Top stocks in focus today: Tata Steel, NBCC, Bhushan Steel, Aurobindo
NBCC says letter of approval from the Government of Assam for construction of Twin Tower Trade Centre at Guwahati, Assam amounting Rs2,000cr.
Tata Steel completes completion of 74% stake in Bhubaneshwar Power for Rs255cr.
Singapore Telecommunications Limited or Singtel, will invest Rs2,649cr in Bharti Telecom Limited, the promoter company of India’s largest carrier Bharti Airtel, through a preferential allotment of shares.
Jaiprakash Power Ventures has offered its Nigrie power project to NTPC for acquisition, while State Bank of India has proposed stake sale in three stressed plants of Bajaj Lalitpur, Jaypee Infratech and Jindal India Thermal to the state-run firm, as per media reports.
Cera Sanitaryware to further explore the proposal to hike stake in Dubai arm.
Info Edge clarifies that Alipay Singapore has acquired 32,629 shares in Zomato.
Mangalam Organics to buyback 6.10 lakh shares (6.74% equity) at Rs230 each.
Adani Power has sought approval from the commerce ministry to set up a special economic zone for the power sector in Jharkhand, entailing investment of Rs150.02 bn, as per media report.
Aegis Logistics board has recommended to pay Rs0.5 per share interim dividend.
https://www.bonazcapital.com/free-trial/Aurobindo Pharma has got an approval from US Food and Drug Administration for Niacin in 500-mg, 750-mg and 1-gm strengths.
Avenue Supermarts has completed the acquisition of 43.55 mn shares of Avenue E-Commerce at Rs11.30 apiece, for Rs492.12 mn.
Bhushan Steel stock in focus today as JSW Steel and Piramal Enterprises will be bidding jointly for the company, the stressed asset put up for sale under the Insolvency and Bankruptcy Code, as per media report.
Blue Star stock in focus today as HDFC Trustee Co, through various schemes of HDFC Mutual Fund sold 1.5 mn shares or 2.1% stake in the company through open market on Thursday.
Cosmo Films has commissioned its second cast polypropylene and fourth metalized film line at its Vadodara plant.
Force Motors January domestic sales of small commercial vehicles and light commercial vehicles were at 1,333 units, while those of utility vehicles, sports utility vehicles and tractors were at 1,141 units.
GAIL India has placed a Rs4.4 bn order for laying around 350 km of pipeline from Vijaipur in Madhya Pradesh to Auraiya in Uttar Pradesh.
GMR Infrastructure subsidiary GMR Airports has entered into an agreement to buy 11% stake in GMR Hyderabad International Airport from Malaysian Airports Holding Berhad and its subsidiary MAHB (Mauritius) for around $76 mn.
Sintex Plastics to issue warrants to promoters aggregating to Rs600 Cr.