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Last Updated : Dec 10, 2018 08:22 AM IST | Source:

Stocks in the news: Axis Bank, IOC, Ashoka Buildcon, Uflex, Texmaco Rail, Mangalam Drugs

Arrow Greentech | IFCI | Mangalam Drugs & Organics | United Breweries | Escorts | Axis Bank | IOC and Ashoka Buildcon are stocks which are in the news today.

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Here are stocks that are in the news today:

Axis Bank: Board appointed Amitabh Chaudhry as an Additional Director of the bank and to hold office as such till the conclusion of the ensuing Annual General Meeting and as the Managing Director & CEO of the bank, for a period of 3 years, with effect from January 1, 2019. Board approved the reappointment of Samir Barua, Som Mittal and Rohit Bhagat as Independent Directors of the bank for their second consecutive term from April 1, 2019 upto the expiry of their respective tenure of 8 years.

Alembic Pharma - meeting of NCD Committee will be held on December 14 to consider and approve the issue and allotment of unsecured

listed redeemable non-convertible debentures (NCDs) of upto Rs 350 crore on private placement basis


IOC board meet on December 13 to consider buyback of equity shares and interim dividend for the Financial Year 2018-19

Ashoka Buildcon: Company received Letter of Acceptance by Rail Vikas Nigam Limited, for the project in connection with 3rd Line from Sonnagar to Garhwa Road in Dhanbad Division of East Central Railway, Bihar and Jharkhand in 2 packages. The aggregate accepted bid value of the project is Rs 794.20 crore.

Escorts: Company has executed the business transfer agreement for transferring the existing RT crane business of the company as a going concern on a slump sale basis to the JV (with Tadano Limited, Japan) for an amount not exceeding Rs 35 crore.

United Breweries: Steven Bosch, Director and Chief Financial Officer of the company tendered resignation.

Mangalam Drugs & Organics: Unit-1 facility was recently inspected by WHO prequalification team and the company has received the WHO Pre-qualification approval for Unit-1.

Punjab and Sind Bank board meeting on December 12, 2018 to consider issue of equity shares by way of QIP upto an amount of Rs 500 crore

IL&FS Engineering and Construction Company: Ganapathi Ramachandran, Non-Executive Independent Director of the company tendered resignation from the directorship of the company.

Tamil Nadu Newsprint & Papers: ICRA reaffirmed A (Negative) rating for fund based term loan worth Rs 1,858 crore.

Bank of Baroda issues Basel III Compliant Tier II Bonds worth Rs 971.50 crore on private placement basis

IFCI Q2: Standalone loss at Rs 16.55 crore versus loss at Rs 293.65 crore; revenue at Rs 432.94 crore versus Rs 763.50 crore YoY.

Brigade Enterprises: Brigade Group announces the launch of Parkside- Independent living for seniors, across Bangalore.

Vodafone Idea - Brickwork has revised NCD rating to BWR AA- (outlook negative) from BWR AA

Essel Propack: Company issued commercial papers for Rs 50 crore.

Seamec: Company entered into a Charter Party with Supreme Hydro Engineering Pvt Ltd for charter hire of vessel 'Seamec Princess' for working at Mumbai High Offshore. The tenure of the contract is for a firm period of 150 days with option for extension. The value of Charter during firm period is $3.08 million.

VXL Instruments: Board appointed Kishan S Rao as the Chief Financial Officer (CFO) of the company.

Pritish Nandy Communications: Company announced the launch of the first season of its 10 episode Amazon Original show 'Four More Shots Please' to be streamed on Amazon Prime from January 25 2019.

Arrow Greentech: Subsidiary Avery Pharmaceuticals Private Limited (Arrow Rx) received an approval for site plan to manufacture Mouth Dissolving Strips from Food & Drugs Control Administration (FDA}.

Uflex: Company has entered into an agreement to acquire 100 percent shares of Flex Chemicals Private Limited, Russia.

Capital India Finance: Board approved the issue of upto 3,45,48,560 equity shares at an issue price of Rs 72 per share, on rights basis, aggregating up to Rs 248.75 crore; and fixed rights entitlement ratio at 4:5.

