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Stocks in News Today

December 2, 2021

IIFL Finance | Smallcap World Fund Inc acquired 1 crore equity shares in the company at Rs 300 per share, however, Hamblin Watsa Investment Counsel Limited A/C HWIC Asia Fund Class A Shares sold 1,21,65,000 equity shares in the company at Rs 300.04 per share on the BSE, the bulk deals data showed.


Capital Trust | The company recently enhanced its branch network by opening 71 new branches, taking total branch network to 315 branches spread across 94 districts in 10 states.


RITES | Ministry of Railways intimated the company that new line between Belgam — Dharwad and via kittur, new line between Shimoga-Shikaripura-Ranebennur, and Tumkur-Devangere via Chitradurga project will not be executed by the company.


Marathon Nextgen Realty | The company has approved the proposal of offer and issue of debt security in the form of non-convertible debentures, of Rs 450 crore, by way of private placement basis, in one or more tranches.


Maruti Suzuki India | The company produced 1,45,560 vehicles in November 2021, against 1,50,221 vehicles in November 2020.


Raymond | The company approved Rs 800-crore IPO of its subsidiary JK Files & Engineering.


Infosys | The company announced the extension of its strategic collaboration with Proximus, Belgium’s leading digital services and communications solutions provider, to digitally transform, develop, and maintain their IT applications with leading AI and automation solutions.


Mahindra Logistics | The company, and LOGOS, a leading Asia Pacific logistics specialist, have announced a long-term lease agreement for 1.4 million square feet of warehouse facilities at the LOGOS Luhari Logistics Estate in DelhiNCR.


Coal India | The company, which accounts for over 80 percent of domestic coal output, said its production rose by 4 percent on year to 53.8 million tonnes in November. The company’s output in the April-November period also increased to 353.4 MT from over 334.5 MT in the year-ago period.


India Grid Trust | Consortium of subsidiaries IndiGrid 1 and IndiGrid 2 has received the Letter of Intent from REC Power Development and Consultancy to establish ‘transmission system for evacuation of power from Renewable (RE) projects in Osmanabad area (1 GW) in Maharashtra’ on build, own, operate and maintain (BOOM) basis.


Eicher Motors | Motorcycles sales declined 19 percent to 51,654 units in November 2021, from 63,782 units in November 2020.


Atul Auto | The company’s sales in November 2021 declined 16.05 percent to 1,344 units, from 1,601 units in November 2020.


Tata Motors | The company registered total sales of 62,192 units in November 2021, growing by 25 percent over last year.


NMDC | The company announced iron ore production of 3.34 MT in November 2021 against 3.32 MT in November 2020, and sales of 2.88 MT against 3.3 MT in same period.