Friday, July 12, 2024
Home News Stocks to Watch: RVNL, BEL, HAL, Campus Activewear, Vedanta, PNB, IT cos

Stocks to Watch: RVNL, BEL, HAL, Campus Activewear, Vedanta, PNB, IT cos

 

Value benchmark records are probably going to open on a muffled note on Friday following shortcoming in Asian business sectors. As shown by SGX Clever, which was at 17,055 level, the Clever record could open somewhere near around 30 focuses.

Stocks to Watch:

US markets rallied overnight after Treasury Secretary Janet Yellen assured that measures would be taken to keep deposits safe in the banking system. The Dow Jones, Nasdaq Composite and the S&P 500 rose up to 1 percent each.

 

Asia-Pacific markets, however, were down this morning with the Nikkei 225, Topix, Kospi, Kosdaq and S&P 200 indices down up to 0.8 per cent.

 

Meanwhile, here are some stocks to watch in today’s trading:

 

Hindustan Aeronautics: Government will exercise greenshoe option to sell additional 1.75 per cent stake in the company as the offer for sale was subscribed 4.5 times its base size. The issue will open for retail investors on Friday.

it stock: Accenture reported second-quarter revenue of $15.81 billion, beating its guidance of $15.2-15.75 billion. It has reduced FY23 guidance to 8-10 per cent from 8-11 per cent. The company announced that it would lay off 19,000 people, or 2.5 percent of its workforce, due to wage inflation and streamlining costs. It expects severance costs of $1.2 billion.

campus activewear: TPG is said to sell 7.62 per cent stake in Campus Activewear for Rs 800 crore through a block deal at Rs 345 per share today. CNBCTV-18,

ReliancePiramal Realty, the real estate arm of the Piramal Group, has partnered with Jio-BP (JV between RIL and BP) to set up EV charging stations in its residential developments. The partnership is to provide world-class EV charging solutions across Piramal’s residential projects in Mumbai.

Ather Industries: The company said it has signed a preliminary agreement with the Gujarat government to set up a new manufacturing plant at its Panoli site with an investment of about Rs 1,000 crore.

 

Canara Bank: Canara Bank completed the sale of its 40 per cent stake in Commercial Indo Bank (CIBL) to State Bank of India for Rs 121.3 crore.

 

Bajaj Hindustan Sugar: Bajaj Hindustan Sugar on Thursday said it has acquired two companies — Phenyl Sugars Ltd (PSL) and Bajaj Power Ventures Pvt Ltd (BPVPL) for Rs 800 crore.

 

Vedanta: Vedanta’s board will consider payment of 5th interim dividend for FY23 on March 28.

 

PNB: PNB’s board will meet on March 29 to consider raising funds for FY24 through Tier-I and Tier II bonds in addition to Basel III.

 

LIC: The Bureau of Financial Services Institutions has recommended Siddhartha Mohanty for the post of chairman in Life Insurance Corporation of India. Mohanty is currently the acting chairman of LIC.

IDFC First Bank: The board has approved the allotment of 37.75 crore shares of Rs 58.18 each to IDFC Financial Holding Company, a wholly owned subsidiary, on a preferential basis through private placement, taking the latter’s stake in the bank to 39.99 per cent.

 

lupineCompany: Intercept Pharmaceuticals, Inc. Has received provisional approval from the US FDA to market Obeticholic Acid Tablets, the generic equivalent of Key’s Ocaliva® Tablets.

 

Rail Vikas NigamLOA for upgradation of Sarkhej-Changodar section of NH-8A (New NH-47) to six-lane with paved shoulder for Ahmedabad-Bagodra-Rajkot road on EPC mode in Gujarat to 40:60 JV of Rachna Construction and RVNL have received. The cost of the project is Rs 252.21 crore.

 

Bharat ElectronicsDefense Ministry has signed two contracts worth Rs 3700 crore with Bharat Electronics for the supply of Medium Power Radars and Digital Radar Warning Receivers (RWR) for the Indian Air Force.

 

Tata Steel: The company acquired the remaining 24 per cent stake in subsidiary Tata Steel Advanced Materials from Tata Steel Downstream Products for approximately Rs 17.33 crore.

IRCTC: IRCTC has signed an MoU with Uttarakhand Civil Aviation Development Authority (UCADA) for a period of 5 years to provide helicopter ticket booking service on behalf of UCADA to the pilgrims of Shri Kedarnath Dham.

 

Astec Lifesciences: The production activity at the company’s unit located at MIDC Mahad, Birwadi Industrial Area, Raigarh – Maharashtra has commenced operations with effect from Thursday, March 23.

 

Nibe: The company has acquired the remaining 50 per cent stake in indigenous casting technology upon obtaining NOC from MIDC along with all its assets and liabilities.

 

Indiabulls Housing Finance: The company allotted 9.16 lakh non-convertible debentures in the public issue to raise Rs 91.65 crore.

 

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