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Stocks in News Today

October 6, 2021

Bharti Airtel (Rights Entitlement): Reliance Mutual Fund acquired 20 lakh shares each at Rs 204.95 per share via two bulk deals on the NSE.

Bajaj Finance: New loans booked at 63 lakh against 36 lakh (YoY). Deposits grew 32.4% at Rs 28,700 crore against Rs 21,669 crore (YoY). Assets Under management as of September 30, 2021 at Rs 1.66 lakh crore. Company’s liquidity position remains strong. Continue to remain well capitalised with CRAR of approximately 27.7% as of September 30, 2021.

Coal India: The board had accorded its in-principle approval to Pre Feasibility Report for setting up of integrated greenfield aluminium project in Odisha which will include bauxite mining, alumina refinery, aluminium smelter and associated captive power plant by its wholly owned subsidiary Mahanadi Coalfields (MCL).

Marico: Revenue growth in September 2021 quarter was in the low twenties, with volume growth close to double-digits on a 2-year CAGR basis. The International business delivered double digit constant currency growth as the company witnessed positive trends in all markets, except Vietnam.

Vedanta: The Vedanta Group will look to bid for buying the government’s stake in Hindustan Copper Ltd as when the state-owned firm is put up for privatisation, its billionaire founder Anil Agarwal has said.

Future Retail: The company terminated Master Franchise Agreement with 7-Eleven stores, citing the inability to meet the target of opening stores and payment of franchisee fees.

Force Motors: The company produced 2,159 vehicles & tractors, and sold 2,240 vehicles & tractors in September 2021.

Phillips Carbon Black: The company closed its qualified institutional placement issue and raised Rs 400 crore by issuing over 1.63 crore shares at Rs 244 per share.

Mahanagar Gas: The company hiked CNG price by Rs 2.59 per kg to Rs 54.57 per kg effective October 4. It has hiked PNG price by Rs 2.27 per scm to Rs 32.67 per scm effective October 4.