Stocks in the news: Harsha Engineers, BPCL, Coal India, Redington India and Britannia
Nifty futures on the Singapore Exchange traded 170 points, or 0.98 per cent lower at 17,162, signaling that Dalal Street was headed for a negative start on Monday. Here are a dozen stocks which may buzz the most in today’s trade:
Harsha Engineers International: The largest manufacturer of precision bearing cages is scheduled to make its Dalal Street debut on Monday as the company raised Rs 755 crore via its initial stake sale by selling shares in the range of Rs 314-330 crore between September 14-16.
Bharat Petroleum Corporation: The state-owned oil marketing firm said it has signed an agreement with Brazilian national oil company Petrobras for sourcing crude oil from the Latin American nation as part of plans to diversify its sourcing needs.
imports a large volume of crude oil which is turned into fuel at its three oil refineries.
Britannia Industries: The board of directors of the FMCG major has elevated Varun Berry to Executive Vice-Chairman and Managing Director of the company, and appointed Rajneet Kohli as Executive Director & Chief Executive Officer, with immediate effect. Rajneet Kohli will report to Varun Berry.
: The state-owned coal miner will sign agreements with three public sector enterprises — Bharat Heavy Electricals (
), (IOCL) and (India)– in order to set up four surface gasification projects.
Redington India: Apple’s newest phone iPhone 14 will be made in India as the global tech
bets big on the manufacturing prowess of the world’s second-biggest smartphone market after China. The made-in-India iPhone 14 will begin to reach local customers in the next few days.
: The promoter of agrochemicals company offloaded 10 lakh shares of the firm for Rs 315 crore through open market transactions. The shares were picked up by a clutch of domestic mutual funds (MFs), foreign investors and an insurance company.
Sterlite Technologies: Mihir Modi has tendered his resignation as Chief Financial Officer and key managerial personnel of the IT company. He will be relieved from his duties with effect from October 15.
Embassy Office Parks REIT: Blackstone will sell a stake worth up to $400 million in Embassy Office Parks REIT, India’s biggest real estate investment trust, via block deals, and Abu Dhabi’s sovereign wealth fund is likely to pick up at least half of the stake that Blackstone is to sell, reported Reuters.
: The non-banking finance company has raised Rs 40.35 crore through its non-convertible debentures issue. The board members have approved an allotment of 402 non-convertible debentures of face value of Rs 10,03,924 each with a maturity on April 1, 2024, on a private placement basis.
: The fintech & payment infrastructure company has consolidated its international business to aggressively tap and expand its global digital payment gateway infrastructure market. It plans to increase its global play in the digital payments space by going aggressively with its flagship brand CCAvenue.
Goa Carbon: The industrial machinery firm said the board of directors will meet on September 29 to consider raising of funds through issue of equity shares to the existing equity shareholders. The fund raising will be through rights issue.
: The pharmaceutical company has completed its sale of 19.97 per cent equity shares in Optimus Drugs to Sekhmet Pharmaventures. Accordingly, it has received payment towards completion of sale of first tranche.
: The state run utility firm said its board has approved raising Rs 1,200 crore via a rights issue of 240 crore shares. The Securities Issue Committee of the Board. at its meeting approved the rights issue. The company will raise Rs 1,200 crore through issuance of 240 crore shares with face value of Rs 2 each at an issue price of Rs 5 per share.
: The specialty chemical company has resumed its operations at its Mahad plant in Maharashtra. It will continue to increase the capacity utilisation in next few weeks. The plant was shut down for 21 days to undertake maintenance activities.
SM Gold: Vikasa India EIF I Fund-Incube Global Opportunities has picked up 51,000 equity shares in the BSE listed jewellery company at an average price of Rs 40.15 apiece, transaction is valued at about Rs 20.5 lakh, the bulk deal data from the bourses showed.
A Infrastructure: The cement company has received letter of intent from MP Industrial Development Corporation for allotment of 1.01 lakh square meters land. It will be setting up a large manufacturing unit.
GG Engineering: Uttam Kumar has resigned as Chief Financial Officer of the motor and generator manufacturing company, citing personal and unavoidable circumstances.
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