14/12/2022
Stocks in News for *Today*
*UltraTech Cement:* Commissioning 1.9 MTPA greenfield clinker-backed grinding capacity at Pali, Rajasthan. (Positive)
*Reliance Ind:* Heads Up Ventures enters into a pact with Reliance Retail to sell its products (Positive)
*Tata Motors:* Board approves partial divestment of the companyβs investment in Subsidiary Tata Technologies through IPO route (Positive)
*HDFC:* BSE & NSE give in-principle approval to merger with HDFC Bank (Positive)
*Delta Corp/Nazara Tech:* GoM report on online gaming, casinos and race courses unlikely to be taken up in the upcoming council meeting (Positive)
*Bank of Baroda:* Board approved divestment of holding in Nainital Bank (Positive)
*TVS Motor:* Plans to launch Euro-5 two-wheelers in Turkey (Positive)
*Gold Loan NBFCs:* Gold prices pierced and sustained above $1800/oz (Positive)
*Oil upstream stocks:* Brent again crossed $80/barrel on supply risks amid ongoing Keystone outage (Positive)
*PEL:* Piramal Capital acquired 100% stake in PRL Agastya for Rs 90 cr (Neutral)
*Yes Bank:* Board approves allotment of shares & warrants to Carlyle Group & Advent Intl (Neutral)
*Patel Engineering:* Company to consider fund raise via Rights Issue on December 16 (Neutral)
*Adani Transmission:* Says incorporates unit Adani Cooling Solutions (Neutral)
*IFB Industries:* The company has received approval from board of directors for investment of up to Rs 97 crore in equity issue of IFB Refrigeration in one or more tranches. (Neutral)
*Axis Bank:* The private sector lender has received board approval for allotment of 12,000 non-convertible, Basel III compliant Tier II bonds (Neutral)
*Sagar Cement:* Company to consider a draft scheme of amalgamation for the proposed merger of its wholly-owned subsidiary Jajpur Cements with itself (Neutral)
*Paytm:* Board approves Open Market share Buyback up to Rs 850 cr at max Rs 810/share. (Negative)
*Bayer Crop:* Company temporarily discontinued operations at crop protection formulations plant at Himatnagar (Negative)
*Oil downstream stocks:* Brent again crossed $80/barrel on supply risks amid ongoing Keystone outage (Negative)