Stock In News Today: By keeping a close watch on every movement of stocks, your investment can definitely be protected. Here we are telling such stocks which will remain in the news today and on which the market will be eyeing.
FOCUS ON ZOMATO
Grofers has got the approval of the Zomato board for giving a loan of $ 150 million. Loan will be given for 1 year at 12% interest per annum. Zomato will buy 16.66% stake in Mukunda Foods. 13,289 convertible preference shares. The company is engaged in the business of Automated Food Design, Manufactures Equipment.
FOCUS ON SHYAM METALICS
The company’s board has approved capex of 990 crores. Capex will be followed by 2.85 MTPA capacity expansion.
Cochin Shipyard in Focus
Cochin Shipyard has received the order from Dredging Corporation. Cochin Shipyard will build dredgers for Dredging Corporation. The value of the order will be Rs 803 crore.
Also read- Trading guide: Know how the market may move today, where you can earn in intraday
FOCUS ON BAJAJ ELECTRICALS
ICRA has stabilized the company’s long-term rating at A+, outlook. The short term rating is maintained at A1 and the outlook is stable.
EVEREADY INDUSTRIES IN FOCUS
The open offer for EVEREADY INDUSTRIES will open on 26th April. Burman Group has made an open offer for an additional 26% stake. The open offer will cost around Rs 605 crore.
PNB has declared IL&FS Tamil Nadu Power as NPA. The bank had given a loan of Rs 2,060.14 crore to the company. The bank has already made a provision of Rs 824.06 crore for the account.
FOCUS ON PAYTM / PB FINTECH
Munish Varma has resigned from PB FINTECH, PAYTM. Resigned from the post of non-executive, non-independent director.
FOCUS ON HATSUN AGRO
Promoter bought 2.08 lakh shares for Rs 25 crore. Malabar India and Malabar Value Fund have sold shares. 2.08 lakh shares have been sold at 1194 price.
The shareholding of Mother Sparsh Baby Care Company has increased to 16%. Bought shares by way of 1,040 Compulsorily Convertible Preference Shares.
FOCUS ON EUREKA FORBES
EUREKA FORBES will be listed again today. The stock is getting listed again after the change in management. For the first 10 days, the share will be in the trade-to-trade category. In September, Advent Intl acquired Shapoorji Pallonji Group. 4400 crore deal. Eureka Forbes is a subsidiary of Forbes & Co.
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