Nifty futures on the Singapore Stock Exchange traded 6.5 points or 0.03% lower at 18,665, signaling Dalal Street was heading for a flat start on Thursday. Here are a dozen stocks that can buzz the most in today’s trading:
Dharmaj Crop Guard: the agrochemical company will make its debut on Dalal Street on Thursday after raising Rs 251 crore from primary markets. Its IPO, which had been subscribed 35.5 times, was open between November 28-30 in the range of Rs 216-237 apiece.
India’s second largest IT services company has launched its fourth share repurchase at Rs 9,300 crore. The acquisition will be at a price of no more than Rs 1,850 per share with a face value of Rs 5 each through the Open Market path.
Tech Mahindra: It major has announced the launch of cloud BlazeTech, an integrated sector-agnostic platform, to maximize business value for cloud-powered businesses worldwide. The agency will continue to invest in cloud services and hyerpscaler relationships to boost digital transformation for businesses.
Eicher Motors: Niche bike manufacturer Royal Enfield said its new assembly plant in Brazil has started operating. The CKD plant (fully beaten) is an important step forward in the company’s plans in Latin America and reiterates the brand’s commitment to the region.
IDFC First Bank:
Private lender and NASSCOM Centre of excellence worked together to develop the innovation ecosystem and guide startups through a range of banking solutions. A memorandum of understanding was signed between IDFC First and NASSCOM COE and designated the bank as a preferred banking partner for start-ups in Bangalore.
Macrotech developer: realty company corrects QIP offering floor price to Rs 1,022.75 per share. The company and selling shareholders can offer a discount of no more than 5 percent on the bottom price. The Relevant date for the offer is December 7th.
Aster DM Healthcare: the healthcare services player said it has entered into an agreement with Iraq’s Medical City of Faruk to develop healthcare services in the country. It has signed a cooperation agreement on capacity building and academic and professional training programs for clinical and healthcare professionals in Iraq.
Metro Brands: Shoe Company completes 100 percent takeover of Cravatex
Commercial. Cravatex is engaged in import, marketing, sales, promotion, advertising, retail and distribution of shoes, clothing and accessories under various brands, including “FILA” and “Proline”.
Bank of Maharashtra: the state-owned lender said it has raised Rs 348 crore from bonds to finance business growth. The lender raised the funds through a private placement of Tier II bonds compatible with Basel III.
Mahindra Logistics: the logistics solutions provider incorporated mll Global Logistics as a UK subsidiary on 6 December to carry out its logistics, supply chain management activities, including cargo shipping and air freight across all geographies.
VA Tech Wabag: The water treatment company appointed Pankaj Malhan as vice president and CEO of the group as of December 7th. The company also commissioned Rajiv Mittal as chairman and CEO from 07 December.
PTC India: The energy trading solutions provider reported a 29% decrease in Group net profit to Rs 138.23 crore for the September 2022-23 quarter due to lower revenues. The company’s net profit for the year ago was Rs 195.48 crore.
Matrimony.com: the matchmaking service provider expanded its service offerings by unveiling Jodii, a mobile app, “for business” that would benefit professionals, the company said. Corporate services would help employees of select organizations have unlimited access to member profiles.
Inox Wind: The renewable energy player said its supporters have injected an amount of Rs 623 crore into the company and the fund was used to repay advances received from Gujarat’s Fluorochemicals
Lumax Industries: Auto components player will create a new greenfield project in Chakan, Pune which will include a capex Rs 175 crore for Phase 1. The project will serve orders from OEMs for advanced lighting solutions. The project is expected to be commissioned by Q2FY24 and will be financed by a mix of debt and internal accruals.