HERE ARE THE STOCKS IN FOCUS TODAY 29-09-2020
Mahindra & Mahindra: Promoter released a pledge on 70 lakh shares on September 28.
Balaji Telefilms: Company’s board approved the liquidation of its subsidiary Chhayabani Balaji Entertainment.
Dewan Housing Finance: According to the transaction auditor Grant Thornton report, fraudulent transactions worth Rs 12,705.53 crore took place at the company during FY17 to FY19.
Central Bank of India: Bank’s board has approved allotment of 16.58 crore shares aggregating to Rs 254 crore to qualified institutional buyers.
Symphony: Company launched universal packaged air-coolers for industrial and commercial applications.
IIFL Finance: Moody’s downgraded the company’s corporate family rating (CFR) and senior secured debt rating to B2 from B1 and changed the outlook to Stable from ‘rating under review’.
Alkem Labs: Company gets US FDA nod for multiple sclerosis drugs, Dimethyl Fumarate capsule.
Yash Pakka: Aegis Investment Fund acquired 2 lakh shares in the company at Rs 56.9 per share on the BSE.
Max Healthcare Institute: Max Ventures Investment Holdings sold 1,67,12,104 shares in the company at Rs 108.88 per share on the BSE, while Smallcap World Fund Inc acquired 1,14,00,000 shares in the company at Rs 108.75 per share.
Welspun Corp: Welspun Group Master Trust bought 15,46,402 shares in the company at Rs 107.24 per share on the NSE.
Vikas Multicorp: Alintosch Pharmaceuticals acquired 1.16 crore shares in the company at Rs 8.55 per share on the NSE.
Rushil Decor: Khushru sold 43,508 rights entitlement shares in the company at Rs 24.12 per share, Anand Rathi Global Finance 26,030 shares at Rs 20.05 per share, Aspire Emerging Fund 56,998 shares at Rs 16.41 per share, Leman Diversified Fund sold 39,311 shares in the company at Rs 21.93 per share and Davos International Fund 75,166 shares at Rs 21.95 per share on the NSE.
Max Financial Services: Max Ventures Investment Holdings sold 17 lakh shares in the company at Rs 600.06 per share on the NSE. Max Ventures Investment Holdings sold 43,33,000 shares in the company at Rs 600.7 per share on the BSE.
HFCL: Promoter entity MN Ventures acquired 17 lakh (0.13 percent) equity shares of HFCL from the open market.
Raunaq EPC International: Himanshu Goyal, Senior Officer – F & A and (CFO) of the company has resigned and will hold the office of Senior Officer – F & A and (CFO) of Xlerate Driveline India (XDIL).
Refex Industries: Company considered the proposal to invest in the units of RKG FUND – I.
Ajanta Pharma: Promoter Aayush M Agrawal, Trustee Agrawal Trust created a pledge on 80,000 shares.
JSW Steel: Promoter entity JSW Techno Projects Management created a pledge on 10.7 lakh shares.
Ashapura Minechem: Promoter entity Ashapura Industrial Finance 28,632 equity shares in the company in the open market.
Likhitha Infra: IPO to open on September 29 and close on October 1 with a price band at Rs 117-120 per share.
Mazagon Dock Shipbuilders: IPO to open on September 29 and close on October 1 with a price band of Rs 135-145 per share.
UTI AMC: IPO to open on September 29 and close on October 1 with a price band of Rs 552-554 per share.
Opto Circuits: Promoter Jayesh Chandrakant Patel offloaded 85,150 shares in company (representing 0.03 percent of the total paid-up equity) via the open market.
Dr. Lalchandani Labs: Company to further expand current testing capacities with the installation of additional high throughput machines, automatic systems, hiring of additional manpower, and increased working hours to 24*7.
Infosys: Subsidiary EdgeVerve Systems signed a partnership with Minit, a leader in process mining, to help its clients accelerate process excellence.
Shalby: Board approved to reduce promoters’ shareholding in the company to 75 percent from 79.45 percent.
Hexaware Technologies: HDFC Asset Management Company offloaded an entire 5.02 percent stake in the company.
Anuh Pharma: The company received approval from WHO – Geneva Prequalification for Pyrimethamine API which is used as Anti – Malarial Drugs.
India Grid Trust: Company completed the acquisition of 74 percent in Jhajjar KT Transco (JKTPL) from Kalpataru Power Transmission and Techno Electric & Engineering Company.
Were The Stocks In Focus Today 29-09-2020