India Daybook – Stocks in News
UltraTech Cement: Commissioning 1.9 MTPA greenfield clinker-backed grinding capacity at Pali, Rajasthan. (Positive)
Reliance Ind: Heads Up Ventures enters into a pact with Reliance Retail to sell its products (Positive)
Tata Motors: Board approves partial divestment of the company’s investment in Subsidiary Tata Technologies through IPO route (Positive)
HDFC: BSE & NSE give in-principle approval to merger with HDFC Bank (Positive)
Delta Corp/Nazara Tech: GoM report on online gaming, casinos and race courses unlikely to be taken up in the upcoming council meeting (Positive)
Bank of Baroda: Board approved divestment of holding in Nainital Bank (Positive)
TVS Motor: Plans to launch Euro-5 two-wheelers in Turkey (Positive)
Gold Loan NBFCs: Gold prices pierced and sustained above $1800/oz (Positive)
Oil upstream stocks: Brent again crossed $80/barrel on supply risks amid ongoing Keystone outage (Positive)
PEL: Piramal Capital acquired 100% stake in PRL Agastya for Rs 90 cr (Neutral)
Yes Bank: Board approves allotment of shares & warrants to Carlyle Group & Advent Intl (Neutral)
Patel Engineering: Company to consider fund raise via Rights Issue on December 16 (Neutral)
Adani Transmission: Says incorporates unit Adani Cooling Solutions (Neutral)
IFB Industries: The company has received approval from board of directors for investment of up to Rs 97 crore in equity issue of IFB Refrigeration in one or more tranches. (Neutral)
Axis Bank: The private sector lender has received board approval for allotment of 12,000 non-convertible, Basel III compliant Tier II bonds (Neutral)
Sagar Cement: Company to consider a draft scheme of amalgamation for the proposed merger of its wholly-owned subsidiary Jajpur Cements with itself (Neutral)
Paytm: Board approves Open Market share Buyback up to Rs 850 cr at max Rs 810/share.
Bayer Crop: Company temporarily discontinued operations at crop protection formulations plant at Himatnagar
Oil downstream stocks: Brent again crossed $80/barrel on supply risks amid ongoing Keystone outage
By: via Allies Fin Serve Stock Market
