Stocks in the News (28 Aug):
Edelweiss Financial Services – Hong Kong-based private equity group PAG picked a 51% stake in Edelweiss Wealth Management by making a strategic investment of Rs 2,200 crore.
NMDC – Profit after tax for the Q1FY21 down by 55% to Rs 533 crore. The company had posted Rs 1,179 crore PAT in the corresponding quarter in 2019-20.
HCC – Consolidated net loss for the quarter ended June 2020 stood at Rs 409.26 crore against profit of Rs 99.74 crore in the year-ago period.
HAL – HAL’s offer for sale (OFS) on Thursday valued Rs 5,000-crore saw oversubscription in the institutional investor segment with bids for 42.6 million shares as against 40.13 million on offer.
Max India – Max Group will relist its arm Max India on bourses for shares trading on Friday, enabling shareholders to unlock value from the growth in emerging senior-care and retirement homes sector.