2021-09-16 04:54:28
Here are the stocks to watch in trade today:
• Hindustan Copper: Government plans to sell 10% of the company's equity through an Offer for Sale. The initial plan is for the sale of 4.83 crore shares or 5% of the total equity with a green shoe option to sell another 4.83 crore shares or 5% of the total equity. The floor price of Rs 116 per share is at a 6.82% discount to Wednesday's closing price. The OFS opens for non-retail investors today and for retail investors tomorrow.
• Coal India: Plans to offer 15 mines to developers to raise output by a combined 160 million tones per year, Chairman Pramod Agrawal said. The company is also executing 35 connectivity projects, including railway lines, at a total cost of Rs 11,500 crore ($1.6 billion) to help transport 414.5 million tons of a coal a year.
• Tata Group stocks: Tata Sons has submitted a financial bid for Air India. Further, Tata Sons’ Chairman N Chandrasekaran rejected news reports that claimed the company is considering a revamp of its leadership structure. “No leadership structural changes are on the anvil, as speculated in certain sections of media,” he said.
• SpiceJet: Owner Ajay Singh has bid for Air India in his personal capacity, according to a Bloomberg report.
• Telecom stocks: The union cabinet has approved a relief package for telecom industry. Telecom Minister Ashwini Vaishnaw announced measures on AGR, spectrum, foreign direct investment and a moratorium on dues to the government. Together, these will give the companies a financial breather even as they make efforts to increase pricing and improve average revenue per user.
• Wipro: The company received multi-year IT managed services contract from Kuala Lumpur- headquartered Maxis Broadband Sdn Bhd, a leading converged solutions provider.
• Infosys: The company has collaborated with SAP to provide Business Process Transformation-as-a-Service to enterprises.
• Fineotex Chemical: The company has entered into a strategic collaboration with Eurodye-CTC, Belgium, to commercialise specialty chemicals for the Indian market.
• JSW Energy: JSW Renew Energy Two, a project SPV formed by JSW Future Energy (100% subsidiary of JSW Energy) has signed Power Purchase Agreements with Solar Energy Corporation of India for the cumulative contracted capacity of 450 MW awarded against Tariff based Competitive bid invited by SECI.
• CEAT: Shareholders have approved issuance of NCDs up to Rs 500 crore on private placement basis.
• NLC India: Allotted 10,000 Commercial Papers of Rs 5 lakh each aggregating to Rs 500 crore on September 15.
• Srei Infrastructure Finance: Rakesh Bhutoria has resigned as CEO effective from closing hours of September 15. Bhutoria resigned to explore alternative sectors. His resignation was also considering the salary payment issues arising out of the Trust and Retention Account operationalised by the bankers impacting team morale
• HG Infra Engineering: The company has received the letter of award from National Highways Authority of India for two HAM projects.
• HealthCare Global Enterprises: Care Ratings has upgraded the rating of the long-term bank facilities of the company to A/Stable from A-/Stable.
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