Stocks in the news: RIL, SBI, Indiabulls Housing, Hexaware, Bharat Dynamics & Eveready Ind

Indiabulls Housing launched its QIP on Wednesday and set the floor price at Rs 206.70 per share.

Getty Images
Victory Emerging Markets Small Cap Fund bought 8,03,003 shares of tractor manufacturer Escorts at Rs 1,165.44 per share.
Nifty futures on the Singapore Exchange traded 14 points, or 0.12 per cent higher at 11,320, in signs that Dalal Street was headed for a positive start on Thursday. Here are a few stocks which may buzz the most in today's trade:

Reliance Industries: The company is looking to raise Rs 60,000-63,000 crore by selling a 15 per cent stake in Reliance Retail Ventures, the holding company of its retail businesses, to a clutch of private equity investors and sovereign wealth funds.

State Bank of India: Country’s largest lender State Bank of India raised Rs 4,000 crore in additional tier 1 bonds at a coupon of 7.74 per cent, the bank said in a regulatory filing.


Hexaware: The reverse book building process of Hexaware Technologies, the first delisting offer by a private equity player in India opened on Wednesday. For existing investors it’s an opportunity to exit at slightly above current levels, new investors should be careful in building up new positions especially in the weak market as there is limited upside, said analysts. They expect that the book is likely to be built anywhere in the range of Rs 450-470.

Indiabulls Housing Finance: Indiabulls Housing Finance launched its QIP (qualified institutional placement) on Wednesday and set the floor price at Rs 206.70 per equity share for the issue.

Coal India: State-owned Coal India's 54 mining projects are running behind schedule mainly on account of delays in obtaining green nod and issues related to rehabilitation and resettlement. The development assumes significance against the backdrop of Coal India eyeing production of 1 billion tonnes by 2023-24.
ADVERTISEMENT

Escorts: Victory Emerging Markets Small Cap Fund bought 8,03,003 shares of tractor manufacturer Escorts at Rs 1,165.44 per share.

Bharat Dynamics: The offer for sale (OFS) of Bharat Dynamics (BDL) was subscribed 76 per cent on the last day of bidding. Though the base offer of 10 per cent share sale was fully subscribed, it failed to sell the additional 5 per cent green shoe option fully. The government will likely raise about Rs 770 crore from the BDL OFS.

Eveready Industries: Battery and flashlights maker Eveready Industries India reported an over three-fold jump in consolidated net profit to Rs 24.98 crore for the June quarter, helped by improved gross margin and lower cost of operations.

Hindustan Copper, Jammu & Kashmir Bank: Hindustan Copper, Sintex Industries, Jammu & Kashmir Bank, Datamatics Global Services are among companies that are scheduled to announce their June quarter earnings on Thursday.
ADVERTISEMENT

Transport Corporation of India: HDFC Mutual Fund bought 8,64,000 shares of Transport Corporation of India at Rs 215 per share, while Himalaya Finance & Investment Co sold 10,45,664 shares of the company at the same price.

Punjab National Bank: State-owned Punjab National Bank (PNB) on Wednesday launched 'Festival Bonanza Offer' for its customers to give a push to subdued loan demand due to COVID-19 crisis.
ADVERTISEMENT

Dalmia Bharat: Cement maker Dalmia Bharat said it is aiming to emerge stronger despite a sluggish market condition, helped by initiatives such as cost reduction, marketing initiatives and premiumisation.

Zicom Electronic Securities: General Insurance Co of India sold 2,09,057 shares or 0.51 per cent stake in Zicom Electronic Securities at Rs 2.20 per share.
ADVERTISEMENT
READ MORE

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Text Size:AAA
Success
This article has been saved

*

+