Stocks to watch today: Vedanta, Ruchi Soya, Future Retail, ONGC, and others

The last day of the financial year 2021-22 was full of ups and downs for the people. Market In form of nifty 50 Closed with moderate losses but defended the 17,450 level. However, on a positive note, FIIs played a supporting role after a long time as they bought shares worth over Rs 3,000 crore in the cash segment on the day of F&O closure.

Vedanta

The billionaire Anil Agarwal-owned company has inked some long-term power security agreements for green and renewable energy (RE) power for Hindustan Zinc, Bharat Aluminum Company and Vedanta (Jharsuguda Aluminum Operations) through captive power projects. These projects will be built through dedicated Special Purpose Vehicle (SPV) for each unit.

Nuvoco Vistas Corporation

The company has made timely payment of redemption amount and interest for its non-convertible debentures of Rs 400 crore.

Sterlite Technologies

The company has signed definitive agreement to sell its 64.98% stake in Maharashtra Transmission Communication Infrastructure (MTCIL). A total of Rs 43 crore views were agreed to be received in several phases.

Ruchi Soya Industries

The Board has approved the issue price for its follow-on public offer at Rs 650 per equity share.

NCC

The Company along with other shareholders of NCC Vizag Urban Infrastructure (NCCVUL) has entered into a Share Purchase Agreement with GRPL Housing Pvt Ltd (Gardencity Realty Group, Bengaluru) for sale of its entire stake in NCCVUL to GRPL.

HG Infra Engineering

The subsidiary Gurgaon Sohna Highway Private Limited has received the provisional certificate for the project in Haryana.

HDFC Asset Management Company

Life Insurance Corporation of India acquired 2.02 per cent stake in the company through an open market transaction. With this, its stake in the company has increased to 7.02 per cent from the earlier 5 per cent.

Future Retail

According to a filing, Sadashiv Nayak, CEO of debt-ridden Future Retail Ltd, has resigned from the position seven months after his appointment. Future Group CEO Kishore Biyani has been reappointed as executive chairman of the company for three years, a regulatory filing said on Thursday.

ONGC, Reliance Industries

The government on Thursday more than doubled the price of natural gas, which is used to generate electricity, make fertilizer, convert to CNG and piped into home kitchens for cooking, on the back of a rise in global energy prices. The price of gas produced from old regulated fields, such as the country’s largest gas field of ONGC’s basin, will hit a record high of US$ 6.10 per million British thermal units (mmBtu) from the current US$ 2.90 per mmBtu. Petroleum Planning and Analysis Cell (PPAC) of the Ministry of Oil.

Hero MotoCorp

The Income Tax Department raided Hero MotoCorp and two other groups after raiding Hero MotoCorp and two other groups for alleged illegal business expenses of over Rs 800 crore, “unaccounted” cash to buy land in Delhi and the role of some shell companies, officials said on Thursday. is detected.

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