Stocks To Watch 07/10/2021
Zee Entertainment Enterprises: The founder of Zee Entertainment Enterprises Ltd., Subhash Chandra, has alleged that dissenting investors Invesco Developing Markets Fund and OFI Global China Fund LLC are trying to take over the firm he set up two decades ago, adding another twist in the public fight for board control of India’s largest listed TV network.
Nazara Technologies: The company raised Rs 315 crore from marquee institutional investors. The funds will be utilised to invest in growth initiatives of the company as well as pursue strategic acquisitions in the various business verticals of the company including gamified learning, freemium, skill based real money gaming and esports.
Lupin: Received tentative U.S. FDA approval for Brexpiprazole Tablets, a generic equivalent of Rexulti Tablets of Otsuka Pharmaceutical Co. The company will manufacture Brexpiprazole at its Pithampur facility in India.
Titan Company: The company reported strong recovery in demand in Q2FY22. Jewellery business grew by 78% in Q2FY22 YoY and added 13 stores during the quarter, watches & wearables segment registered 73% YoY growth and eye wear business increased by 74% YoY in the same period.
Sobha: New sales grew by 50.62% to 13.48 lakh square feet in Q2FY22 versus 8.91 lakh square feet in Q2FY21. Total sales value increased 49.32% to Rs 1,030.2 crore from Rs 689.9 crore in the same period. The company achieved best-ever quarterly sales volume of 13.5 lakh square feet of super built-up area. It also achieved best ever Sobha Share of sale value of Rs 854 crore. Average cost of borrowing has further come down during the quarter.
Macrotech Developers: Second quarter pre-sales rise 88% year-on-year to Rs 2,003 crore. The company had pre-sales of £145 million (Rs 1,450 crore) in U.K. projects during the quarter. Collections up 73% YoY at Rs 1,912 crore. Net debt at India business fell to Rs 12,508 crore versus Rs 16,965 crore a year earlier. Plans to cut debt to about Rs 10,000 crore by March.
Telecom stocks: Government has reduced bank guarantee requirements for telecom operators by 80%.
Ambuja Cements: Life Insurance Corporation of India acquired 3.99 crore equity shares in the company via open market transactions, increasing shareholding to 6.12% from 4.11% earlier.
Orissa Minerals Development Company: Life Insurance Corporation of India sold 1.24 lakh equity shares in the company via open market transactions, reducing shareholding to 9.08% from 11.16% earlier.
NIIT: U.S.-based Sutherland, a leading global digital transformation company, and StackRoute, an NIIT Venture, have entered into a partnership to launch an immersive training program designed to identify the right talent and develop them as high-quality full stack IT professionals, handling critical roles at Sutherland.
Balaji Amines: The company’s demethylformamide plant will remain shut for two-three weeks. An incident took place at the company’s unit III demethylformamide plant which caused leakages/breakdown. While rectifying this the company added some debottlenecking activities to increase capacity.
PNB Housing Finance: The company has collaborated with CSC e-Governance Services India to provide last‐mile home loan facilities to individuals living in tier 2 and 3 cities.
Sona Blw Precision Forgings: Rated new Buy at Nirmal Bang
Zee Entertainment Enterprises: The founder of Zee Entertainment Enterprises Ltd., Subhash Chandra, has alleged that dissenting investors Invesco Developing Markets Fund and OFI Global China Fund LLC are trying to take over the firm he set up two decades ago, adding another twist in the public fight for board control of India’s largest listed TV network.
Nazara Technologies: The company raised Rs 315 crore from marquee institutional investors. The funds will be utilised to invest in growth initiatives of the company as well as pursue strategic acquisitions in the various business verticals of the company including gamified learning, freemium, skill based real money gaming and esports.
Lupin: Received tentative U.S. FDA approval for Brexpiprazole Tablets, a generic equivalent of Rexulti Tablets of Otsuka Pharmaceutical Co. The company will manufacture Brexpiprazole at its Pithampur facility in India.
Titan Company: The company reported strong recovery in demand in Q2FY22. Jewellery business grew by 78% in Q2FY22 YoY and added 13 stores during the quarter, watches & wearables segment registered 73% YoY growth and eye wear business increased by 74% YoY in the same period.
Sobha: New sales grew by 50.62% to 13.48 lakh square feet in Q2FY22 versus 8.91 lakh square feet in Q2FY21. Total sales value increased 49.32% to Rs 1,030.2 crore from Rs 689.9 crore in the same period. The company achieved best-ever quarterly sales volume of 13.5 lakh square feet of super built-up area. It also achieved best ever Sobha Share of sale value of Rs 854 crore. Average cost of borrowing has further come down during the quarter.
