Stocks To Watch Today: HDFC Bank, RIL, ICICI, PNB, IndusInd, IDBI, UltraTech
Reliance Industries Ltd., HDFC Bank Ltd., RBL Bank Ltd., IDBI Bank Ltd. and ICICI Bank Ltd. are some of the stocks that will catch investors’ attention on Monday. Here are some of the notable corporate announcements that came after Friday’s market hours:
RBL Bank Approves Fundraise and Merger
RBL Bank has approved a fundraise of up to Rs 26,853 Cr via a preferential issue of 95.90 Cr shares to Emirates NBD at Rs 280/share, equivalent to a 60% post-issue stake, and approves the merger of Emirates NBD’s India branch into the Bank.
Following this, Emirates NBD Bank announced an Open Offer to acquire up to 41.6 Crores additional shares at Rs. 280 apiece, representing 26% stake and valued at Rs. 11,636 Crore.
IRCON International Receives Order from Petronet LNG
IRCON International has received an order worth Rs 360 crore from Petronet LNG for civil works in Gujarat.
UltraTech Cement to Incur Fresh Capital Expenditure
UltraTech Cement is to incur fresh capital expenditure (capex) of Rs. 10,255 crores, which is expected to bring its cement capacity to over 240.76 million tonnes per annum (mtpa) after the completion of this cycle.
IndusInd Bank Investigates Governance Lapses
IndusInd Bank stated that its subsidiary Bharat Financial Inclusion continues its investigation into governance lapses. The unit’s auditor has issued a qualified conclusion dated Oct. 17.
Marico to Buy Balance Stake in HW Wellness Solutions
Marico is in a pact to buy the balance 46% stake of HW wellness solutions.
Mazagon Dock Signs MoU with Naval Group, France
Mazagon Dock has signed an exclusive MoU with Naval Group, France to offer evolved Scorpene submarines to friendly countries.
Q2 Results: Avantel, UltraTech Cement, Jaiprakash Power Ventures, and More
Several companies have announced their Q2 results, including Avantel, UltraTech Cement, Jaiprakash Power Ventures, Anand Rathi Share and Stockbrokers, UTI AMC, SML Mahindra, IDFC First Bank, IndusInd Bank, IDBI Bank, ICICI Bank, Yes Bank, Federal Bank, HDFC Bank, PNB, J&K Bank, Can Fin Homes, Reliance Industries, Tanla Platforms, CESC, Poonawalla Fincorp, India Cements, Orient Electric, Crisil, Bank of India, Sobha, L&T Technology Services, Dixon Technologies, Jana Small Finance Bank, IndiaMART InterMESH, Tata Technologies, Havells India, AU Small Finance Bank, JSW Energy, Fedbank Financial, Kesoram Industries, RPG Life Sciences, DCB Bank, 360 One WAM, Oracle Financial Services, and Himadri Specialty Chemicals.
For more information on these results and how they might impact the market, visit our website and follow the latest stock market news.
How to Stay Ahead in the Indian Stock Market
To stay ahead in the Indian stock market, it’s essential to stay informed about the latest developments and trends. Our website provides stock market tips and insights to help you make informed investment decisions.
Conclusion
In conclusion, Monday’s trading session will be crucial for several stocks due to recent corporate announcements and quarterly results. Stay tuned for more updates and analysis on the Indian stock market.
For more information on Nifty today and Sensex news, visit our website.