Stocks To Watch: Coal India, Indian Hotels, Jubilant FoodWorks, LIC Housing Finance, PFC

Stocks To Watch: Coal India, Indian Hotels, Jubilant FoodWorks, LIC Housing Finance, PFC

India stocks ended higher, helped by gains in energy and information technology companies, while shares of Adani pared losses after denying a media report that some overseas investors’ account were frozen. The S&P BSE Sensex reversed decline of as much as 1% to close 0.2% higher at 52,551.53 while the NSE Nifty 50 Index rose 0.1%, with both guages ending at a fresh record. Here are the stocks to watch in trade today:

JSW Ispat Special Products: Promoter AION Investments Private II Ltd to sell up to 9.94 crore shares, representing 21.18% of the total equity share capital through an offer for sale. The floor price of Rs 27 per share is at discount of 52.92% to Monday’s closing price. The OFS opens for non-retail investors today and for retail investors tomorrow.

SBI Cards and Payment Services: Approved allotment of 5,000 unsecured NCDs of Rs 10 lakh each aggregating to Rs 500 crore on private placement basis. The coupon rate is fixed at 5.55% per annum for a period of 3 years.

Care Rating: Securies Appellate Tribunal has reduced the Rs 1 crore penalty imposed by SEBI in 2020 to Rs 10 lakh. SEBI after conducting adjudication proceedings in relation to credit ratings assigned to one of customers had a imposed a penalty on the company.

Clariant Chemicals (India): Clariant AG has agreed to sell its pigments business to Heubach Group and SK Capital Partners at an enterprise value of CHF 805 million to CHF 855 million on a cash and debt free basis. Clariant will reinvest to become a 20% shareholder alongside Heubach and SK Capital in the ultimate holding company. The sale is expected to be completed in the first half of 2022.

NHPC : Signed a MoU with Bihar State Hydro-Electric Power Corporation for execution of 130.1 MW Dagmara HE Project in the state on ownership basis. The state government will provide a grant of Rs 700 crore for the project.

Zuari Agro Chemicals: Resumed production at Ammonia and Urea Plants at Zuarinagar in Goa on June 13.

Can Fin Homes: National Housing Bank has imposed a penalty of Rs 29.13 lakh plus applicable GST at 18%. The company had accepted individual deposits aggregating to Rs 14.56 lakh from five small depositors for a period of less than 12 months, in contravention of para 4 of the HFCs (NHB) […]

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