Macrotech Developers: Second quarter pre-sales rise 88% year-on-year to Rs 2,003 crore. The company had pre-sales of £145 million (Rs 1,450 crore) in U.K. projects during the quarter. Collections up 73% YoY at Rs 1,912 crore. Net debt at India business fell to Rs 12,508 crore versus Rs 16,965 crore a year earlier. Plans to cut debt to about Rs 10,000 crore by March.
Telecom stocks: Government has reduced bank guarantee requirements for telecom operators by 80%.
Ambuja Cements: Life Insurance Corporation of India acquired 3.99 crore equity shares in the company via open market transactions, increasing shareholding to 6.12% from 4.11% earlier.
Orissa Minerals Development Company: Life Insurance Corporation of India sold 1.24 lakh equity shares in the company via open market transactions, reducing shareholding to 9.08% from 11.16% earlier.
NIIT: U.S.-based Sutherland, a leading global digital transformation company, and StackRoute, an NIIT Venture, have entered into a partnership to launch an immersive training program designed to identify the right talent and develop them as high-quality full stack IT professionals, handling critical roles at Sutherland.
Balaji Amines: The company’s demethylformamide plant will remain shut for two-three weeks. An incident took place at the company’s unit III demethylformamide plant which caused leakages/breakdown. While rectifying this the company added some debottlenecking activities to increase capacity.
PNB Housing Finance: The company has collaborated with CSC e-Governance Services India to provide last‐mile home loan facilities to individuals living in tier 2 and 3 cities.
Sona Blw Precision Forgings: Rated new Buy at Nirmal Bang
Stocks To Watch
InterGlobe Aviation: Rahul Gangwal, co-promoter of InterGlobe Aviation Ltd. has moved the Delhi High Court to seek enforcement of an arbitral award in his shareholder dispute with co-promoter Rahul Bhatia
Zee Entertainment Enterprises: NCLT made an error in not granting enough time to Zee for replying to Invesco Developing Markets Fund’s petition seeking an extraordinary general meeting of the company, NCLAT said. The NCLAT, however, has not specified the time Zee should be given. NCLT Mumbai is scheduled to resume hearing in the case today.
JSW Energy: The company has signed a contract with GE Renewable Energy for supply of 810 MW of onshore wind turbines for the company’s underconstruction pipeline of 2.5 GW of renewable projects in India. The supply of the turbines will start by the second quarter of CY2022.
Great Eastern Shipping Company: SBI Mutual Fund sold 8.44 lakh equity shares in the company via an open market transaction on October 6, reducing shareholding to 2.85% from 3.43% earlier.
Ratnamani Metals & Tubes: The company has received a new order of Rs 98 crore for the supply of carbon steel pipes from the domestic oil and gas sector, to be executed in 5 to 12 months.
IL&FS Transportation Networks: To sell stake in Warora Chandrapur Ballarpur Toll Road, an associate of the company, to Vishvaraj Infrastructure for Rs 12.25 crore. The sale is expected to be completed by January 31, 2022.
National Aluminium Co.: A patent has been granted jointly to Jawaharlal Nehru Aluminium Research Development and Design Centre and Nalco by Controller of Patent for an invention entitled "Determination of calcium in alumina hydrate, calcined alumina and process liquor.”
Oberoi Realty: Units booked in Q2 at 200 vs 45 YoY (39 QoQ); Booking value in Q2 at Rs 828.52 crore vs Rs 327.30 YoY (Rs 169.97 QoQ); Area booked in Q2 at 4,43,716 square feet vs 1,30,236 square feed YoY (92,128 square feet QoQ)
Earnings: Tata Consultancy Services
InterGlobe Aviation: Rahul Gangwal, co-promoter of InterGlobe Aviation Ltd. has moved the Delhi High Court to seek enforcement of an arbitral award in his shareholder dispute with co-promoter Rahul Bhatia
Zee Entertainment Enterprises: NCLT made an error in not granting enough time to Zee for replying to Invesco Developing Markets Fund’s petition seeking an extraordinary general meeting of the company, NCLAT said. The NCLAT, however, has not specified the time Zee should be given. NCLT Mumbai is scheduled to resume hearing in the case today.
