Coal India, Lupin, HDFC Life, RVNL, BEL, Pidilite, and Other Stocks to Keep an Eye on
The Singapore Exchange’s Nifty futures contract shows that local stocks are off to a slow start. The contract was down 7.5 points or 0.04% from the previous close, trading at 18,873.50.
Coal India: From June 21 to June 23, 2023, the employee offer-for-sale (OFS) would be available. Up to 92.44 lakh shares, or 0.15 percent of Coal India, would be sold by the government to the company’s workers at a price of Rs 226.10 per share.
Shriram Finance: On Wednesday, June 21, Piramal Enterprises plans to sell its whole 8.34% ownership in the firm via block agreements, after the sale of the US-based private equity giant TPG’s investment in Shriram Finance.
Lupin: In order to treat cardiovascular disorders and chronic obstructive pulmonary disease in Palghar, Maharashtra, the Maharashtra government and Lupin Human Welfare and Research Foundation struck an agreement.
Pidilite Industries: The business announced the opening of cutting-edge production facilities in Amod, Gujarat, under its two joint ventures, Pidilite Litokol (PLPL) and Tenax Pidilite (TPPL).
GR Infraprojects: The business has been given the go-ahead by the National Highways Authority of India (NHAI) to widen NH-530B in Uttar Pradesh to four lanes at a projected cost of Rs 1,085 crore.
IDFC First Bank: The board accepted Madhivanan Balakrishnan’s appointment as the bank’s key managerial personnel for a period of three years, with the designation of “Executive Director and Chief Operating Officer.” The appointment is subject to shareholder approval.
As of June 2023, Som Distilleries reported capturing a market share of 18.4% in Odisha, placing them as the second-largest business in terms of market share in the state. The business aspires to keep growing its influence in the region.
In order to serve the domestic hair-care industry, Bajaj Consumer Care has introduced a new product called Bajaj 100% Pure Henna.
A wholly-owned subsidiary called “Aeromark Cars” has been established by Landmark Cars via a related party transaction. Aeromark Cars, which has not yet started operations, plans to continue its sales, after-sales, and related business activities.
HDFC: The Competition Commission of India (CCI) has approved the Housing Development Finance Corporation’s (HDFC) proposal to purchase an additional interest in HDFC ERGO General Insurance.
In response to press claims that the joint venture between the business and TMH has a fracture, RVNL has said that these reports are untrue.
BEL: So far in the fiscal year 2023–24, Bharat Electronics Ltd. (BEL) has received orders totaling Rs. 5,900 crore.
