Stocks to watch, 11 June: Stocks like Indian Renewable Energy Development Agency, RBL Bank, Aditya Birla Fashion and Retail, Chambal Fertilisers and Chemicals, Hindustan Copper, Titagarh Rail Systems, CreditAccess Grameen, Kaynes Technology India, Ganga Bath Fittings, Wipro, Sonata Software, and Aditya Birla Capital will be in focus on June 11.
Stocks To Watch Today, Dec 30: Stocks like Prestige Estates Projects, Coforge, PNC Infratech, Fortis Healthcare, Utkarsh Small Finance Bank, SJVN, Reliance Infrastructure, Reliance Industries, Max Financial Services, Alkyl Amines Chemicals, Godrej Consumer Products, IOL Chemicals, and Carraro India will also be in focus on December 30.
The two Reliance-group companies will execute renewable energy projects in Bhutan in a joint venture with the commercial and investment arm of the Royal Government of Bhutan, Druk Holding and Investments.
The Calcutta High Court has upheld a Rs 780-crore arbitration award in favour of Reliance Infrastructure.
IDFC First Bank, Dr Reddy’s Laboratories, Punjab National Bank, ICICI Prudential Life Insurance Company, Bharat Electronics, Tata Chemicals, Adani Enterprises, and Adani Energy Solutions will also be in focus on September 30.
More than a decade back, Reliance Infrastructure had won a contract to set up a 1,200 MW thermal power plant in Purulia in West Bengal for Rs 3,750 crore, but the project was delayed, leading to DVC seeking damages from Reliance Infrastructure.
This comes days after Reliance Infrastructure, another Anil Ambani-led group firm, approved raising Rs 6,000 crore
Reliance Infrastructure aims to raise Rs 6,014 crore to support its expansion plans. Initially, it will secure Rs 3,014 crore through a preferential issue, followed by an additional Rs 3,000 crore through a QIP.
The company said the proceeds from the QIP will be used for expansion of business operations directly and/or through investment in subsidiaries and joint ventures including meeting the long-term working capital requirements and for general corporate purposes
Zodiac Ventures, Reliance Power, GR Infraprojects, Reliance Infrastructure, Satin Creditcare Network, Mphasis, Utkarsh Small Finance Bank, and Vakrangee will also be in focus on September 18.
Indo Count Industries, TVS Holdings, Monarch Networth Capital, JK Tyre,Reliance Infrastructure, Globus Spirits, and India Shelter Finance Corporation will also be in focus on September 17.
Former BYD executive Sanjay Gopalakrishnan, who has joined as a consultant to advise on the EV project, did not respond to a request for comment
The Supreme Court on April 10 reversed an earlier ruling that upheld an arbitration award of around Rs 8,000 crore to a Reliance Infra's subsidiary from DMRC
BSE oil and gas and energy indices were the biggest gainers, closing more than 1.7 percent higher. All the indices except auto and utilities gained as the benchmarks closed on record highs
The Supreme Court set aside its 2012 judgement that had upheld an arbitral award of Rs 8,000 crore to DAMEPL against DMRC