JSW Energy: The company has signed a contract with GE Renewable Energy for supply of 810 MW of onshore wind turbines for the company’s underconstruction pipeline of 2.5 GW of renewable projects in India. The supply of the turbines will start by the second quarter of CY2022.
Great Eastern Shipping Company: SBI Mutual Fund sold 8.44 lakh equity shares in the company via an open market transaction on October 6, reducing shareholding to 2.85% from 3.43% earlier.
Ratnamani Metals & Tubes: The company has received a new order of Rs 98 crore for the supply of carbon steel pipes from the domestic oil and gas sector, to be executed in 5 to 12 months.
IL&FS Transportation Networks: To sell stake in Warora Chandrapur Ballarpur Toll Road, an associate of the company, to Vishvaraj Infrastructure for Rs 12.25 crore. The sale is expected to be completed by January 31, 2022.
National Aluminium Co.: A patent has been granted jointly to Jawaharlal Nehru Aluminium Research Development and Design Centre and Nalco by Controller of Patent for an invention entitled "Determination of calcium in alumina hydrate, calcined alumina and process liquor.”
Oberoi Realty: Units booked in Q2 at 200 vs 45 YoY (39 QoQ); Booking value in Q2 at Rs 828.52 crore vs Rs 327.30 YoY (Rs 169.97 QoQ); Area booked in Q2 at 4,43,716 square feet vs 1,30,236 square feed YoY (92,128 square feet QoQ)
Earnings: Tata Consultancy Services
Stocks To Watch
Reliance Industries: Reliance New Energy Solar, a subsidiary of the company, has acquired REC Solar Holdings AS from China National Bluestar Co for an enterprise value of $771 million. REC Solar is one of the world's leading solar cell, panels and polysilicon manufacturer.
Tata Motors: Jaguar Land Rover Q2 FY22 retail sales continued to be constrained by the impact of the global semiconductor shortage on production, with wholesales for the period in line with July guidance. Retail sales were down 18.4% year-on-year at 92,710 vehicles Vs 1,13,569 vehicles. Wholesales totalled 64,032 units (excluding the China JV), down 12.8% YoY.
Tata Group stocks: Tata Sons emerged as the winning bidder of Air India. It made an offer of Rs 18,000 crore. The reserve price was Rs 12,906 crore. Tata Group will get 100% stake in Air India, including its wholly owned subsidiary Air India Express, and 50% in ground handling unit Air India SATS Airports Services Pvt.
Maruti Suzuki India: Total production in September down 51.06% to 81,278 units Vs 1,66,086 units last year.
GOCL Corporation: IDL Explosives, a subsidiary of company, has bagged order of Rs 592.45 crore from Coal India, for supply of bulk explosives, to be supplied over a period of 2 years.
Cadila Healthcare: Fortress Biotech partner company Cyprium Therapeutics, with support from its licensing partner Sentynl Therapeutics, has announced positive results from an efficacy and safety analysis of data integrated from two completed pivotal studies in patients with Menkes disease treated with CUTX-101, copper histidinate.
Jubilant Ingrevia: To acquire of 26.60% stake in AMP Energy Green Fifteen for Rs 5.11 crore. The acquisition is expected to be completed in six months. The company has acquired stake in AMP to put up solar power plant with capacity of 15.5 MW under captive scheme.
Gujarat Pipavav Port: Q2 container volume down 6.54% year-on-year at 157 TEUs versus 168 TEUs. Dry bulk volume up 52.74% at 1.39 MT Vs 0.91 MT.
Equitas Small Finance Bank: Provisional Q2 FY22 CASA Ratio at 45% compared to 40% in Q1. Total deposits up 6% at Rs 18,094 crore Vs Rs 17,095 crore. Gross Advances at Rs 18,981 crore Vs Rs 17,837 crore.
Adani Total Gas: The company has forayed into compressed bio-gas business. It has signed a definitive agreement with Shri Mataji Gauvansh Seva Sansthan for exclusively collaborating on the establishment of a bio-conversion plant with a design capacity of about 350 tonnes per day of feed processing at Mathura, Uttar Pradesh based on cattle dung as the primary biomass along with other biomass including napier grass, press mud, etc.
TCS: Board has approved the re-appointment of Rajesh Gopinathan as CEO and MD for a term of five years from February 21, 2022.
RITES: The company has named Rahul Mithal as Chairman and MD.
Gland Pharma: The company has received tentative approval from the U.S. FDA for Sugammadex Injection. The injection is used to reverse the effects of the muscle relaxants Rocuronium Bromide and Vecuronium Bromide given to patients during surgery.
