Stock to Watch Today - Rupeedesk ReportStock to Watch Today - Rupeedesk Reports
Buzzing Stocks : Lemon Tree, BHEL, Infoedge, Indus Towers, and others in focus
Lemon Tree : The company has signed a license agreement for a Lemon Tree Hotel in Morbi, Gujarat. The property is expected to open in FY29.
BHEL : Rajesh Kumar Dwivedi has assumed the post of Director (Finance) at BHEL on June 19 and will hold office until his superannuation in 2028. Dwivedi has been designated as Chief Financial Officer of the company, replacing Shri Koppu Sadashiv Murthy.
Infoedge : Allcheckdeals India Private Limited, a wholly owned subsidiary of Infoedge, has agreed to invest Rs 1 crore in its wholly owned subsidiary, NewInc Internet Services Private Limited. NewInc is in the business of providing internet, computer, and electronics data processing services.
Indus Towers : The company has released the pledge on 17.98 percent of shares held by Vodafone promoters in Indus Towers on June 18 to allow them to execute the sale of these shares.
SPS Finquest : The company has received approval from the RBI for the proposed acquisition of 41,62,092 equity shares by its promoter, Sandeep Shah, along with Sanrina Consultancy Private Limited, a promoter group company. The company has also requested the delisting of its equity share capital from the BSE.
Gensol Engineering : The company received the second tranche under the greenshoe option allotment of 250 MW/500 MWh from Gujarat Urja Vikas Nigam Limited. This was for a standalone Battery Energy Storage Systems (BESS) project to reach 500 MW/1000 MWh. The project will generate total revenue of Rs 2,685 crore over the 12-year Battery Energy Storage Purchase Agreement (BESPA) tenure and will supply electricity on an “On-Demand” basis to Gujarat State's DISCOMs during peak and off-peak hours.
Sapphire Foods : The board of Sapphire Foods has approved the split of existing equity shares of the company from 1 equity share into 5 equity shares.
KEI Industries : Operations at its plants situated in Rakholi and Chinchpada have been partially affected due to a strike that began on June 19. The company noted that there are no strikes at its other plants and that they are in discussion with labor contractors and workers to resolve the issue.
Brigade Group : Brigade Group announced it would develop a third tower of the World Trade Center (WTC) at Infopark Kochi. The company signed a land lease agreement on June 19 for the Rs 150-crore project.
Gokaldas Exports : The company has agreed to invest in BRFL Textiles Private Limited by subscribing through Optionally Convertible Debentures. In its first tranche, the company will subscribe for Rs 50 crores, with the remaining OCDs worth up to Rs 300 crores to be subscribed in multiple tranches. These funds will be utilized mainly to meet working capital needs, with a smaller portion allocated to capex requirements.
Avenue Supermarts : The company has opened a new store at Mettupalayam in Coimbatore, Tamil Nadu. With this, the total number of stores stands at 369 as of now.
Polytex India : The Reserve Bank of India has cancelled the company's certificate of registration to carry on the business of a Non-Banking Financial Institution.
