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Stocks to watch: Shares of firms like IndusInd Bank, UltraTech, Vedanta, Titan, RailTel, and others will be in focus on Thursday’s trade
Stocks To Watch On August 21
Stocks to Watch On August 21: Markets extended gains for the fifth straight session on Wednesday. In today’s trade, shares of IndusInd Bank, India Cements, Godrej Properties, Clean Sciences, Exide Industries, among others, will be in focus due to various news developments.
Exide Industries
The company infused Rs 100 crore into its wholly-owned subsidiary, Exide Energy Solutions, through a rights issue.
Vedanta
Vedanta informed the NCLT about its plan to provide a corporate guarantee in favour of the Ministry of Petroleum and Natural Gas (MoPNG).
UltraTech Cement
The firm approved the sale of up to 2.01 crore shares of India Cements, representing a 6.49% stake.
Godrej Properties
The realty player acquired a 7% stake in Godrej Skyline Developers for Rs 9.25 lakh.
IndusInd Bank
Chairman Sunil Mehta said the lender has taken firm steps to resolve legacy issues in its treasury and microfinance segments after past frauds.
RailTel Corp
The company secured two work orders worth Rs 50.42 crore from government agencies in Odisha and Kerala.
Jupiter Wagons
Subsidiary Jupiter Tatravagonka Railwheel Factory received a Letter of Intent to supply wheelsets for Vande Bharat trains.
Titan
PB Balaji resigned as Non-Executive, Non-Independent Director with effect from August 20.
Fedbank Financial Services
The board will meet on August 25 to consider raising up to Rs 2,500 crore via non-convertible debentures (NCDs).
Clean Science and Technology
Promoters Ashok Boob and Krishna Boob are reportedly planning to offload up to a 24% stake through a block deal.
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Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
Read More