Bank of Maharashtra: The bank has reduced Marginal Cost of Funds Based Lending Rate by 0.10% across tenors. The Repo Rate Linked Lending Rate has been revised from 6.90% to 6.80% w.e.f. October 11.
Earnings: Delta Corp, HFCL, Krsnaa Diagnostics, Ramkrishna Forgings, Saregama India, Tata Metaliks, Tinplate Company of India.
Reliance Industries: Reliance New Energy Solar, a subsidiary of the company, has acquired REC Solar Holdings AS from China National Bluestar Co for an enterprise value of $771 million. REC Solar is one of the world's leading solar cell, panels and polysilicon manufacturer.
Tata Motors: Jaguar Land Rover Q2 FY22 retail sales continued to be constrained by the impact of the global semiconductor shortage on production, with wholesales for the period in line with July guidance. Retail sales were down 18.4% year-on-year at 92,710 vehicles Vs 1,13,569 vehicles. Wholesales totalled 64,032 units (excluding the China JV), down 12.8% YoY.
Tata Group stocks: Tata Sons emerged as the winning bidder of Air India. It made an offer of Rs 18,000 crore. The reserve price was Rs 12,906 crore. Tata Group will get 100% stake in Air India, including its wholly owned subsidiary Air India Express, and 50% in ground handling unit Air India SATS Airports Services Pvt.
Maruti Suzuki India: Total production in September down 51.06% to 81,278 units Vs 1,66,086 units last year.
GOCL Corporation: IDL Explosives, a subsidiary of company, has bagged order of Rs 592.45 crore from Coal India, for supply of bulk explosives, to be supplied over a period of 2 years.
Cadila Healthcare: Fortress Biotech partner company Cyprium Therapeutics, with support from its licensing partner Sentynl Therapeutics, has announced positive results from an efficacy and safety analysis of data integrated from two completed pivotal studies in patients with Menkes disease treated with CUTX-101, copper histidinate.
Jubilant Ingrevia: To acquire of 26.60% stake in AMP Energy Green Fifteen for Rs 5.11 crore. The acquisition is expected to be completed in six months. The company has acquired stake in AMP to put up solar power plant with capacity of 15.5 MW under captive scheme.
Gujarat Pipavav Port: Q2 container volume down 6.54% year-on-year at 157 TEUs versus 168 TEUs. Dry bulk volume up 52.74% at 1.39 MT Vs 0.91 MT.
Equitas Small Finance Bank: Provisional Q2 FY22 CASA Ratio at 45% compared to 40% in Q1. Total deposits up 6% at Rs 18,094 crore Vs Rs 17,095 crore. Gross Advances at Rs 18,981 crore Vs Rs 17,837 crore.
Adani Total Gas: The company has forayed into compressed bio-gas business. It has signed a definitive agreement with Shri Mataji Gauvansh Seva Sansthan for exclusively collaborating on the establishment of a bio-conversion plant with a design capacity of about 350 tonnes per day of feed processing at Mathura, Uttar Pradesh based on cattle dung as the primary biomass along with other biomass including napier grass, press mud, etc.
TCS: Board has approved the re-appointment of Rajesh Gopinathan as CEO and MD for a term of five years from February 21, 2022.
RITES: The company has named Rahul Mithal as Chairman and MD.
Gland Pharma: The company has received tentative approval from the U.S. FDA for Sugammadex Injection. The injection is used to reverse the effects of the muscle relaxants Rocuronium Bromide and Vecuronium Bromide given to patients during surgery.
Bank of Maharashtra: The bank has reduced Marginal Cost of Funds Based Lending Rate by 0.10% across tenors. The Repo Rate Linked Lending Rate has been revised from 6.90% to 6.80% w.e.f. October 11.
Earnings: Delta Corp, HFCL, Krsnaa Diagnostics, Ramkrishna Forgings, Saregama India, Tata Metaliks, Tinplate Company of India.
