Stocks to Watch: Nykaa, Vedanta, PTC India, Fortis, Equitas SFB|Mint

Home/ Markets/ Stock Markets/ Stocks to Watch: Nykaa, Vedanta, PTC India, Fortis, Equitas SFB 3 minutes read. Upgraded: 18 Nov 2022, 07: 28 AM IST Livemint Premium Stocks to Watch for Friday NSE will continue to keep Balrampur Chini, Bhel, Delta Corp, Gujarat Narmada Valley Fertilizers and Chemicals, Indiabulls Housing Finance, and Sun television stocks on the list of prohibited securities under the F&O sector for Friday trading as they have actually crossed 95% of the market-wide position limitation. Here is the list of the top 10 stocks that will remain in focus today: FSN E-Commerce Ventures: American investment firm TPG Capital is anticipated to offer 1,000 crore shares of FSN E-Commerce Ventures, which runs under the Nykaa brand name, through a block offer on Friday, according to reports. The offer offers a discount rate of as much as 0.5% from the going rate. The advancement comes days after the lock-in expiration for pre-IPO financiers in Nykaa concerned an end. Vedanta: Billionaire Anil Agarwal-led Vedanta Group notified on Thursday that the business’s board of directors will think about the proposition for payment of the 3rd interim dividend for the fiscal year 2022-23 in the conference to be hung on 22 November2022 The business stated the record date for the function of figuring out the privilege of the equity investors for the stated dividend, if stated, is being repaired as Wednesday, 30 November2022 PTC India Financial Services: State-run PTC India on Thursday reported an over 5-fold development in its net revenue for FY22 at crore12998 crore. “PAT of Rs.12998 crore for FY22 versus2560 crore for FY21(over 400%). The Company is now placed to concentrate on development and efficiency,” the business stated. PTC India’s Profit prior to Tax (PBT) stood at3353 crore and Profit after Tax (PAT) stood at Rs. 24.98 crore for Q4FY22 Fortis Healthcare: Malaysia’s IHH Healthcare on Thursday stated Sebi has actually encouraged it to continue with its stalled open deal to obtain 26.1% market share in Fortis Healthcare just after getting an order from the Delhi High Court. IHH Healthcare had actually gotten a 31.1% stake in Fortis by instilling fresh capital of 4,000 crore in November2018 The business is waiting on a consent to continue with its stalled open deal to obtain an extra 26.1% stake in Fortis. Kirloskar Brothers: Kirloskar Brothers Ltd has actually required an amazing basic conference of its investors on December 8, 2022, to think about the need for a forensic audit of the affairs of the business by an external company, according to a regulative filing. It follows an appropriation by Kirloskar Industries Ltd (KIL) in addition to Atul Kirloskar and Rahul Kirloskar, who together hold 24.92% of Kirloskar Brothers Ltd (KBL), which has, nevertheless, encouraged its investors to turn down the resolution. Equitas Small Finance Bank: DSP Investment Managers Private Ltd (DSPIM) will purchase an almost 10% stake in Equitas Small Finance Bank for a concealed quantity, following approval from the Reserve Bank of India. The bank got an intimation from the RBI on November 16, 2022, that it has actually given approval to DSP Investment Managers Private Ltd (DSPIM) to get as much as 9.99 percent of the paid-up equity capital of the bank through the plans of DSP Mutual Fund (DSPMF). Bajaj Auto: Life Insurance Corporation of India offered 56.68 lakh shares or a 2% stake in the vehicle business, Bajaj Auto, by means of free market deals, according to reports. With this, LIC’s shareholding in the business stands minimized to 5.2% from 7.2% earlier. Bharat Electronics: Bharat Electronics, the Navratna defence PSU, has actually signed an MoU with Armoured Vehicles Nigam Limited (AVNL/AVANI), a defence PSU to collectively resolve domestic and export chances in the locations of fight lorries, primary fight tanks (MBTs), infantry combating automobiles (IFVs), armoured combating cars (AFVs) and associated systems. It has actually likewise signed an MoU with Advanced Weapons and Equipment India (AWEIL), a defence PSU. UltraTech Cement: UltraTech Cement has actually begun operation at its 3rd Birla White Wall Care Putty plant in Rajasthan with a capability of 4 LMT per year, according to reports. The task’s overall expense is187 crore and now the business’s Wall Care Putty capability of 13 LMT per year. Alstone Textiles (India): Alstone Textiles India has actually repaired December 14 as the record date for the sub-division of equity shares. The business stated each share will be partitioned into 10 shares of the small worth of Re 1 each completely paid-up and will establish the eligibility of investors entitled to the issuance of reward equity shares in the percentage of 9 shares of Re 1 each for each 1 existing share of Re 1 each. Capture all business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates. More Less
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