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Monday, 29 January 2018

Capitalstars Updates: Top stocks in focus today: Avenue Supermarts, Vakrangee, Newgen Software, Bhushan Steel: 29 JAN 2018

Capitalstars Updates: Top stocks in focus today


These companies will be in focus during trade today based on recent and latest news developments.

Newgen Software stock listed at 3.3% premium over issue price. The stock listed at Rs 253 on the BSE.

Avenue Supermarts will acquire the remaining 50.8% stake in its arm Avenue e-commerce for Rs492.12 mn.

Bank Of Maharashtra board of directors will meet on Wednesday, to consider the proposal of raising equity via preferential allotment of shares to the government, the lender said in a notice to the exchanges.

Bhushan Steel says Piramal Enterprises will join JSW STEEL and its Japanese business partner JFE Steel Corp to bid for the company, as per media report.

Bharat Forge has incorporated a wholly-owned subsidiary in Israel, Indigenous IL.

Coal India has decided to extend third-party sampling of coal to its e-auction and other non-power customers for the first time.

Deepak Nitrite closed its qualified institutional placement on Friday, and fixed the issue price at Rs264 a share.

DLF has called a board meeting on Dec 1 to approve its proposals to issue equity shares to institutional investors and warrants or debentures to promoters.

Future Supply Chain Solutions has entered into an agreement with Jasper Infotech, which also owns Snapdeal, to acquire Vulcan Express for 350 mln rupees in cash.

Havells India board has approved an investment of up to Rs3.60 bn in three years for setting up of a new consumer durables manufacturing facility in Rajasthan.

Hindustan Copper board will meet on Jan 31 to consider raising funds through a qualified institutional placement.

Idea Cellular has approached the government for raising foreign direct investment level in the company to 100%.

PC Jeweller says Vakrangee purchased 2 mn shares of the company for a little over Rs1.12 bn through an open market transaction.

Persistent Systems board has declared an interim dividend of Rs7 per share.

Prataap Snacks has entered into a new contract for third party manufacturing of potato chips at Ahmedabad, Bengaluru and Kolkata.

PVR Managing Director Ajay Bijli have paid a total fine of Rs2.32 mn to settle certain violations of the listing norms, said SEBI in an order.

Raymond has proposed to buy 26% stake in Shahane Solar Power for Rs520,000 to purchase power for consumption facility in Thane.

Reliance Industries subsidiary Reliance Jio Infocomm has announced a new 49-rupee pack for JioPhone users, which will give them 1 GB of high-speed data and free voice calls for 28 days.

Shriram Transport Finance Co has agreed to sell majority stake in wholly-owned subsidiary Shriram Automall India Ltd to MXC Solutions India for Rs1.56 bn, the non-bank lender said in a note accompanying its results.

Spicejet Chairman Ajay Singh has said that he aims to make the airline an international-level carrier with long-haul flights in the next one or two years.

Tata Steel has sought to submit a fresh bid for ELECTROSTEEL STEELS on grounds that clarity had emerged regarding taxes that have to be paid on acquiring a stressed asset, sources said.

NMDC says Steel mills and sponge iron manufacturers, both users of iron ore, have urged the company to immediately cancel its latest price hike.

UPL has acquired 24.5% stake or 2.08 mn shares in subsidiary UPL Agromed Tarim Ilaclari Ve Tohumculik San ve Tic A.S for 1.35 mn euro (about Rs107.10 mn).

Vedanta has been awarded two bauxite mines in Odisha by the state government, a top official said, confirming the move that will help reverse the massive financial drain the group has endured since 2013.




Investment  & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

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