Stock In News TodayBy 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.
VODAFONE IDEA IN FOCUS
The board has approved raising Rs 4500 crore. Preferential shares will be issued to the promoters at the rate of Rs 13.30 per share. 338.3 crore shares will be issued to the promoters. Shares will be issued to the promoters at a premium of 20%. There is also a plan to raise Rs 10,000 crore through ADRs, GDRs, NCDs in several phases.
M&M FIN in focus
Loan disbursement increased by 44% to Rs 2733 crore in February. So far this year, loans worth Rs 23,632 crore have been given. The collection efficiency has reached 98% in February.
LT FOODS IN FOCUS
American food company will buy Golden Star Trading. There is also an option to buy the remaining 49% after 3 years.
Wockhardt in focus
Rights issue will come at a price of Rs 225 per share. 3 rights shares will be issued on the existing 10 shares. There will be an open rights issue between March 15 and 22.
VEDANTA IN FOCUS
France’s Societe Generale has sold 2.24 crore shares. The deals have been done at an average price of Rs 391.74 per share.
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STOVE KRAFT IN FOCUS
SCI Growth of Sequoia Capital sold 24.69 lakh shares. Transactions took place at Rs 645.35 share price
Funds have been raised for a 210 MW hydroelectric plant. The plant will be set up at Luhri-1 in Himachal Pradesh. Raised funds for 75 MW Parasaran Solar Power Project. SBI will give a loan of Rs 1,537 crore and PNB Rs 319.04 crore.
Gabriel Focus on India
HDFC AMC has bought an additional 2.13% stake in the company. The company’s stake in Gabriel India has increased from 7.04% to 9.17%.
KEC INTERNATIONAL IN FOCUS
The company has got new orders worth 1131 crores. Orders have been received from T&D, Railways and Cable and Civil business. The total order book of the company has crossed Rs 15000 crores. Good growth is possible in T&D segment in North America.