Check Out the Stocks Today [07-12-2020]

Check out the stocks that will be in focus during trade today based on recent and latest news developments.

  • RIL’s resolution plan submitted for acquisition of Reliance Infratel Limited, approved by National Company Law Tribunal.

  • Tata chemicals stock has been in focus after Tata Sons reportedly acquired 25,71,651 shares (1.01% equity) of Tata Chemicals at an average price of Rs471.88 each.

  • ONGC’s subsidiary ONGC Videsh made ‘significant’ oil strike in Colombia.

  • Maruti Suzuki India’s production for the Month of November up 5.9% yoy to 1,50,221 units.

  • Eicher Motors Volvo Eicher Commercial Vehicles commences production at its new truck plant in Bhopal.

  • NMDC in focus as Government of India reaches an agreement with the Government of Karnataka and the Ministry of Steel to extend the Donimalai Iron Ore Lease.

  • Indian Airforce successfully test fired the Akash Missiles, manufactured by Bharat Dynamics.

  • KPI Global Infrastructure has signed new long term power purchase agreement with Alliance Fibres, Surat for sale of 1.30 MW solar power for a period of 20 years under Independent Power Producer (IPP) business vertical.

  • APL Apollo Tubes sets December 16 as the record date for splitting 1 equity share of face value of Rs10 into five equity shares having a face value of Rs2 each.

  • Apollo Tyres has allotted 6.3 crore equity shares pursuant to conversion of Compulsorily Convertible Preference Shares to Emerald Sage Investments.

  • State Bank of India in focus as PTI reported that the Central Bureau of Investigation carried out search operation at three locations in Delhi in connection with an alleged Rs1,800cr fraud at State Bank of India.

  • Tata Consumer Products’ step-down subsidiary Earth Rules Pty Ltd., Australia has entered into an asset sale and purchase agreement for the sale of its MAP Coffee Business to Buccheri Group.

  • Likhita Infrastructure gets order of Rs112.88cr from IHB Pvt. Ltd. - a JV company of IOC, HPCL and BPCL for laying pipeline in the Gujarat region which is a part of the Kandla-Gorakhpur Pipeline Project.

  • Deepak Fertilisers in focus as Delhi High Court has ordered the Ministry of Chemicals and Fertilisers to return the bank guarantee worth Rs310.5cr to Smartchem Technologies, a wholly-owned subsidiary, within a period of four weeks.

  • CG Power Board of Directors approve issuance of unlisted, unsecured, unrated, redeemable NCDs of the company of face value of Rs1 lakh each, aggregating to Rs200cr.

  • IL&FS Transportation has entered into a Share Purchase Agreement with Cube Highways and Infrastructure II Pte, to sell and transfer the entire equity shareholding held by the company in Chenani Nashri Tunnelway, a wholly-owned subsidiary of the company.

  • Jagran Prakashan issued and allotted 600 units of Commercial Paper worth Rs5 lakh each, aggregating to an issue size of Rs30cr, at an interest of 4.10%.

  • Sun Pharma pledged 67.40 lakh shares on November 26, 2020 in favour of Bajaj Finance Ltd. in respect of loan availed by the third party.

  • CARE Ratings has reaffirmed the credit ratings of Bannari Amman Sugars for the credit facilities availed by the company from bankers.

  • ICRA reaffirmed the long-term rating of ITD Cementation India for the Line of Credit (LOC) at A. The Outlook on the long-term rating has been revised to negative from stable.

  • Pari Washington India Master Fund cut stake in Zodiac Clothing to 7.01% from 7.33% earlier.

  • Smartlink Holdings Board approved the proposal to buy back up to 33.25 lakh equity shares at a price of Rs95 per share, for up to Rs31.58cr.

  • Tata Power received Letters of Intents from The Odisha Electricity Regulatory Commission (OERC) to own the licences for the distribution and retail supply of electricity in WESCO Utility & SOUTHCO Utility license area.