Stock Corner
1.
Bajaj Hindusthan
Sugar plans to sell its entire 17.51 percent stake in the group firm Lalitpur
Power Generation Company Ltd (LPGCL), estimated to be worth Rs 1,100 crore.
2.
IDBI Bank
share price rallied 10 percent intraday on Wednesday on reports that there
could be open offer from country's largest insurance company LIC. The rally was
in addition to more than 10 percent upside in previous two consecutive
sessions, taking total this week's gains to more than 21 percent.
3.
State Bank
of India’s shares were trading almost 1.5 percent lower on Wednesday morning on
a report of fraud at the lender worth Rs 136 crore.
4.
Shares of
Axis Bank gained around a percent in the morning trade on Wednesday as
investors cheered the news of possible successors to existing MD Shikha Sharma.
5.
Share price
of Kridhan Infra rose 7 percent in the
opening trade on Wednesday as it won an order worth Rs 74.2 crore. The
company's associate company Vijay Nirman Company (VNC) has won new orders worth
Rs 74.2 crore, which includes construction work at IGI Airport, Delhi. These
are to be completed within 5-7 months.
6.
Tata Motors
unit picked up 26% stake in freight aggregator company Truckeasy.
7.
SRF plans to
set up a BOPET manufacturing line and resin plant in Thailand for $60mn.
8.
Bajaj
Hindusthan to seek shareholders’ nod for sale of Lalitpur Power Generation to
Bajaj Energy, a related party for Rs1.097.5cr.
Missed call
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