Stocks to Watch, 4 August: Stocks like ABB India, Dilip Buildcon, ITC, Railtel Corporation of India, Hero MotoCorp, Delhivery, MCX, Muthoot Capital Services, Harsha Engineers, Tata Power, and Federal Bank will be in focus on August 4.
The terms and conditions of approved OTS include cash and equity components payable under the settlement, release of securities and mortgaged properties etc.
After the announcement each equity share with a face value of Rs 10 each will be split into 10 equity shares with a face value of Re 1.
Stocks like James Warren Tea, Hinduja Global Solutions, PC Jeweller, PCBL, Bank of Baroda, Reliance Industries, PVP Ventures, and SPML Infra will also be in focus on November 29.
BSE, Oberoi Realty, Kalyan Jewellers, Alkem Laboratories and Voltas are the additions to the MSCI India Index, according to an announcement by index compiler MSCI.
Kotak Mahindra Bank, Inox Wind, MTAR Technologies, VA Tech Wabag, Jindal Saw, Dalmia Bharat, Oberoi Realty, Mangalore Refinery and Petrochemicals, PC Jeweller, L&T Finance, and Jio Financial Services will also be in focus on October 21.
The company has proposed to split its equity shares in a 1:10 ratio, converting each existing share with a face value of Rs 10 into ten shares with a face value of Re 1.
Stocks like PC Jeweller, Zee Media Corporation, Gillette India, HDFC Life Insurance Company, Tata Power Company, Mukta Arts, Hindustan Foods, and Rushil Decor will also be in focus on September 25.
If the board agrees to make the shares cheaper, it will be the LIC-backed multibagger small cap company’s first stock split
The debt-ridden jewellery company said, under the approved terms and conditions of the OTS, the settlement includes a combination of cash and equity components
In a regulatory filing on Saturday, PC Jeweller informed that its board has approved the proposal to raise funds up to Rs 2,705.14 crore by preferential issue of fully convertible warrants.
PC Jeweller's performance over the last few quarters was severely impacted by various litigations filed by banks in different legal forums, including the NCLT
The debt-ridden jewellery company said, under the approved terms and conditions of the OTS, the settlement includes a combination of cash and equity components. Additionally, the proposal involves the release of securities and mortgaged properties held by the banks.