HERE ARE THE STOCKS IN FOCUS TODAY 25-09-2020
TCS: The company bagged an order from fashion apparel retailer Maurices for digital services.
ONGC: The company to soon resume operations in the Hazira plant after the fire.
RITES: The company received a turnkey contract for the construction of road over bridges for Rs 205.85 core.
Mahindra & Mahindra: The company raised a stake in Sampo Rosenlew to 74.97 percent from 49.14 percent.
Nippon Life: The company received a joint mandate to manage the Post Office Life Insurance Fund and Rural Post Office Life Insurance Fund for 3 years.
Advanced Enzyme: Advanced Vital Enzymes sold 30 lakh equity shares of the company at Rs 265 per share on the NSE. Nalanda India Equity Fund acquired 41,90,491 shares at Rs 263.8 per share.
Dixon Technologies: Max Life Insurance Company sold 65,000 shares of the company at Rs 8,402.01 per share on the NSE. However, The Vanguard Group Inc A/C Vanguard Emerging Markets Stock Indexed A Series of V I E I F bought 64,452 shares at Rs 8,402 per share.
Rushil Decor RE: Margi Jigneshbhai Shah sold 28,051 RE shares of the company at Rs 18.24 per share and Swing Infraspace offloaded 76,803 shares at Rs 16.95 per share on the NSE. However, Plutus Capital Management LLP bought 25,000 RE shares at Rs 17.05 per share.
Zee Entertainment Enterprises: Integrated Core Strategies (Asia) Pte Ltd acquired 49,63,315 shares of the company at Rs 190.53 per share on the NSE.
MEP Infrastructure Developers: Everest Grow More Finance bought 9,82,000 shares of the company at Rs 13 per share on the BSE.
Duroply Industries: Board approved the sale and transfer of the company’s Tea Processing business to Teloijan Techno Agro through a slump sale on a going concern basis.
HFCL: Promoter entity MN Ventures acquired 12.5 lakh equity shares of the company from the open market.
Gayatri Projects: The company has received the Letter of Award (LOA) from Odisha Mining Corporation (OMC).
Ajanta Pharma: Promoter Aayush M Agrawal, trustee Aayush Agrawal Trust, released 3 lakh pledged shares.
GAIL: The company maintained CNG and D-PNG supplies despite upstream disruptions.
Link Pharma Chem: The company appointed Rishikesh Thakur as Managing Director.
Ramco Cements: The company entered into a Memorandum of Understanding with the Tamil Nadu government for the establishment of an Apex Skill Development Centre at Ariyalur.
Indo Count Industries: CARE reaffirmed long term credit rating A+, with a Stable outlook.
Marico: The company exited Revolutionary Fitness by selling its entire equity investment after evaluating the long-term prospects of the investment.
Ramkrishna Forgings: The company on September 30 to allot NCD ‘Series A Debentures’ up to Rs 55 crore to International Finance Corporation.
HUDCO: The company has achieved the level of loan sanctions of Rs 2,607.12 crore and loan releases of Rs 3,277.04 crore, as of August 2020, for FY21.
Balkrishna Industries: The company appointed Madhu Sudan Bajaj – President (Commercial) – as Chief Financial Officer after the resignation of Basant Bansal as Chief Financial Officer.
GMR Infra: Company to divest its entire 51 percent stake in Kakinada SEZ to Aurobindo Realty.
Sadbhav Engineering: CARE Ratings has downgraded long-term bank facilities to CARE BBB+ from CARE A-, with outlook changing to ‘credit watch negative’ implications from ‘stable’.
Shriram City Union Finance: RBI has imposed a penalty of Rs 5 lakh on the company for non-compliance with RBI directions on verification of the ownership of gold jewelry contained in the company.
Were The Stocks In Focus Today 25-09-2020
Get The Latest Stock Updates, Equity Tips, Share Market Tips, Stock Market Tips, Intraday Tips @ Investelite Research.