Stocks to Watch, 21 July: Stocks like Reliance Industries, HDFC Bank, ICICI Bank, JSW Steel, IDFC First Bank, Dr Reddy's Laboratories, IRCON International, Sona BLW Precision Forgings, Anthem Biosciences, and Spunweb Nonwoven will be in focus on July 21.
The board also okayed issuance of non-convertible debentures up to Rs 3,000 crore on a private placement basis, the filing said
Reliance Power share price: Despite the recent downturn, the stock is still a whopping 147% higher than its 52-week low of Rs 25.75 per share.
Reliance Power share price: Over 51.5 crore shares were involved in active trade today. This marks a whopping 245% jump from the volumes seen by the stock just a day before, according to data on NSE.
Gupta was at the helm of SECI from June 2023 and his tenure was supposed to end next month. The sudden termination order came even as the government is yet to initiate the process of finding a replacement.
Stocks To Watch, Jan 21: Stocks like L&T Finance, Sunteck Realty, Jammu and Kashmir Bank, Prakash Industries, Bank of Baroda, Torrent Power, Landmark Cars, Reliance Power, Ugro Capital, REC, Tata Consultancy Services, and Laxmi Dental will be in focus on January 21.
Stocks like Oil and Natural Gas Corporation, Indian Energy Exchange, Nitiraj Engineers, Kore Digital, Hero MotoCorp, PTC India, HG Infra Engineering, Thyrocare Technologies, Max Healthcare Institute, and Deepak Nitrite will also be in focus on December 4.
'The aim of the board restructuring exercise is to ensure it is led by a dynamic and young team, in alignment with the Reliance Group’s Vision 2030 Growth Strategy,' the companies said
Reliance Power shares hit a 5 percent lower circuit for the third session in a row amid profit-booking, following a strong 60 perent surge last month after the company declared itself debt-free.
Reliance Power shares hit a 5 percent lower circuit amid market sell-off. The company on October 3 announced a Rs 4,200 crore Foreign Currency Convertible Bonds (FCCBs) issuance.
Bank of Baroda, Mahindra & Mahindra Financial Services, Avenue Supermarts, Cyient DLM, Refex Industries, Sundaram-Clayton, Reliance Power, Canara Bank, and Unicommerce eSolutions will be in focus on October 4.
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.
Reliance Power shares hit the 5 percent upper circuit for the eighth consecutive session, driven by key contract wins and favorable corporate developments.
The large deal also triggered a spike in volumes in the counter as 22 crore shares of Reliance Power changed hands on the bourses so far in trade, a meteoric rise from the one month daily traded average of five crore shares.
Indian equity indices ended on a flat note in the volatile session on September 24 after Nifty crossing 26,000 for the first time. Here are some of the stocks that moved the most in trade today.
Reliance Power shares surged 5% after the company announced a preferential issue of equity shares worth Rs 1,524.60 crore, aimed at strengthening its financial position and expanding into renewable energy.
Pondy Oxides and Chemicals, Thangamayil Jewellery, Power Grid Corporation of India, Cubex Tubings, G R Infraprojects, Western Carriers India, and Northern Arc Capital will also be in focus on September 24.
This comes days after Reliance Infrastructure, another Anil Ambani-led group firm, approved raising Rs 6,000 crore
Reliance Power shares were locked at the upper circuit ahead of its board meeting to consider raising long-term funds, marking its eighth consecutive session of gains.
GMR Power and Urban Infra, Reliance Power, Pudumjee Paper Products, BL Kashyap and Sons, Allcargo Logistics, Dish TV India, Nippon Life India Asset Management, and Trident will also be in focus on September 19.
Reliance Power's obligations as a guarantor on behalf of Vidarbha Industries Power have been fully settled, resulting in the release of all obligations related to the debt of Rs 3,872.04 crore.