Nifty futures on the Singapore Exchange traded 94 points, or 0.57 per cent higher at 16,589, signaling that Dalal Street was headed for a positive start on Tuesday. Here are a dozen stocks which may buzz the most in today’s trade:
Aptus Value Housing,
: The housing financier Aptus Value Housing Finance and plastic product player Chemplast Sanmar will make their Dalal Street debut today. However, the duo is expected to make a tepid listing on the bourses, as suggest by the grey market premium and a flop shop by Nuvoco Vistas previous day.
Suzuki: Competition Commission of India (CCI) imposed a penalty of Rs 200 crore on Maruti Suzuki for restricting discounts offered by its dealers and directed the country’s largest car maker to cease and desist from indulging in unfair business practices.
Vedanta: Billionaire Anil Agarwal’s flagship company said it has made a natural gas discovery in a block in Gujarat that it had won in the open acreage licensing policy (OALP) round. The approval of the management committee has also been sought.
Eicher Motors: The royal enfield maker said it has ‘unanimously’ decided to re-appoint Siddhartha Lal as Managing Director of the company with effect from May 1, 2021, with changes in his remuneration package, a week after the company’s shareholders rejected the proposal.
Teclos: Troubled Vodafone
continued to lose mobile subscribers in June, ceding fresh ground to rivals Jio and which added 54.6 lakh and 38.1 lakh customers, respectively, in the fiercely-competitive Indian telecom market, according to monthly data by TRAI.
NMDC: State-owned iron-ore major is aiming at commissioning its steel plant in Chhattisgarh by early Q4 (January-March 2022) and the company has started the filing process with stock exchanges and SEBI for its demerger, an official said.
Canara Bank: The state-owned lender closed its QIP, garnering a total of Rs 2,500 crore equity capital in the issue. Last week, the bank had launched the qualified institutions placement (QIP), setting the floor price at Rs 155.58 per equity share.
Mills: The sugar firm bought back 6.76 lakh shares from eligible shareholders for an amount of about Rs 24.10 crore. The company purchased back the shares at an average price of Rs 356.34 per share.
Indian Hotels Company: The Tata Group hospitality arm said its board has approved raising of up to Rs 3,000 crore through a rights issue. The board of directors of the company has considered and approved the issues of equity shares by way of a rights issue to the existing shareholders of the company.
Quess Corp: The business services provider said it has signed an agreement with the Association of Healthcare Providers India (AHPI) to provide training and staffing services for healthcare professionals.
Indian Energy Exchange: The energy marketplace said about 2,744 million units (MU) of renewable energy have been traded on its Green Term-ahead Market (GTAM) since its launch in September last year. Of the total, 1,267 MU were traded in the solar segment, and 1,477 MU in the non-solar segment, the
Punjab & Sind Bank: The state owned lender said it has set off accumulated losses of over Rs 3,577 crore against the share premium account of the bank. The bank had obtained approval of shareholders in its AGM in July to set off the accumulated losses from the share premium account.
IIFL Wealth Management: The financial services firm said it has appointed Anshuman Goenka as the head of private equity business. Goenka will work towards identifying new growth opportunities for the business in the unlisted space.
Rattanindia Enterprises: The electric utility firm said it will set up a wholly-owned subsidiary to enter drone business in the country. RattanIndia Enterprises, which is part of RattanIndia Group, is focused on businesses with cutting edge technologies which have the potential to transform the lives of people, as per its website.
BNK Capital Markets: The promoter of the company, BNK Securities Pvt Ltd, exited the firm by selling its entire shareholding of nearly 13 per cent through an open market transaction. According to the block deal data on BSE, BNK Securities sold 12,73,781 shares it held in the firm for Rs 200 apiece. This took the total deal value to Rs 25.47 crore.
Jaiprakash Associates: The crisis-hit infrastructure firm said it has tied up with Gulshan Homz and CRC for completing 619 luxury apartments in Noida, Uttar Pradesh.