@ALLiESFiN
Here are the stocks to watch in trade today:
Welspun Corp: In last one month, company has been awarded contracts for supply of 179 KMT of pipes for multiple projects on a global basis of which 161 KMT will be serviced from USA facility. The company’s order book stands at 1,459 KMT valued at approximately Rs 12,100 crore.
Dish TV: Care Ratings has cut ratings for the company’s banking facilities worth Rs 850 crore to CARE D from CARE A4+. Rating revised after the company defaulted in payment of short-term loan due on Nov. 28.
Axis Bank: Jairam Shridharan has resigned from the post of CFO. Bank said that it has started the succession plan. Jairam Sridharan’s notice period for 3 months.
Equitas Small Finance Bank approved issuance of 4.75 crore shares (4.51 percent) at Rs 52.68 per share aggregating to Rs 250 crore, by private placement to IIFL Group, High Conviction Fund and Trivantage Capital.
KNR Constructions has signed a concession agreement of HAM project with a bid cost of Rs 920 crore with NHAI.
ITC has acquired 11.15 percent stake in Delectable Technologies.
Punjab & Sind Bank: Board approved raising up to Rs 500 crore through QIP within a period of 12 months.
RSWM: Board to consider raising funds via issue of equity shares on Dec. 11.
Altico Capital has approved a cash distribution to all lenders in proportion to their respective overdue principal outstanding and interest accrued up to September 12. Company said it has defaulted in payment of obligations since September 12. (Bloomberg News)
MCX: Sanjay Wadhwa has resigned from the post of CFO with immediate effect.
Indian Oil Company and Can Fin Homes to list commercial papers on BSE for an issue size of Rs 4370 crore and Rs 300 crore, respectively.
8K Miles Software Services: Board has appointed K Gopal Rao as the new statutory auditor of the company. Company also approved setting up of wholly-owned arm in India for catering business pertaining to Healthcare IT.
Reliance Capital said that it has apprised the debenture holders of their legal position. Company has requested the debenture trustee to withdraw the proceedings initiated before the debt recovery tribunal and sought for a meeting of debenture holders to consider a resolution plan.
Mangalore Chemicals & Fertilizers: Vistra ITCL (Trustee for Zuari Agro Chemicals) increased its pledge from 41.55 percent to 50.55 in the company on Dec. 6.
Bank of India: Board approved issuance of 125 crore fresh equity shares via QIP and also approved raising Rs 10,000 crore via debt.
Goa Carbon Nov. Production up 7x at 15413.9 million tonne VS 2213.1 million tonne
Pokarna said that U.S. Department of Commerce has preliminarily determined anti-dumping duty of 2.62 percent on quarts surface products from company’s arm shipped to U.S. Company will take legal steps and said that it has not been engaged in dumping of quartz products in US.
Sagar Cements: Nov. sale down 23.46 percent at 241,195 million tonne vs 315,106 million tonne.
TTK Prestige aims to double turnover by FY24-25 (Financial Express)
KNR Construction received work order of Rs 165.7 crore from Hyderabad Municipal Corporation
NTPC has signed term loan of Rs 5,000 crore with SBI (PTI)
Dilip Buildcon received a completion certificate for EPC Project worth Rs 346.5 crore in Punjab.
Shailey Engineering Plastics said the GST authorities carried out search proceedings at the company's Rania Unit and the same has ended.
NBCC received government order worth Rs 621 crore in New Delhi where the company will work a project management consultant.
Allahabad Bank: Board approved raising Tier 2 capital of the Bank by raising bonds up to Rs 1,500 crore.
Oriental Bank of Commerce has reduced MCLR across various tenors with effect from Dec. 10. One Month MCLR at 7.75 percent and One Year MCLR at 8.3 percent.
Pledged Shares (As On Dec. 6)
Adani Ports & SEZ promoter SB Adani Family Trust revoked pledge of 62.6 lakh shares on Dec. 5
Reliance Capital: promoters released pledge of 83 lakh shares on Dec. 5
By: via @AlliesFin Serve T.ME/ALLiESFiN