11 - Capital Goods Sector Stocks
With PE Ratio of Above 50
1. Siemens 72.30
2. ABB 106.44
3. Thermax 62.83
4. Elgi Equip 51.97
5. V-Guard 51.09
6. ABB Pow 86.77
7. BEML 91.48
8. Triveni Turbi 54.17
9. GE T&D 54.69
10. Thejo Eng 57.93
11. Morga Crucib 86.12
TTM Ending 21-06
With PE Ratio of Above 50
1. Siemens 72.30
2. ABB 106.44
3. Thermax 62.83
4. Elgi Equip 51.97
5. V-Guard 51.09
6. ABB Pow 86.77
7. BEML 91.48
8. Triveni Turbi 54.17
9. GE T&D 54.69
10. Thejo Eng 57.93
11. Morga Crucib 86.12
TTM Ending 21-06
Stocks To Watch 12/10/2021
Adani Green Energy: Total Operational Capacity nearly doubled to 5,410 MW on YoY basis. Sale of Energy up by 61% YoY at 1,901 million units in Q2 FY22 versus 1,182 million units in Q2 FY21.
Tata Motors: Tata Motors Group global wholesales in Q2 FY22, including Jaguar Land Rover, were at 2,51,689 units, up 24% year-on-year. Global wholesales of commercial vehicles and Tata Daewoo range were at 89,055 units, up 57% YoY. Global wholesales of passenger vehicles were at 1,62,634 units, up 11% YoY. Global wholesales for Jaguar Land Rover were 78,251 units.
Ujjivan Small Finance Bank: Total deposits up 31% year-on-year at Rs 14,090 crore in Q2 FY22 compared to Rs 10,743 crore last year. CASA Ratio at 22% compared to 16% last year. Gross loan book up 4% at Rs 14,508 crore Vs Rs 13,890 crore.
PI Industries: The company has executed two joint venture agreements with Polymath Holdings, LLC for undertaking the business of manufacturing and selling the products for biochemistry processes and biochemical-enabled pharmaceutical intermediates.
Kaveri Seed Company: Closed buyback of equity shares on Monday. It has bought back 20.07 lakh shares, at an average price of Rs 597.50 per share, for an aggregate amount of Rs 119.94 crore.
Zee Entertainment Enterprises: In an open letter to the Zee Entertainment's shareholders, Invesco Fund has raised questions regarding its management, governance and value destruction.
TVS Group stocks: Competition Commission of India has approved internal restructuring of TVS Group.
HCL Technologies: The company has partnered with Google Cloud to launch healthcare and life sciences solutions for customers.
Welspun Enterprises: Appointed Sanjay Sultania as Chief Financial Officer of the company w.e.f. October 11.
Schaeffler India: Board of Directors will consider subdivision of equity shares on October 28.
Ugro Capital: Board to meet on October 14 to consider raising funds by way of issuance of non-convertible debentures through public issue.
Earnings: GM Breweries, JTL Infra
Adani Green Energy: Total Operational Capacity nearly doubled to 5,410 MW on YoY basis. Sale of Energy up by 61% YoY at 1,901 million units in Q2 FY22 versus 1,182 million units in Q2 FY21.
Tata Motors: Tata Motors Group global wholesales in Q2 FY22, including Jaguar Land Rover, were at 2,51,689 units, up 24% year-on-year. Global wholesales of commercial vehicles and Tata Daewoo range were at 89,055 units, up 57% YoY. Global wholesales of passenger vehicles were at 1,62,634 units, up 11% YoY. Global wholesales for Jaguar Land Rover were 78,251 units.
Ujjivan Small Finance Bank: Total deposits up 31% year-on-year at Rs 14,090 crore in Q2 FY22 compared to Rs 10,743 crore last year. CASA Ratio at 22% compared to 16% last year. Gross loan book up 4% at Rs 14,508 crore Vs Rs 13,890 crore.
PI Industries: The company has executed two joint venture agreements with Polymath Holdings, LLC for undertaking the business of manufacturing and selling the products for biochemistry processes and biochemical-enabled pharmaceutical intermediates.
Kaveri Seed Company: Closed buyback of equity shares on Monday. It has bought back 20.07 lakh shares, at an average price of Rs 597.50 per share, for an aggregate amount of Rs 119.94 crore.
Zee Entertainment Enterprises: In an open letter to the Zee Entertainment's shareholders, Invesco Fund has raised questions regarding its management, governance and value destruction.
TVS Group stocks: Competition Commission of India has approved internal restructuring of TVS Group.
HCL Technologies: The company has partnered with Google Cloud to launch healthcare and life sciences solutions for customers.
Welspun Enterprises: Appointed Sanjay Sultania as Chief Financial Officer of the company w.e.f. October 11.
Schaeffler India: Board of Directors will consider subdivision of equity shares on October 28.
Ugro Capital: Board to meet on October 14 to consider raising funds by way of issuance of non-convertible debentures through public issue.
