monetary penalty from Rs 1 crore to Rs 20 lakh.
Zomato: Softbank's SVK Growth plans to sell a 1.1% stake in the food delivery company at Rs 120.5 apiece, Bloomberg reported.
Bharat Forge: The company's unit, Kalyani Strategic Systems, proposed to acquire a majority stake in Zorya Mashproekt India. ZMI is engaged in the development of indigenous capabilities for build-ups, repairs, and overhauls of all types of gas turbine engines.
Container Corp: The company signed an MoU with NTPC Vidyut Vyapar Nigam to develop solar projects at its terminals.
DB Realty: Unit Vanita Infrastructure's subsidiary acquired equity shares of DB Conglomerate Realty. Post-acquisition, DB Conglomerate Realty has become a step-down subsidiary of the company.
IRB Infrastructure Developers: The company logged November toll collection at Rs 437 crore, against Rs 366 crore in the same period last year.
Jayaswal Neco Industries: The board approved raising up to Rs 3,200 crore through NCDs.
Sanghi Industries: Adani Cement appointed Sukuru Ramarao as CEO and Sanjay Kumar Khanjanchi as CFO of the company effective Dec. 7.
UPL: The company incorporated a step-down subsidiary, Advanta Seeds Zambia, in Zambia for carrying out seeds and related business.
Jindal Saw: The board will consider fundraising at a meeting on Dec. 14.
TVS Electronics: The company received an order from the office of the Commissioner of Customs on Dec. 6 to pay Rs 35.58 crore. It is the process of filing an appeal before the CESTAT, Chennai.
Green Panel: The company resumed operations at its Andhra Pradesh factory w.e.f. Dec. 6. It estimates a loss caused by Cyclone Michaung of Rs 3.5 crore.
Shriram Finance: The company signed an agreement with SIDBI for co-lending to MSMEs.
Olectra Greentech: The company received a letter of award from Vasai Virar City Municipal Corp., Mumbai for the supply and maintenance of 40 electric buses.
Man Infrastructure: The company reduced its stake in MICL Homes to 31% from 34%.
Five-Star Business Finance: Matrix partners likely to sell 5.87% stake in Five-Star Business Finance; option to upsize to 8.81%,
IRB Infrastructure toll collections up 26.7% at Rs 236.6 cr vs Rs 186.8 cr (YoY)
@daytradertelugu
Rate sensitive stocks: The RBI will announce the decision at its Monetary Policy Committee meeting on Friday. Banking and finance, auto, housing and real estate stocks will be in focus.
IIFL Securities: The Securities Appellate Tribunal has set aside SEBI's order prohibiting the company from onboarding new clients for two years and reduced the monetary penalty from Rs 1 crore to Rs 20 lakh.
Zomato: Softbank's SVK Growth plans to sell a 1.1% stake in the food delivery company at Rs 120.5 apiece, Bloomberg reported.
Bharat Forge: The company's unit, Kalyani Strategic Systems, proposed to acquire a majority stake in Zorya Mashproekt India. ZMI is engaged in the development of indigenous capabilities for build-ups, repairs, and overhauls of all types of gas turbine engines.
Container Corp: The company signed an MoU with NTPC Vidyut Vyapar Nigam to develop solar projects at its terminals.
DB Realty: Unit Vanita Infrastructure's subsidiary acquired equity shares of DB Conglomerate Realty. Post-acquisition, DB Conglomerate Realty has become a step-down subsidiary of the company.
IRB Infrastructure Developers: The company logged November toll collection at Rs 437 crore, against Rs 366 crore in the same period last year.
Jayaswal Neco Industries: The board approved raising up to Rs 3,200 crore through NCDs.
Sanghi Industries: Adani Cement appointed Sukuru Ramarao as CEO and Sanjay Kumar Khanjanchi as CFO of the company effective Dec. 7.
UPL: The company incorporated a step-down subsidiary, Advanta Seeds Zambia, in Zambia for carrying out seeds and related business.
Jindal Saw: The board will consider fundraising at a meeting on Dec. 14.
TVS Electronics: The company received an order from the office of the Commissioner of Customs on Dec. 6 to pay Rs 35.58 crore. It is the process of filing an appeal before the CESTAT, Chennai.
Green Panel: The company resumed operations at its Andhra Pradesh factory w.e.f. Dec. 6. It estimates a loss caused by Cyclone Michaung of Rs 3.5 crore.
Shriram Finance: The company signed an agreement with SIDBI for co-lending to MSMEs.
Olectra Greentech: The company received a letter of award from Vasai Virar City Municipal Corp., Mumbai for the supply and maintenance of 40 electric buses.
Man Infrastructure: The company reduced its stake in MICL Homes to 31% from 34%.
Five-Star Business Finance: Matrix partners likely to sell 5.87% stake in Five-Star Business Finance; option to upsize to 8.81%,
IRB Infrastructure toll collections up 26.7% at Rs 236.6 cr vs Rs 186.8 cr (YoY)
@daytradertelugu
