Sagar Cements | Avenue Supermarts | Tata Motors | Power Grid | Castex Technologies | Tata Communications and Lemon Tree Hotels are stocks which are in the news today.
Here are the stocks that are in the news today:
Tata Motors: JLR UK’s total sales increased to 9,055 units in November 2018 versus 8,895 units; Jaguar sales falls to 2,716 units versus 6,241 units and Land Rover sales rise to 6,339 units versus 6,241 YoY.
BHEL‘s Rs 1,628-cr buyback offer to open on December 13
PFC to acquire govt’s stake in REC for Rs 15k crore
Power Grid Corporation of India: The company is as the successful bidder under tariff based competitive bidding to establish ‘transmission system for evacuation of power from 2 x 660 MW Jawaharpur Thermal Power Project and construction of 400 kV substation at Firozabad along with associated Transmission Lines’ on build, own operate and maintain (BOOM) basis. This is the first Intra State Transmission System Project won by the company under tariff based competitive bidding.
Sagar Cements: Board approved a proposal to invest Rs 150 crore in Satguru Cement Private Limited (SCPL), Indore, Madhya Pradesh, to set-up a green field cement manufacturing plant of 1 million ton capacity along with waste heat recovery power plant at a total cost of Rs 426 crore, and to invest Rs 108 crore in Jajpur Cements Private Limited (JCPL), Jajpur, Odisha in a phased manner to acquire 100 percent shareholding in it and to set-up through it a green field grinding unit of 1.5 million ton capacity in Jajpur at a total cost of Rs 308.10 crore. Both projects are being planned to be completed by March 2021.
Elecon Engineering board to consider raising Rs 150 crore via NCD on December 10
Avenue Supermarts: Company has issued commercial paper of Rs 100 crore.
Castex Technologies: Lenders withdraw Liberty House’s resolution plan.
Bank Of Baroda: The bank keeps MCLR unchanged in range of 8.15-8.65 percent.
Tata Communications: UROS Group, a global innovator in turnkey IoT solutions and smart connectivity, is collaborating with the company to support the deployment of IoT and Smart City solutions across large commercial and public sector organisations globally.
Nestle India: Board declared third interim dividend of Rs 50 per share for the year 2018.
Lemon Tree Hotels: The company opened its hotel under brand name ‘Lemon Tree Premier’ in Pune which has 201 rooms. It presently operates 52 hotels including managed properties across 31 cities in India.
Trigyn Technologies: New York-based enterprise artificial intelligence startup WhizAI raises $1.1 million in seed funding led by Trigyn Technologies, Inc.
Milestone Furniture: Company successfully completed the contract of Rs 2.33 crore for interior and office furniture with Sudarshan Pharma industries Ltd Group having its office at Borivali, Mumbai. Further company is having in discussion to obtain contract of Rs 2.75 crore for providing facility at godown and sales office for their infra projects.
Sadhna Broadcast: Pooja Aggarwal is appointed as Chief Executive Officer and Satyabrata Mukherjee as Chief Operating Officer of the company.
Ravalgaon Sugar Farm: Board approved sale of land for Rs 28 lakh, candy sugar plant and machinery for Rs 75 lakh, candy sugar plant structure subsequent to the sale of plant and machinery, and capital expenditure of Rs 18 lakh towards construction of factory compound wall plus additional Rs 20 lakh for any additional steps required to protect the property.
Spice Mobility: Madhusudan Venkatachary tendered his resignation as Chief Financial Officer of the company due to personal reasons. Board meeting to be held on December 7 to consider the appointment of new Chief Financial Officer.
Kirloskar Industries clarified that they purchased shares of KBL after seeking necessary pre-clearances and making necessary disclosures in accordance with the then applicable laws. And SEBI had not initiated any inquiry or investigation against the company
ICICI Bank to consider domestic fund raising by way of issuance of senior unsecured long term bonds/ Basel Ill compliant unsecured subordinated perpetual Additional Tier 1 bonds in single/multiple tranches on private placement basis on December 10, 2018
Lalit Kumar Chandel, Economic Adviser, Government of India, Ministry of Finance, Department of Financial Services, has been nominated as Government Nominee Director on the board of ICICI Bank in place of Lok Ranjan
Agro Phos India: Mukta Narang sold 1,08,000 shares of the company at Rs 47.25 per share on the NSE.
Supershakti Metaliks: Asia Investment Corporation Mauritius Limited purchased 1,89,000 shares of the company at Rs 407 per share on the BSE. Bijal Mukesh Shah-HUF (41,400 shares), Jignesh Amritlal Patel (36,600 shares) and Vipul Haridas Thakkar (31,500 shares) were net sellers.
Analyst or Board Meet/Briefings
Elecon Engineering: Board meeting is scheduled on December 10 to consider issuing the non-convertible debentures upto Rs 150 crore on private placement basis and/or to delegate the powers to the committee in this regards alongwith the other Agenda.
Dr Lal PathLabs: Company’s officials will be meeting analysts/institutional investors on December 7, 11, 13 and 14.
Sandhar Technologies: Company’s officials will be meeting mutual fund houses on December 6-7.
Pilani Investment and Industries Corporation: Board meeting is scheduled on December 13 to consider unaudited financial results of the company for the quarter and six months ended September 2018.
Moschip Semiconductor Technology: Board meeting is scheduled on December 10 to consider the change in name of the company.
Associated Alcohols & Breweries: Company’s officials will be meeting investors in the non-deal road show on December 6 in Mumbai and attending conference organised by Systematix Shares and Stocks (India) Limited on December 7.
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