Here are stocks that are in the focus today:

IDBI Bank: RBI categorized IDBI Bank as a private sector bank for regulatory purposes with effect from January 21, 2019, consequent upon Life Insurance Corporation of India acquiring 51 percent of the total paid up equity share capital of the bank.

Tide Water Oil (India): Board declared 2nd Interim Dividend of 1700 percent (Rs 85) per ordinary share for the year 2018-19.

Tech Mahindra: Board approved the proposal to acquire 100 percent shareholding in K-Vision Co through its wholly owned subsidiary Mahindra Engineering Services (Europe). The enterprise value of the deal is $1.5 million.

Jubilant Foodwork: Delhi High Court stayed National Anti-Profiteering Authority (NAA) order against Jubilant Foodwork and the penalty proceedings subject to deposit of an amount of Rs 20 crore in the Central Consumer Welfare Fund within four weeks from the date of the order.

RBI categorized IDBI Bank as a Private Sector Bank for regulatory purposes with effect from January 21, 2019 consequent upon Life Insurance Corporation of India acquiring 51% of the total paid up equity share capital of the Bank.

NCLT approved the scheme of amalgamation of Explosoft Tech Solutions with AXISCADES Engineering Technologies

Emami: SAT passed an order accepting the appeal and quashing the order of the SEBI Adjudicating Officer imposing a penalty of Rs 8 lakh on R S Agarwal, Chairman of the company.

LGB Forge: R Ramakrishnan resigned as Chief Financial Officer of the company.

CMI: Company has been included as a vendor with few prestigious companies (Power Grid projects, Airport Authority of India, Mazgaon Dock Shipbuilders, Jawahar Lal Nehru Port Trust) in the 3rd quarter ending December 2018.

Ranjeet Mechatronics: Company received is a project for supply, installation, testing and commission of various equipment’s and items for fire fighting and gas flooding & fire suppression system works for the Airport Authority of India (AAI). The project value is Rs 11.56 crore.

Kapashi Commercials: Board recommended a bonus issue of equity shares in the ratio of three equity share of Rs 10 each for every two equity share of Rs 10 each held by the shareholders.

Infosys: gets shareholder approval for a share buyback and to reappoint Kiran Shaw as an independent director

RIL: Brookfield sponsored India Infrastructure Trust (InvIT) to acquire East-West Pipeline for Rs 13,000 crore

PNB: ICRA has upgraded the outlook to stable from negative as ICRA AA- on bonds

Mahindra & Mahindra Financial Services allotted NCDs worth Rs 13 crore

Corporate Bank revised MCLR rates w.e.f. March 15

Future Retail: CARE assigned a rating on NCD as CARE AA-, outlook stable, and reaffirmed CARE AA- on long term bank facilities

Future Supply Chain Solutions: CARE reaffirmed CARE AA- rating to the long term facilities (fund based), CARE A1+ to the short term bank facilities, and CARE AA- to the long term bank facilities – term loan

Essel Propack: Company redeemed commercial papers with a maturity date of March 14, 2019, amounting to Rs 35 crore.

Coal India: Board approved payment of 2nd Interim Dividend for the financial year 2018-19 at Rs 5.85 per share of the face value of Rs 10.

Ujjivan Financial Services: Board declared an interim dividend of 85 paise per share of Rs 10 each.

Essel Propack: Board appointed Ramesh Gupta as Additional Director.

IDBI Bank: ICRA reaffirmed its rating of Upper Tier II and Perpetual bonds to BBB+; whereas the outlook on these instruments has been removed from ‘Rating watch with developing implications’ and assigned a ‘negative’ outlook.

Strides Pharma Science: Bajaj Finance cuts stake in the company by 3.49 percent to 1.74 percent – CNBC-TV18.

Jubilant Foodworks: Promoter Jubilant Consumer Private Limited sold pledged shares of 39.59 lakh (representing 3 percent of total paid-up equity).

Poly Medicure: Company completed the 100 percent acquisition by acquiring the remaining 18 percent shares in Plan 1 Health s.r.l.

Trinity League India: Company approved to enter into Memorandum of Understanding with ‘2050.Digital’ Limited Liability company, based in Russia, regarding availing of logistical support and technological solution for verification of insurance claim in the agriculture sector.

Jindal Stainless: Abhyuday Jindal acquired 70,000 shares of the company.

Ujjivan Financial Services: Board declared an interim dividend of 85 paise per share of Rs 10 each.

HUL: Unilever announced the elevation of Sanjiv Mehta, Chairman and Managing Director of the company, as President of Unilever, South Asia and a member of the Unilever Leadership Executive (ULE).

GTPL Hathway: Promoter created a pledge on 5.62 lakh shares.

Chalet Hotels: Promoter Capstan Trading LLP created a pledge on 29.95 lakh shares, Raghukool Estate Development LLP on 33.95 lakh shares, Touchstone Properties & Hotels Pvt Ltd on 1.44 crore shares.

Sun Pharma: Promoter Shanghvi Finance Pvt Ltd created a pledge on 41 lakh shares.

Ramkrishna Forgings: Promoter Riddhi Portfolio Pvt Ltd released a pledge on 30,000 shares.

Get The Latest Stock Updates, Equity Tips, Share Market Tips, Stock Market Tips, Intraday Tips  Investelite Research

Leave a Reply