Stocks in the news: BPCL, Bajaj Finance, IRB Infra, Rane Holdings and telcos

Nifty futures on the Singapore Exchange traded 33 points, or 0.19 per cent higher at 17,302.50, signaling that Dalal Street was headed for a positive start on Thursday. Here are a dozen stocks which may buzz the most in today’s trade:

Bharat Petroleum Corporation: Life Insurance Corporation of India acquired a 2.02 per cent stake in the company via open market transactions, increasing shareholding to 7.03 per cent from 5.01 per cent earlier.

Bajaj Finance: The fully owned subsidiary of the company, Bajaj Housing Finance, announced a new festive deal offering customers, who have high credit scores, home loans starting as low as 6.65 per cent. It is the first in the industry, the housing finance company allows eligible homebuyers to opt to link their home loan rates to the RBI’s repo rate.

: The company has incorporated a new entity ‘Varun Beverages RDC SAS’ in the Democratic Republic of Congo to carry on the business of manufacturing, selling, trading and distribution of carbonated and non-carbonated beverages.

IRB Infrastructure:
The company has raised Rs 5,346.6 crore as it has approved allotment of 25,24,50,000 equity shares at a price of Rs 211.79 per share to Cintra INR Investments BV and Bricklayers Investment.

Redington (India):
Apple has put Sriperumbudur factory of iPhone assembler Foxconn on ‘probation’ following worker protests and an assessment that revealed substandard living conditions, saying it will ensure strict standards are met before the unit reopens. Foxconn are Apple’s contract manufacturers, which act as the vendors to the Redington.

Rane Holdings: German company ZF said it has acquired an additional one per cent stake in its JV with Rane Group — Rane TRW Steering Systems – to become a majority stakeholder in the company. After buying out an additional stake, ZF will hold a majority of 51 per cent in the joint venture, as per a release.

SJVN: The state-owned power producer said it will invest Rs 60,000 crore to harness 5,097 megawatts of hydropower in Arunachal Pradesh. SJVN Chairman and Managing Director Nand Lal Sharma held a meeting on Wednesday with Arunachal Pradesh Deputy Chief Minister Chowna Mein to discuss to develop hydroelectric projects.

Dish TV: The annual general meeting of leading DTH service provider

will be held on Thursday, having postponed twice before amid an ongoing fight between Subhash Chandra family-led promoters and its single largest shareholder .

KPI Global Infra: The company has received confirmation of the order for executing a solar power project of 10 MWDC capacity from Colourtex Industries, Surat under the ‘captive power producer (CPP)’ segment.

Kimia Biosciences: The company has been validated for the supply of pharmaceutical raw material (Bilastine) to Bangladesh by the Government of Bangladesh. This certificate of source validation is valid for 3 years from the date of issue.

Deep Industries: The company has received a letter of award from GSPC LNG for the hiring of gas compression services at GSPC LNG Terminal, Mundra, Gujarat, for 5 years. The total estimated value of the contract is approximate Rs 44.40 crore.

Telcos: The telecom tariff hike along with the recent relief package offers sufficient headroom for the industry to undertake deleveraging as well as fund capex for 5G tech upgrade,

said on Wednesday revising outlook on telecom services sector to ‘stable’ from ‘negative’.

Praxis Home Retail: The speciality retail player has settled with regulator Sebi a case of alleged violation of market norms, by paying over Rs 20 lakh towards settlement charges. The firm had allegedly failed to make disclosures of certain material events, in accordance with the Listing Obligations and Disclosure Requirements norms.

Read More: Stocks in the news: BPCL, Bajaj Finance, IRB Infra, Rane Holdings and telcos

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