Let's catch up on the latest news from the stock market. From significant investments to major deals, fund raising and appointments, here’s a quick look at which stocks will be in focus in today's trade:
Stocks To Watch
The south-based real estate company has raised Rs 5,000 crore via Qualified Institutions Placement (QIP) at an issue price of Rs 1,674 per share. ICICI Prudential Mutual Fund, HDFC Life Insurance Company, Aditya Birla Sun Life Trustee, New World Fund Inc, NPS Trust, Max Life Insurance Company, Motilal Oswal Mutual Fund, and Bandhan Mutual Fund were the largest investors among participants.
Aptus Value Housing Finance India
The board has approved the allotment of 10,000 non-convertible debentures (NCDs) of Rs 1 lakh each, amounting to Rs 100 crore, through private placement.
The company has entered into three joint ventures with KMC Construction (KMCCL) for bidding on national highways project works under the EPC mode in Karnataka. All three joint ventures have won the bidding and become the lowest bidders for projects worth Rs 1,057.3 crore.
The RPG Group company has secured new orders worth Rs 1,423 crore for the design, supply, and installation of 380 kV transmission lines in Saudi Arabia. With these orders, its year-to-date order intake stands at over Rs 11,300 crore.
The company's subsidiary, Viva Highways, has monetized its land under its real estate portfolio in Hinjewadi, Pune, for Rs 453 crore.
The Coal Ministry has allocated the Machhakata Coal mine to NLC India. This coal mine has reserves of 1.4 billion tonnes, with an average grade of G10 - G11, and a capacity of 30 MTPA. It is NLC's second commercial coal mine.
Gujarat Mineral Development Corporation
The Coal Ministry has allocated the Kudanali Lubri Coal mine to the company.
The company has entered into an exclusive distribution agreement with CollTech Group, which manufactures adhesives and thermal management solutions. Pidilite will serve as the exclusive distributor of CollTech’s products in India.
The board will meet on September 10 to consider raising funds via a rights issue of equity shares.
Shreyas Shipping and Logistics
The Ministry of Corporate Affairs has approved the incorporation of the company's wholly owned subsidiary, Transworld Sea-Connect IFSC Private Limited.
The company will further invest Rs 84 crore ($9.9 million) in its subsidiary, Multinational Textile Group, which is incorporated under the laws of Mauritius, in one or more tranches.
The company has commissioned the commercial production of aluminum die castings effective September 5. The new facility, located in the industrial area of the State Industries Promotion Corporation of Tamil Nadu (SIPCOT), has an initial annual capacity of 7,750 MT of aluminum die castings.
The Directorate of Revenue Intelligence conducted a search at the registered and corporate offices of Venus Pipes & Tubes on September 5, for alleged evasion of customs duty on imported goods. The company had deposited Rs 5 crore as duty under protest. The action is not expected to have any material impact on the company's financial operations or other activities.
Nikhil Naik has stepped down as Chairman of the board of the company. The Board appointed Ratnakar Barve as Chairman.
Amid the ongoing promoter dispute at Godfrey Phillips, the Delhi High Court denied Ruchir Modi's plea to block his grandmother, Bina Modi, from voting at the 87th annual general meeting (AGM) on September 6. The court refused to restrain Bina Modi from voting on behalf of KK Modi's Family Trust for her own reappointment. The court's decision comes as a relief for Bina Modi, who holds a pivotal role in the company's leadership and controls 48% of the shareholding through the trust. Additionally, Justice Naveen Chawla directed Bina Modi to provide semi-annual disclosures regarding the remuneration and benefits she receives as MD of the company, as reported by CNBC-TV18.
Bulk Deals
Ecos India Mobility & Hospitality
Plutus Wealth Management LLP bought a 0.7% stake in Ecos at an average price of Rs 473.1 per share, valued at Rs 20.3 crore.
Promoter entity Max Ventures Investment Holdings sold a 3.18% stake in the company at an average price of Rs 1,107.37 per share, amounting to Rs 1,218.1 crore.
Investor Nexia International sold a 1.2% stake in the company at an average price of Rs 86 per share, valued at Rs 2.18 crore.
Foreign portfolio investor India Discovery Fund sold over a 1% stake in the company at an average price of Rs 631.09 per share, amounting to Rs 8.3 crore.
India Discovery Fund exited Gokak Textiles by selling its entire shareholding of 3.09% to Bridge India Fund at an average price of Rs 199 per share, valued at Rs 3.99 crore.
Forbes Precision Tools and Machine Parts
Foreign portfolio investor Antara India Evergreen Fund bought a 1.12% stake in Forbes Precision at an average price of Rs 340.5 per share, valued at Rs 19.7 crore. However, India Discovery Fund sold 1.62% of its shares at an average price of Rs 340.88 per share, amounting to Rs 28.5 crore.
Mainboard Listing on September 6
Baazar Style Retail
SME Listing on September 6
Boss Packaging Solutions
Stocks Turn Ex-Dividend
eClerx Services, GNA Axles, Medi Assist Healthcare Services, Metro Brands, NBCC India, The New India Assurance Company, Protean eGov Technologies, Quess Corp, Gujarat Narmada Valley Fertilizers & Chemicals, Gujarat State Petronet, AAA Technologies, Agarwal Industrial Corporation, Asian Hotels (East), Alfred Herbert (India), Alufluoride, Aztec Fluids & Machinery, Brisk Technovision, Chemcrux Enterprises, Gujarat Intrux, Hindprakash Industries, Jagsonpal Pharmaceuticals, KRBL, Krishanveer Forge, Nahar Capital & Financial Services, Nahar Polyfilms, Nahar Spinning Mills, NDL Ventures, Perfectpac, Phoenix Township, PPAP Automotive, Responsive Industries, Shipping Corporation of India, Shipping Corporation of India Land and Assets, Senco Gold, Sika Interplant Systems, SML Isuzu, Smruthi Organics, Sterling Tools, Tatva Chintan Pharma Chem, Triton Valves, Triveni Turbine, Triveni Engineering & Industries, Uniphos Enterprises, Vardhman Holdings, Vardhman Special Steels, Vardhman Textiles, Zen Technologies
Stocks Trade Ex-Date for Buyback
Arex Industries, Ladderup Finance
Stock Trades Ex-Date for Rights
Patel Integrated Logistics
Stock Trades Ex-Date for Bonus
VST Industries
F&O Ban
Bandhan Bank, Biocon, Chambal Fertilisers and Chemicals, Aditya Birla Fashion and Retail, Balrampur Chini Mills, Hindustan Copper, RBL Bank
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