Earnings: GM Breweries, JTL Infra
STOCKS in ACTION 13 oct
😀Tata Motors: Co To Raise $1b In Its Passenger Electric Vehicle Business At A Valuation Of Upto $9.1b From TPG Rise Climate
🙂Bhansali Engg Polymers: Good Results
🙂HCG: Good business updates
Astral Ltd long-term bank facilities receives upgraded ratings from CRISIL
🙂CL Educate liquidates land parcels, will deploy cash in Business
🙂Palred Technologies pTron launches Alexa built-in Portable Smart Speaker 'Musicbot CUBE' - Made in India
🙂Kreon Finnancial Services Limited board to consider rights issue on Oct 18, 2021
🙂Puravankara Ltd's subsidiaries launch new projects
🙂MMTC-PAMP strengthens presence in South India, aims for 20% business from this region by next fiscal
🙂Zen Technologies, Steel Exchange India To consider fund raising plan on October 16 & 15
🙂Power Grid: Approved Investment Approval For Setting Up Of Electric Vechile Charging Station In Navi Mumbai
🙂Happiest Minds Technologies: The company has entered into partnership with Tech4TH Solutions, a company incorporated in the U.S. Tech4TH provides digital services to worldwide companies in the Travel and Hospitality sectors
Bajaj Finserv: Trustee company under the name of Bajaj Finserv Mutual Fund Trustee Limited has been incorporated as a wholly owned subsidiary of the company
🙂Centrum Capital: Centrum, Bharatpe Consortium Gets Small Finance Bank License From RBI, New SFB Has Been Incorporated As Unity Small Finance Bank
🙂Power Finance Corporation: The government has granted Maharatna Status to the company.
🙂Reliance Industries: Reliance New Energy Solar leads series C financing round in German solar component maker NexWafe. RIL subsidiary will pump $29 million to accelerate product and technology development
🙂Precision Wires: Board Meeting On Nov 3 To Consider Q2 Results || Co To Consider Interim Dividend & Sub-Division Of Equity Shares
IndusInd Bank, Kotak Mahindra Bank: Both banks have received government approval to collect direct and indirect taxes
😀Tata Motors: Co To Raise $1b In Its Passenger Electric Vehicle Business At A Valuation Of Upto $9.1b From TPG Rise Climate
🙂Bhansali Engg Polymers: Good Results
🙂HCG: Good business updates
Astral Ltd long-term bank facilities receives upgraded ratings from CRISIL
🙂CL Educate liquidates land parcels, will deploy cash in Business
🙂Palred Technologies pTron launches Alexa built-in Portable Smart Speaker 'Musicbot CUBE' - Made in India
🙂Kreon Finnancial Services Limited board to consider rights issue on Oct 18, 2021
🙂Puravankara Ltd's subsidiaries launch new projects
🙂MMTC-PAMP strengthens presence in South India, aims for 20% business from this region by next fiscal
🙂Zen Technologies, Steel Exchange India To consider fund raising plan on October 16 & 15
🙂Power Grid: Approved Investment Approval For Setting Up Of Electric Vechile Charging Station In Navi Mumbai
🙂Happiest Minds Technologies: The company has entered into partnership with Tech4TH Solutions, a company incorporated in the U.S. Tech4TH provides digital services to worldwide companies in the Travel and Hospitality sectors
Bajaj Finserv: Trustee company under the name of Bajaj Finserv Mutual Fund Trustee Limited has been incorporated as a wholly owned subsidiary of the company
🙂Centrum Capital: Centrum, Bharatpe Consortium Gets Small Finance Bank License From RBI, New SFB Has Been Incorporated As Unity Small Finance Bank
🙂Power Finance Corporation: The government has granted Maharatna Status to the company.
🙂Reliance Industries: Reliance New Energy Solar leads series C financing round in German solar component maker NexWafe. RIL subsidiary will pump $29 million to accelerate product and technology development
🙂Precision Wires: Board Meeting On Nov 3 To Consider Q2 Results || Co To Consider Interim Dividend & Sub-Division Of Equity Shares
IndusInd Bank, Kotak Mahindra Bank: Both banks have received government approval to collect direct and indirect taxes
Positive Stocks
Tata motors
Reliance
Adani ports
Indigo, spicejet
PVR
PFC
HCG
Equitas
Negative Stocks
Zee Ent
Tata motors
Reliance
Adani ports
Indigo, spicejet
PVR
PFC
HCG
Equitas
Negative Stocks
Zee Ent