Let's catch up on the latest news from the stock market. From significant investments to major deals and order wins to fund raising, here's a quick look at which stocks will be in focus in today's trade.
Stocks To Watch
The company has received a Letter of Award for a project worth Rs 575.74 crore from Lumina Clean Energy, Purelight Energy, and VVKR Photovoltaics Energy, the special purpose vehicles formed by Paradigm IT Technologies and Metalcraft Forming Industries.
The cement major has raised $500 million through a sustainability-linked loan with participation from six banks.
The Board of Directors has appointed Sanjay Agarwal as Group Chief Financial Officer of the company, effective August 26, following the retirement of Manikantan Viswanathan (Chief Financial Officer) from the company.
The global technology company has announced an extension of its strategic AI-driven engineering services and digital process operations (DPO) partnership with Xerox. HCLTech will support the newly formed Xerox Global Business Services organization (GBS) in driving key business metrics.
The hotel chain has signed a new property, Lemon Tree Hotel, Civil Lines, Ayodhya. The 80-room hotel property is expected to open in FY28 and will be managed by its subsidiary, Carnation Hotels.
The automotive component manufacturer has signed a Memorandum of Understanding (MoU) with Blaer Motors. Both companies will leverage their combined expertise and resources towards the design and development of electronic components, including motor controllers ranging from 500 watts to 2 kilowatts.
Sanjeev Singhal, Director (Finance), has been entrusted with the additional charge of Chairman & Managing Director (CMD) of the company for five months, effective August 1. Sanjeev currently serves as the Director (Finance) of the company.
Medi Assist Healthcare Services
Subsidiary Medi Assist Insurance TPA has signed definitive documents for the 100% acquisition of Paramount Health Services & Insurance TPA from Fairfax Asia and the Shah family. With this acquisition, Medi Assist's TPA market share will grow to 36.6% for the group segment and 23.6% of the health insurance industry by premiums managed.
Qiyu Chen has not received security clearance from the Ministry of Home Affairs, Government of India. Consequently, he will cease to continue as a Director of the company, effective August 30.
The company launched its qualified institutions placement (QIP) issue on August 26, with the floor price fixed at Rs 183.83 per share.
Bulk Deals
Ace investor Ashish Rameshchandra Kacholia sold a 1.22% stake in the company at an average price of Rs 625 per share. However, JVS Joyrass Holdings bought a 0.7% stake at the same price.
DSP Mutual Fund has bought a 1.39% stake in the small finance bank at an average price of Rs 630 per share. However, Fincare Business Services sold a 1.7% stake at the same price.
Pinebridge Investment Asia Limited A/C PB Global Funds-Pinebridge India EQ Fund bought a 1% stake in the company at an average price of Rs 1,202.92 per share. PM Consultancy purchased a 0.64% stake at an average price of Rs 1,285.78 per share, and BOFA Securities Europe SA picked up a 0.78% stake at an average price of Rs 1,287.75 per share. Aditya Birla Sun Life Mutual Fund acquired a 0.6% stake each in Interarch at an average price of Rs 1,218.08 per share and Rs 1,299.92 per share, respectively.
Foreign company Lavender Rose Investment exited Medplus by selling its entire shareholding of 11.35% at an average price of Rs 616.48 per share. However, ICICI Prudential Mutual Fund picked up a 4.3% stake in the company at an average price of Rs 616 per share, and the Government of Singapore bought a 0.97% stake at an average price of Rs 616.2 per share.
Elara India Opportunities Fund and Polus Global Fund exited MEP by selling a 1.09% stake each at an average price of Rs 8.43 per share. However, Vani Agencies bought a 2.66% stake in the company at the same price.
Stocks Turn Ex-Dividend
Amarjothi Spinning Mills, Jai Corp, KDDL, KSE, Manorama Industries, Panchsheel Organics, United Drilling Tools, Windsor Machines
Stocks Trade Ex-Date for Buyback
KDDL, Suprajit Engineering, Technocraft Industries
Stock Trades Ex-Date for Split
Aditya Vision
F&O Ban
Aarti Industries, Aditya Birla Fashion and Retail, Balrampur Chini Mills, Birlasoft, Chambal Fertilisers and Chemicals, Indian Energe Exchange, India Cements, RBL Bank
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
