Last Updated: February 20, 2024, 08:19 IST
Stocks to Watch on February 20: Indian markets began the week on a constructive word on Monday, with Nifty scaling recent new peaks. The broader market continued its outperformance in expectation of enhancements in personal capex and optimism about political stability.
Whirlpool: The promoter agency, Whirlpool Mauritius (WML), which holds 75 per cent stake within the Indian arm, is anticipated to promote 30.4 million shares, or 24 per cent fairness stake, in Whirlpool of India through block offers at Rs 1,230 per share as we speak, recommend stories.
Larsen & Toubro (L&T): The engineering conglomerate is making ready the bottom to start the business sale of electrolysers in September, which might be 50 per cent cheaper than its European counterparts.
Vibhor Steel: Shares of Vibhor Steel will make their debut on the exchanges as we speak. The itemizing is probably going to be stable with a excessive GMP of Rs 140 within the unlisted market.
ONGC: Shareholders of ONGC’s step-down subsidiary Imperial Energy have accredited the formerger of 5 corporations IECL, IENL, RHL, BHL and SAIL (dissolving corporations) with IEL (absorbing firm).
Sula Vineyards: Verlinvest Asia PTE has bought its stake in Sula Vineyards by block offers on Monday, whereas Morgan Stanley picked up some stake within the firm.
Balrampur Chini: To make investments up to Rs 2,000 crore over a interval of 30 months, to enterprise into Poly Lactic Acid Manufacturing enterprise.
CIE Automotive: Reports a turnaround within the December quarter, with consolidated web revenue of Rs 169 crore as in opposition to a web lack of Rs 658 crore within the corresponding quarter a yr in the past.
Mastek: Board accredited allotment of up to 1.6 fairness shares at Rs 2,382 per share for consideration of 39,189 obligatory convertible choice shares.
Oriental Rail Infrastructure: Board to meet on February 22 to think about and approve allotment of 5.06 million fairness shares and 7.50 million warrants convertible into fairness shares at Rs 169 per share.
NBCC: Secured orders price Rs 3,690 crore.
Paisalo Digital: Board meet scheduled on February 22 to think about proposal for fund elevating.
ESAF Small Finance Bank: Board to meet on February 23 to think about a proposal to increase funds by means of issuance of Non-Convertible Debentures on Private Placement foundation.
Morepen Labs: Board meet on February 22 to think about fund elevating proposal.
