Last Update: December 28, 2022, 08:57 AM IST
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stock to watch wednesday
Stocks to watch today: Shares of firms like Bajaj Finserv, Coal India, HPCL, Hariom Pipe and others will be in focus in Wednesday’s trade
sgx smelly The December 50 futures are pointing to a negative opening for the domestic stock markets on Wednesday. The SGX Nifty 50 futures contract was trading at 18,088, down 0.33 per cent from its previous close, or 60 points lower.
Bajaj Finserv: Promoter Jamnalal Sons on Tuesday raised its stake in NBFC-giant Bajaj Finserv in a block deal. The promoter bought equity shares worth Rs 100.41 crore in the open market. On the other hand, promoter Rishabh Family Trust sold a part of its stake in the company. Bajaj Finserv shares closed on a flat note. According to NSE data, Jamnalal Sons bought 6,52,000 equity shares in Bajaj Finserv at Rs 1,540 per share, aggregating to ₹100.41 crore. On the other hand, Rishabh Family Trust sold 6,52,000 equity shares in the company at Rs 1,540 per share.
Coal India: Coal India Chairman Pramod Agarwal on Tuesday expressed confidence that the PSU would achieve the production target of 700 million tonnes in the current financial year. Coal India (CIL) accounts for more than 80 per cent of the domestic coal production. “I am confident…Coal India will achieve the target of 700 million tonnes of coal production in this financial year,” a statement quoted the chairman as saying. Aggarwal said that the demand for electricity will increase in the coming days. The demand for coal from Coal India should be increased and MCL, which has been successfully supplying around 435,000 tonnes of coal per day to the power sector, will have to increase its contribution.”
Indian Energy Exchange: The Indian Energy Exchange (IEX) on Tuesday announced the setting up of International Carbon Exchange Pvt Ltd (ICX), a wholly owned subsidiary, to explore trading opportunities in the voluntary carbon market. ICX will enable participants to buy and sell voluntary carbon credits at competitive prices through its transparent and trusted platform and reduce global GHG (greenhouse gases) emissions by 45% by 2030 to limit global warming to 1.5 degrees, IEX Will provide facility to do so. said in a statement.
Indowind Energy: Indowind Energy board on Tuesday approved the rights issue of 3.58 crore equity shares for ₹43.07 crore. The rights issue will open on January 27, 2023 and close on February 10, 2023, as shown in a BSE filing. It said that at the Board meeting held today i.e. December 27, 2022, inter alia, the terms and conditions of the rights issue were considered and approved.
Hariom Pipe Industries: Hariom Pipe Industries will acquire the operational assets of RP Metal Section. It informed that it has entered into an asset transfer agreement to purchase the operating assets of RP Metal Section, a galvanized pipe and cold roll coil manufacturer. The unit is spread over 13.83 acres of land at Perundurai in Tamil Nadu and the transaction cost will be Rs 55 crore.
Suryoday Small Finance Bank: Suryoday Small Finance Bank on Tuesday said that the Reserve Bank of India has approved the reappointment of Baskar Babu Ramachandran as the managing director and chief executive officer of the lender for three years. “We wish to inform that the Reserve Bank of India vide its letter dated December 26, 2022, has approved the reappointment of Baskar Babu Ramachandran as MD & CEO of the Bank for a further period of three years Is. from January 23, 2023,” it said in a regulatory filing.
HPCL: Amit Garg has been appointed as the Director (Marketing) of Hindustan Petroleum Corporation (HPCL) with effect from Tuesday. Prior to joining HPCL as Director (Marketing), Garg was Executive Director (Aviation) at Bharat Petroleum Corporation. Garg is a post graduate in Electronics and Management. He is a senior leader in the Oil & Gas sector with over 35 years of rich and varied experience in the industry across the entire value chain, which includes sourcing, storage, logistics and sales across various functions in BPCL.
Punjab and Sind Bank: Punjab and Sind Bank on Tuesday said its board will meet on December 30 to consider a proposal to raise up to Rs 250 crore through various modes, including equity and bond issue. The bank said it plans to raise capital up to a total of Rs 250 crore in any combination of equity shares or debt in the form of Basel III compliant bonds. The lender said the capital will be raised in one or more tranches through issuance of these instruments within a period of 12 months from the date of approval.
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