Here are stocks that are in the focus today:
Bank of India: Compensation cum Allotment Committee (CCAC) of the bank approved the allotment of 6,25,52,188 equity shares to eligible employees under Bank of India — Employee Share Purchase Scheme (BOIESPS). Accordingly, the bank has raised a fresh capital of Rs 660.80 crore through B01-ESPS scheme.
Reliance Infrastructure: BC Patnaik, representative of Life Insurance Corporation of India (LIC) has been approved by the board for appointment as a Non Executive Director in place of Shiv Prabhat.
Jet Airways: An additional three aircraft have been grounded due to non-payment of amounts outstanding to lessors under their respective lease agreements.
KNR Constructions: Company bagged Hybrid Annuity Project (HAM) with a bid project cost of Rs 920 and 1st year operation & maintenance cost of Rs 3 crore from National Highways Authority of India (NHAI) in Tamil Nadu.
Satin Creditcare Network: Promoter Taco Consultants Private Limited released a pledge on 1.6 lakh shares (representing 0.32 percent of paid-up equity) and Parinita Investments Private Limited also released a pledge on 1.6 lakh shares of the company.
Apex Frozen Foods: CRISIL reaffirmed its long term rating on bank loan facilities of Rs 114.77 crore at A-/Stable.
Indo Us Bio-Tech: Board approved the issue of bonus shares.
LT Foods: SBI Mutual Fund cut stake in the company by 1.09 percent to 2.53 percent.
Avadh Sugar & Energy: Company has carried out the redemption of 2,43,50,000 8.50% unlisted non-convertible cumulative redeemable preference shares of Rs 10 each.
Piramal Enterprises: CARE assigned credit rating for short term non-convertible debentures.
Sadbhav Infrastructure Project: Sadbhav Kim Expressway Private Limited (SKEPL), a wholly owned subsidiary of the company has submitted draft financing documents to NHAI in relation to financial closure.
Reliance Industries: RIL enters into MOU with NMSEZ – First Integrated Industrial Area to implement the fourth industrial revolution.
The Investment Trust of India: Board accorded in-principle approval for proposed amalgamation of ITI Reinsurance Limited with the company
subject to: (a) obtaining approval, if required from the IRDAI; (b) on completion of proposed Buyback by ITI Reinsurance Limited and (c) on ITI Reinsurance Limited became a wholly owned subsidiary of the company.
BLS International Services: Company has been signed up by the Embassy of Vietnam to accept visa applications in India.
Zensar Technologies: Zensar selected as IT transformation partner by Vyaire Medical, US.
Lupin: Company receives FDA approval for Atorvastatin Calcium tablets USP, which is used to lower cholesterol in the blood.
Shashijit Infraprojects: Company received a project from Western Zonal Assembly Mumbai Diocese of the Mar Thoma Church for construction of school building in Vapi, Gujarat. The project cost would be around Rs 3.80-3.90 crore.
Tata Coffee: Subsidiary Tata Coffee Vietnam Company unveiled its state-of-the art freeze dried instant coffee production plant at Binh Duong province of Vietnam.
Infosys: Company to deliver engineering and digital services to Rolls-Royce Group.
KNR Constructions: Company bagged an order worth Rs 135 crore from Karnataka Road Development Corporation for the work of ‘development of road Kanchugaranahalli to Jigani via Harohalli and Urgandoddi of Bidadi – Harohalli road in Bengaluru’ project in Karnataka.
Tata Motors – JLR February sales: JLR sales fall 4.1 percent to 38,288 units YoY. Land Rover sales drop 8.1 percent to 26,053 units while Jaguar sales rise 5.8 percent to 12,235 units.
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