Top stocks in focus today: Tata Motors, HDFC, Navkar Corp, Bank of Maharashtra
NBCC secured Rs314.8cr business orders in December, which included a contract for construction of border fence and road along Indo-Bangladesh border in Meghalaya amounting Rs215.77cr at a PMC fees of 7%.
Tata Motors JLR U.S. sales down 9% year-on-year to 11,394 units in Decembers 2017. For the full year 2017, JLR U.S. sales reached 114,333 units, up 9% year-on-year.
Ashish Kacholia bought 10 lakh shares or 0.7% stake in Navkar Corporation on Wednesday, bulk deal data on the NSE website showed. Kacholia bought the shares at Rs187 apiece.
SJVN has announced a share buyback proposal. The board will consider the proposal on January 8.
HDFC Ltd said its third quarter profit on the sale of investments stood at Rs5,270cr compared to Rs3cr a year ago.
HPCL says ONGC may pay Rs45,000cr (45% premium to market cap) for company’s stake.
The Board of Bank of India at its meeting held on January 3, has approved the proposal of raising equity capital up to Rs650cr by way of preferential allotment in favor of Government of India.
Aurionpro Solutions said that its subsidiary Cyberinc has entered into a definitive agreement with KPMG LLP, USA, for sale of its Identity and Access Management (IAM) business. The transaction is expected to close on January 31.
Lakshmi Vikas Bank announced that the capital raising committee has approved the allotment of 6,39,87,006 equity shares of Rs10 each at a price of Rs122 per equity share aggregating to Rs780.64cr issued on a rights basis.
KM Sugar Mills has sold its 7.30cr number of equity shares (73% stake holding) of KM Energy, subsidiary of the Company. KM Energy ceases to be subsidiary of the company.
Centrum Capital Board approves issue of convertible warrants upto Rs300cr to BG Advisory Services forming part of promoter group. Board also approves raising of funds upto Rs750cr via issuing securities.
Hindustan Foods starts commercial production of pest care products for supplying to Reckitt Benckiser.