Precision Camshafts: Mahesh A Kulkarni, Company Secretary and Compliance officer of the company has resigned from the company.

Pritika Auto Industries: Board approved to increase in the limit of investment by foreign institutional investors (FIls) and non resident individuals (NRIs') in the company's equity share capital.

Bulk Deals on December 7

Punj Lloyd: IFCI further sold 23,67,024 equity shares of the company at Rs 4.52 per share on the NSE.

Texmaco Rail: Aequitas Investment Consultancy Private Limited - PMS purchased 34,04,200 shares of the company at Rs 51 per share. However, Equity Intelligence India sold 17,80,364 shares at Rs 51.01 per share and Equity Intelligence India Private Limited [PMS] sold 11,45,241 shares at Rs 51.02 per share.

(For more bulk deals, click here)

Analyst or Board Meet/Briefings

Sandhar Technologies: Company's officials will be meeting SPA Capital Services on December 11.

Gopal Iron & Steels: Board meeting is scheduled on December 15 to consider sale of asset of the company.

Gallantt Metal: Extraordinary General Meeting to be held on January 4, 2019.

Asian Granito India: Extraordinary General Meeting will be held on January 3, 2019.

Indian Oil Corporation: Board meeting is scheduled on December 13 to consider buyback of the fully paid-up equity shares of the company and declaration of interim dividend for the financial year 2018-19.

Titan Company: Company's officials will be meeting fund houses or insurance firms on December 10, 12 and 14.

Shriram City Union Finance: Company's officials will be meeting analysts/institutional investors/brokers on December 10, 11, 12 and 13.

Infosys: Mohit Joshi - President & Head, Banking, Financial Services & Insurance (BFSI), Healthcare and Life Sciences; Head Infosys Brazil and Infosys Mexico and Jayesh Sanghrajka - Interim CFO will participate in a Non-Deal Roadshow in London on December 10 and 11.

Globus Spirits: Company's officials will be meeting LIC Mutual Fund, New Horizon Investments, ICICI Prudential Asset Management, Edelweiss Securities on December 10.

IIFL Holdings: Company's officials will be meeting Southeastern Asset Management on December 10.

HEG: Few Analysts/Investors are visiting the company's plant at Mandideep, Madhya Pradesh on December 10.

Bhansali Engineering Polymers: Jayesh Bhansali - Executive Director cum CFO of the company would meet the analyst/Institutional investor(s) in a conference arranged by Ambit Capital Pvt. Ltd., on December 10.

Supreme Infrastructure India: 35th Annual General Meeting of the company is scheduled to be held on December 31.

Lesha Industries: Board meeting is scheduled on December 26 to consider the sub division/ split of equity shares of the company.

Alembic Pharmaceuticals: Meeting of the NCD Committee of the Company will be held on December 14 to consider the issue and allotment of Unsecured Listed Redeemable Non-Convertible Debentures (NCDs) of upto Rs 350 crore on private placement basis.

Punjab & Sind Bank: Board meeting is scheduled to be held on December 12 to consider issue of equity shares by way of QIP upto an amount of Rs 500 crore.

Finolex Industries: Company's officials will be meeting Ventura Securities on December 10.

PPAP Automotive: Company's officials will be attending conference of analysts and investors organised by Ambit Capital on December 10.

Shoppers Stop: Company's officials will be meeting Martin Lau, Managing Partner and Vinay Agarwal, Director of First State Stewart Asia, on December 11; Anand Shah, Sr. VP Consumer of Axis Capital - Institutional Equities on December 12, Nikhil Desai and Rushabh Sheth, Directors of Karma Capital, Harsh Shah of CGS-CIMB Securities (India) Pvt. Ltd. on December 12.

Panyam Cements & Mineral Industries: 62nd Annual General Meeting of the company is to be held on December 31.

RCL Retail: Eighth Annual General Meeting of the company is scheduled to be held on December 29.

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First Published on Dec 10, 2018 07:47 am
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