Stock to Watch Today - Rupeedesk Reports - 01.10.2024
Stock to Watch Today - Rupeedesk Reports
Stock to Watch Today - Rupeedesk Reports
Buzzing Stocks : Bank of Maharashtra, Tata Power, Unichem Labs, Alphageo India, SpiceJet in focus on Tuesday.
Bank of Maharashtra : The public sector lender launched its Qualified Institutions Placement (QIP) issue on September 30. The floor price has been fixed at Rs 60.37 per share. The issue size is expected to be Rs 3,500 crore, reports CNBC-TV18, quoting sources.
NTPC : Subsidiary NTPC Green Energy has signed a Memorandum of Understanding (MoU) with the Rajasthan Government for the development of 25 GW of renewable energy projects in Rajasthan.
Tata Power Company : The company has signed a Memorandum of Understanding (MoU) with the Rajasthan Government for an investment plan of Rs 1.2 lakh crore in renewable energy projects, and manufacturing, transmission, distribution, nuclear power, rooftop installations, and EV charging.
Tata Consumer Products : Vikram Grover has resigned as MD and CEO of Nourishco Beverages, effective September 30. Nourishco Beverages merged with Tata Consumer.
Indian Railway Catering and Tourism Corporation : The Board has appointed Gaisingam Kabui, GGM (Finance), as Chief Financial Officer (CFO) of the company, effective October 1. The Ministry of Railways has conveyed that Rabindra Nath Mishra (IRAS, EDF/C&PPP, Railway Board) may be entrusted with the additional charge of Director (Finance) in IRCTC, effective October 1.
Andhra Cements : The Board has approved the Draft Letter of Offer for the rights issue amounting to Rs 180 crore. The company has filed the Draft Letter of Offer with the Securities and Exchange Board of India, BSE, and the National Stock Exchange of India for approval of the rights issue.
Zuari Industries : Shareholders have approved the re-appointment of Athar Shahab as the Managing Director of the company for 3 years, effective November 14, and Alok Saxena as Whole-time Director of the company for 2 years, effective July 1.
India Glycols : The company has added further capacity of 100 KLPD to its existing grain-based distillery, 180 KLPD to the existing bio-fuel ethanol plant, and 2,500 MT per year capacity for new value-added chemical products at Kashipur, Uttarakhand. Additionally, work on expanding grain-based distillery capacity by 180 KLPD and the bio-fuel ethanol plant by 90 KLPD at Gorakhpur, Uttar Pradesh is in progress, and the same is expected to be commissioned by Q4FY25.
Unichem Labs : The company has signed an asset purchase agreement with Bayshore Pharmaceuticals, USA. Bayshore USA will sell its product approvals and all goodwill associated with 9 USA ANDAs, and generics formulations marketing/distribution business in the US market (Unichem Pharmaceuticals, USA) as a going concern (through slump sale or transfer of the entire business (debt-free) and goodwill associated with the business) to Unichem Labs, for $2.65 million and $10 million, respectively. Bayshore USA is a step-down subsidiary of Unichem's parent company Ipca Laboratories.
Piramal Pharma : Subsidiary Piramal Pharma Solutions has announced an $80 million investment plan to expand its sterile injectables facility in Lexington, Kentucky.
Alphageo India : The company has received a contract worth Rs 131.63 crore from Oil India (Duliajan, Assam) for 2D seismic data acquisition in the Ganga-Punjab basin.
Premier Explosives : Srihari Pakalapati has resigned from the post of Chief Financial Officer (CFO) of the company due to personal reasons, effective September 30.
Blue Dart : The logistics company announced its general price increase, effective January 1, 2025. The average price increase will range between 9 percent and 12 percent. Customers signing up between October 1 and December 31, 2024, will not be impacted by the price increase.
Cyient DLM : HDFC Mutual Fund bought a 0.5% stake in the company at an average price of Rs 667 per share, while Morgan Stanley Asia Singapore Pte - ODI sold a 0.54% stake in the company at the same price.
Hindustan Oil Exploration Company : BofA Securities Europe SA bought a 0.54% stake in HOEC at an average price of Rs 230 per share. However, Ramasamy Jeevanandam sold a 0.6% stake in HOEC at an average price of Rs 230.05 per share.
SpiceJet : Plutus Wealth Management LLP bought a 0.66% stake in the airline company at an average price of Rs 59.95 per share, amounting to Rs 50.95 crore.
F&O Ban : Balrampur Chini Mills, Bandhan Bank, Hindustan Copper, RBL Bank.
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