By keeping a close watch on every movement of stocks, your investment can definitely be protected. Here we are telling such stocks which will be in the news today and on which the market will be eyeing.
Multiplex in focus
Multiplexes will open in Maharashtra from October 22. The conditions for opening the multiplex will be revealed later. Today, action may increase in stocks like PVR and INOX LEISURE.
Chinese stocks in focus
Sugar companies are in focus due to increase in support price of sugarcane in Uttar Pradesh. Now farmers will be paid Rs 350 per quintal instead of Rs 325.
Keep an eye on BIOCON
The USFDA has issued 6 objections to the company’s Malaysia plant. The plant was investigated between September 13 and 24.
NBCC in focus
The company has received orders worth Rs 968 crore from Maldives. Order for construction of 2000 houses has been received.
Zee Ent in focus
Invesco and OFI Global are keeping up with the demand for the EGM. Invesco and OFI Global hold 17.88% stake in ZEEL. Invesco is seeking the removal of the current MD & CEO Punit Goenka. Invesco wants changes in the board. Invesco and OFI Global have written a letter to the ZEE board on 23 September. Both the investors have also raised questions on the proposal of ZEE-SONY merger. Before this, two independent directors have resigned before the AGM. ZEE and SONY have announced the merger.
UBL fined
COMPETITION COMMISSION OF INDIA imposed a fine of Rs 750 crore on UNITED BREWERIES. The company is accused of doing cartelization in the sale and supply of beer in many states.
BHARTI AIRTEL IN FOCUS
Today is the X date of the rights issue. The lot of F&O will increase from 1851 to 1886. The effect of the adjustment of the rights issue will be seen.
Ujjivan SFB
The pace of lending has picked up in Q2. The effect of reducing the restrictions of COVID has been shown on the company. The PAR has come down from 30% to 21.7% in June. The collection of Rs 725 crore has helped in reducing the PAR.
SJVN in focus
1000 MW capacity solar project has been ordered. The estimated cost of the project is around Rs 5500 crore.
NUCLEUS SOFTWARE IN FOCUS
The board has approved share buyback at Rs 700 per share. Buyback of 23 lakh shares has taken place through the tender route. The company will spend up to 160 crores on buybacks.
TEXMACO INFRA IN FOCUS
The promoters have deferred the offer of delisting.
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