Wednesday, October 20, 2021
HomeMarket Live UpdatesStocks in the news: Adani Ports, ZEEL, PVR, JSW Energy, Info Edge...

Stocks in the news: Adani Ports, ZEEL, PVR, JSW Energy, Info Edge and MGL


Nifty futures on the Singapore Exchange traded 117.5 points, or 0.66 per cent higher at 17,593, signaling that Dalal Street was headed for a negative start on Tuesday. Here are a dozen stocks which may buzz the most in today’s trade:

Adani Ports: The Adani Group company, which is rapidly expanding its network on the east coast, is set to enter the maritime sector in West Bengal as it emerged as the top bidder for operating a berth at Haldia Dock Complex.

Zee Entertainment Enterprises: Amid the ongoing spat with the board of ZEEL, Invesco on urged the National Company Law Tribunal (NCLT) to pass an order to ensure the convening of the company’s Extraordinary General Meeting (EGM).



GAIL: The National Company Law Appellate Tribunal (NCLAT) dismissed the petition filed by Gail India Ltd challenging the insolvency resolution plan of Alok Industries, which has now been taken over by a consortium of and JM Financial Asset Reconstruction Co.


JSW Energy:
The company has signed a contract with Senvion India, a leading manufacturer of wind turbines, for procurement of 591 MW of onshore wind turbines for the company’s under-construction pipeline of renewable energy projects.


ICICI Lombard General Insurance:
French insurance firm Axa SA, to sell around 175 crore equity shares of the company via block deal on Tuesday.

Info Edge (India): The internet based service provider said it has invested an additional Rs 15 crore, through its wholly-owned subsidiary, in 4B Networks. This investment is in exercise of a right available to the company to subscribe 4,245 additional securities for an amount of up to Rs 15 crore.

Macrotech Developers: The realty firm said properties worth Rs 1,100 crore were sold last month in one of its projects in London and it expects to sell all inventories before 2023-24 fiscal year.


Hindustan Zinc:
The Vedanta group firm said its mined metal production increased by 4 per cent to 2,48,000 tonnes in the second quarter of the ongoing fiscal. The company’s mined metal production was at 2,38,000 tonnes in the year-ago period.

CEAT: The domestic tyre maker announced it has completed the acquisition of 26 per cent stake in Cleanwin Energy, for which it had signed a pact with Yellowstone Clean Energy LLP last month.

Max Healthcare Institute: The healthcare facilitiy player said it plans to invest around Rs 1,600 crore to expand its capacity in the national capital region by adding around 1,000 beds in Gurugram, Haryana.

PVR: The leading movie exhibitor has partnered with e-sports company NODWIN Gaming and launched the country’s first in-cinema e-sports live tournaments.

Mahanagar Gas: Following the steep 62 per cent hike in prices of domestically produced gas announced by the Centre last week, Mahanagar Gas increased the retail price of compressed natural gas (CNG) and piped natural gas (PNG) by Rs 2 each with immediate effect.

EasyTripPlanners: Online travel firm EaseMyTrip said it has partnered with the Indian Pavilion at the Dubai Expo 2020 and aims to send across 50,000 people to the events there from India.

Rail Vikas Nigam: The company has entered into an Memorandum of Understanding with Tata Steel in connection with implementation of infrastructure projects.

HFCL: The domestic telecom gear maker said it has bagged an order of Rs 286.96 crore from RailTel Corporation for setting up a data communication network for the defense forces. The order is to be executed within a year.

Aditya Birla Money: Markets regulator Sebi slapped a total fine of over Rs 1 crore on the company for violation of several market norms, including stock broker regulations.

Kirloskar Oil Engines: The world’s largest manufacturer of gensets, which last week launched an industry-first kitchen/municipal waste composter, expects revenue to reach or even cross the pre-pandemic levels by March.

Gufic Biosciences: The company has approved the proposal for increasing capital expenditure to the tune of Rs 200 crore, to be utilized for setting up of the new manufacturing unit and for setting up the research & development facility, both in Indore, Madhya Pradesh.

Rupa & Company: The knitwear major said the company will merge its wholly-owned premium brand subsidiary Oban Fashions with itself. Launched in 2018, Oban Fashions has international brands FCUK and Fruit of the Loom under its fold and expects the revenue to reach Rs 40 crore in the current fiscal.

Care: The pharmaceutical player said it has signed the Tokyo Olympic weightlifting Silver medalist Mirabai Chanu and wrestling Bronze medalist Bajrang Punia as brand ambassadors for products in its pain management range.


Gokaldas Exports:
The company launched its qualified institutional placement issue on October 4. The floor price has been fixed at Rs 194.58 per share.



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