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Stocks in the news: RIL, JSW Steel, ICICI Bank, Cipla and Bank of Baroda – Economic Times

Nifty futures on the Singapore Exchange traded 30 points, or 0.19 per cent lower at 15,804, signaling that Dalal Street was headed for a negative start on Tuesday. Here are a dozen stocks which may buzz the most in today’s trade:

Reliance Industries: Altigreen, an electric commercial vehicle maker backed by Mukesh Ambani’s conglomerate in collaboration with last-mile delivery service provider Vidyut Parivahan on Monday inaugurated its EV service centre at Wagholi in Pune.

ICICI Bank: The private lender will maintain its strong market position and market capitalisation over the next 12-18 months, S&P Global Ratings said and affirmed its long-term issuer credit rating ‘BBB-‘ with a stable outlook.

The pharma firm has agreed to acquire an additional stake for nearly Rs 26 crore in digital tech company GoApptiv Private to raise its shareholding to 22.02 per cent. The investment will be made in equity shares and Compulsorily Convertible Preference Shares and is likely to be completed within 30 days.

JSW Steel:
Moody’s Investors Service said it has upgraded the steel maker’s Corporate Family Rating (CFR) to Ba1 from Ba2. At the same time, Moody’s has changed the ratings outlook on and Periama Holdings LLC to ‘stable’ from ‘positive’.

Bank of Baroda:
The public sector lender said it will raise Rs 5,000 crore by issuing long-term infrastructure bonds. The board of directors in its meeting held on Monday approved the proposal of issuing long-term bonds for financing infrastructure projects and affordable housing worth to the tune of Rs 5,000 crore.

Star Health and Allied Insurance: The recently listed health insurance company has signed a corporate agency agreement with

, for distribution of its health insurance solutions to the bank’s customers.

Brigade Enterprises: The realty firm said it has entered into an agreement to develop a housing project in Chennai with an estimated revenue of Rs 1,500 crore over the next five years. The company has signed a Joint Development Agreement (JDA) to develop around 2.1 million square feet in Chennai.

Aurobindo Pharma:
The drug maker said it has received a warning letter from capital markets regulator Sebi for non-disclosure of details related to an ongoing audit of one of its manufacturing units in Hyderabad and observations made by the US Food and Drug Administration (USFDA).

Poonawalla Fincorp: Two individuals offloaded shares of the NBFC worth Rs 105 crore through open market transactions. According to the block deal data available with BSE, Sanjay Chamria and Mayank

sold a total of 43,79,793 shares of at an average price of Rs 240 apiece.

TTK Prestige:
The household appliance maker said it will acquire a majority 51 per cent stake in Ultrafresh Modular Solutions, a move which will help the leading kitchen appliances company into the fast-growing modular kitchen solutions segment.

Bilcare: The healthcare technology company said the board has appointed Shreyans Bhandari as Additional Director and Chairman & Managing Director of the company. He is the son of Mohan Bhandari, earlier Chairman and MD, who is now appointed as Chief Executive Officer.

Edelweiss Financial Services: The financial firm the announced that credit rating agency ICRA has re-affirmed the Credit Rating of ICRA-A+ to the Retail NCD programme and has upgraded the outlook from Negative to Stable. The upgrade in the outlook reflects the stable financial performance, sustained debt reduction and strong fundamentals.

Sterling Tools: A subsidiary of the fasterner company Sterling Gtake E-mobility (SGEM) forayed into E-LCV segment. With this development, SGEM continues to grow its presence across various E-mobility segments. Starting with supplies to a single Electric 2W customer a year back, the company now has confirmed orders from more than 10 customers.

Mishtann Foods:
Riding the success of its new launches, the FMCG firm is launching a new variant in salt in the form of salt crystals which has several nutritional benefits on the auspicious occasion of ‘Rath Yatra’ on 1st July 2022.

Indian Card Clothing: The textile firm said the board has declared special interim dividend of Rs 25 per share on face value of Rs 10 each for the financial year 2022-23. The board has also given approval for acquiring balance 40 percent equity stake in Garnett Wire, UK – foreign subsidiary of the company, from the Joint Venture Partner – Joseph Sellers & Son.