NEW DELHI: Nifty futures on the Singapore Exchange traded flat at 12,243, indicating a tepid start for Dalal Street. Here are a few stocks which may buzz the most in today’s trade:
Lakshmi Vilas Bank: The bank appointed S Sundar as its interim managing director & CEO. Sundar was the bank’s chief financial officer who resigned on Tuesday.
Adani Green Energy: The company said it has commissioned a 75-megawatt (MW) wind power project in Gujarat.
Prince Pipes and Fittings: Promoters have repaid Rs 200 crore loan in escrow and there is no pledge or encumbrance on shares, the company said in a release on Tuesday.
JSW Steel: The company said it has completed the acquisition of Vardhman Industries Ltd (VIL) by infusing Rs 63.50 crore into the debt-ridden company.
PTC India: The company has been selected as an aggregator for purchasing 2,500 MW of power from stressed coal-based energy plants under a central scheme.
Tata Motors: Managing director Guenter Butschek expects the company to turn around in fiscal 2021 after underperforming the market this year, as he bets on a leaner cost structure, a pipeline of over a dozen products.
YES Bank: Care Ratings downgraded YES Bank’s infrastructure bonds, lower tier II bonds and Tier II bonds totaling Rs 16,430.60 crore to Care A from CARE A+, and assigned a negative outlook.
Ircon International: State-owned engineering and construction firm Ircon International said it has entered into a pact with BEML to explore and address opportunities in the overseas market.
State Bank of India: The bank plans to float a distressed asset fund in the new year and will be roping in a global partner to raise money from international investors.
ICICI Bank: The bank is planning to challenge the order of the High Court of Telangana that stayed its plea in the debt recovery tribunal against Karvy Stock Broking.
Adani Power and NTPC: The two companies are in the race to acquire a 1,260 megawatt thermal power plant of Gautam Thapar’s Avantha Group, a stressed project undergoing resolution as per the IBC.
D-Mart: Founder Radhakishan Damani has bought an 8.8-acre land parcel in Mumbai’s Borivali from CCI Projects for over Rs 500 crore.
Source: Economic Times
