Tuesday, November 30, 2021
HomeMarket Live UpdatesStocks in the news: Paras Defence, HDFC Bank, ZEEL, Adani Green and...

Stocks in the news: Paras Defence, HDFC Bank, ZEEL, Adani Green and NMDC

Nifty futures on the Singapore Exchange traded 170 points, or 0.96 per cent lower at 17,432, signaling that Dalal Street was headed for a negative start on Friday. Here are a dozen stocks which may buzz the most in today’s trade:

Paras Defence and Space Technologies: The manufacturer of defence and space engineering products will be listed today. The company is expected to make a super solid Dalal street debut. The company is commanding a grey market premium of Rs 220-230 over its issue price of Rs 175.

HDFC Bank: The private lender said it has raised Rs 739 crore by issuing the rupee-denominated masala bonds in the overseas markets. HDFC Bank has issued and allotted rupee-denominated bonds overseas on September 30, 2021.

Maruti Suzuki India: The largest domestic carmkaer said it expects an adverse impact on production at its two plants in Haryana and parent Suzuki’s Gujarat plant in October on account of supply constraint of electronic components due to semiconductor shortage.

Zee Entertainment Enterprises: The National Company Law Tribunal directed

(ZEEL) to hold a board meeting to consider its minority shareholder Invesco’s request for convening an Extraordinary General Meeting (EGM) for discussing various issues.

TCS, MCX: The IT major

(TCS) said it has been selected by the country’s largest commodity exchange MCX as the technology solution provider.

UPL: The agrochemical major launched a smart technology-driven seed treatment solution Electron 3-Way Mix in the seed and plant health segment. The company said the new product acts as a powerful tool in protecting the seed and seedling from pests and diseases in the early stages and helps in robust crop establishment.

NMDC: The state owned miner is aiming to achieve 47 million tonnes of iron ore production during the current financial year and plans to spend Rs 3,720 crore on capital expenditure.

Enterprises: The National Company Law Tribunal (NCLT) has restrained RHC Finance, a firm controlled by Malvinder Mohan Singh and Shivinder Mohan Singh, from exercising its voting rights in Religare Enterprises till further orders.

Adani Green Energy: The renewable energy arm of Adani Group has acquired a 40 MW operating solar project in Odisha. Adani Renewable Energy (MH) Energy Limited, a wholly-owned subsidiary of Adani Green, acquired of 100 per cent of the share capital and all the securities of Vento Energy Infra Private from Essel Green Energy.

Sterling and Wilson Solar: The Shapoorji Pallonji Group company said it has bagged its first waste-to-energy project worth Rs 1,500 crore from a leading developer of energy assets in the UK and Europe.

NHPC: The state-owned hydro power giant said it has got its shareholders’ approval to raise borrowing limit by Rs 10,000 crore to Rs 40,000 crore during the annual general meeting (AGM).

Research Company: The pharma research player said its shareholders have approved the appointment of Anilkumar Raghavan as chief executive officer.

Bank of India: The state-owned lender said it has raised Rs 1,800 crore by issuing Basel-III-compliant bonds. The bank raised Rs 1,800-crore Basel-III-compliant tier-II bonds on September 29 on a private placement basis.

Bank of Maharashtra: The state owned lender and a dissatisfied creditor of Videocon Group raised the issue of the breach of confidentiality in the corporate insolvency resolution process of the debt-ridden group before the National Company Law Appellate Tribunal.

Bank: The smallcap lender said its shareholders have rejected the appointment of statutory auditor PB Vijayaraghavan & Co. The bank had listed four agendas at its annual general meeting held on Wednesday (September 29), of which two were passed.

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