Top stocks in focus today: Bharat Financial, Dilip Buildcon, Bharat Electronics
Dilip Buildcon wins Rs5.65 bn National Highways Authority order.
Bharat Electronics approves 20.39mn share buyback at Rs182.5/share.
M&M signed share subscription agreement for 26% subscription in MITRA Agro Equipments.
United Bank of India approved the issue of shares worth Rs3,000cr to Government of India.
Tube Investments established global depository receipts (GDR) by signing agreement.
TVS Motor reported a 16% increase in standalone net profit at Rs154.3cr, for the third quarter ended December 31, 2017.
Adani Power has sought approval from the commerce ministry for setting up of a special economic zone for the power sector in Jharkhand, entailing an investment of Rs15,002cr.
SBI Life Insurance reported 20.9% growth in net profit during the third quarter, compared with the year-ago period, helped by an improvement in margins.
Star Shopping Centres is merging with Future Group’s primary retail infrastructure development unit, Future Market Networks, according to a BSE filing of the latter.
Mphasis aims to grow faster than the industry in 2018-19, after crossing a run rate of $1 bn in the third quarter of the current financial year, as it has started bagging an increasing number of deals in newer areas of business, as per media reports.
Idea Cellular gets shareholders’ nod for the issue of shares on preferential basis.
Syndicate Bank board meet on Feb 2 to approve revised capital plan pf bank from earlier Rs3500cr to Rs 3990cr through QIP/ Rights issue/ Follow on public offer.
NCC QIP closed today and issue price approved at Rs123.
Welspun Enterprises acquired 49% stake in the Project for Four laning of Chikhali – Tarsod (Package-IIA) section of NH-6 from km. 360 to km.422.700 from Vishvaraj Group for a consideration of Rs83.3mn.
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