HERE ARE THE STOCKS IN FOCUS TODAY 28-09-2020

NALCO: Company signed MoU with Numaligarh refinery for the long-term supply of CP coke.

JSW Energy: Subsidiary JSW Solar received a Letter of Award for a total blended wind capacity of 810 MW, from Solar Energy Corporation.

Reliance Industries: Subsidiary Jio partnered with Aeromobile to launch India’s first in-flight mobile services. 

HDFC Bank: Private lender is targeting a 10-times increase in the number of small merchants it serves to 20 million in the next three years, sources said.

Central Bank of India: Bank closed its QIP by raising Rs 255 crore, set issue price at Rs 15.38 per share.

CEAT: Board approved raising up to Rs 250 crore via NCDs.

India Ratings assigned AA-rating with a stable outlook for the company’s proposed issue of NCDs.

Amansa Holdings & Amansa Investments increased stake in the company to 9.29 percent from 9.17 percent earlier.

NCL Industries: The JV deal with China’s Qingdao Xinguangzheng Steel Structure Company terminated as the current state of bilateral relations between India & China is not conducive for the JV.

Hero MotoCorp: Harley Davidson and Hero MotoCorp likely to sign a distribution partnership in the coming days – CNBC-TV18 sources.

Coffee Day: No negotiation with Tata Consumer for the company’s vending unit.

Thomas Cook: Board approved the withdrawal of buyback of shares due to undergone substantial deterioration on account of the pandemic, global lockdowns.

Satin Creditcare Network: Promoters acquired 49,945 equity shares via the open market.

Eris Lifesciences: Kuwait Investment Authority A/C Kuwait Investment Authority Fund 225 acquired 14,54,175 shares in the company at Rs 540 per share.

However, Himanshu Jayantbhai Shah sold 18 lakh shares at Rs 540.05 per share on the NSE.

PNB Gilts: The company announced payment redemption proceeds of commercial paper.

Sequent Scientific: Company completed the sale of investments held in Strides Pharma Science.

Grasim Industries: LIC increased stake in the company to 11.86 percent from 9.83 percent earlier.

ISGEC Heavy Engineering: ICRA reaffirmed credit rating to Isgec Redecam Enviro Solutions, a subsidiary, and joint venture company.

Ugro Capital: The company received a Corporate Agency License from IRDAI.

Usha Martin: Promoter entity Neutral Publishing House raised stake in the company to 3.86 percent from 3.76 percent earlier.

Cummins India: SBI Funds Management increased stake in the company to 7 percent from 6.7 percent earlier.

Ajanta Pharma: Promoter Aayush M Agrawal, Trustee Aayush Agrawal Trust created a pledge on 30,000 shares.

Jet Airways: The Committee of Creditors of Jet Airways will meet today, in what everyone hopes will be the lenders’ final gathering to select the next owner of the airline that was grounded in April 2019.

The airline had received bids from two suitors, both consortiums, on July 21.

The first consortium was of Flight Simulation Technique Centre Pvt Ltd, Big Charter Pvt Ltd, and Imperial Capital Investments LLC.

Lakshmi Vilas Bank: Bank seeks to reassure depositors after CEO & Directors voted out in AGM against the appointment of seven directors, including CEO in AGM.

NTPC: Company has invited bids for the procurement of biomass pellets which would be used to co-fire its thermal plants.

In January, it had announced that it would procure and use six million tonnes (MT) of biomass pellets to co-fire its power plants along with coal.

A company official had informed that a tonne of pellets costs around Rs 7,000.

DHFL: Administrator files application for disbursement of 2 SRA projects.

Were The Stocks In Focus Today 28-09-2020

Source: Moneycontrol

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