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Stocks in the News (07 Sep):
PVR has deferred
its capital expenditure plans in a bid to control costs as the financials of
the company has been badly impacted due to the ongoing COVID-19 pandemic.
Vodafone Idea –
The company Board on Friday approved fund raising of upto Rs 25,000 crore by
way of share sale and debt from new investors. Further, the company is likely
to make a strategic announcement today.
Nalco – National
Aluminium Co Ltd on Friday reported 82.9% drop in consolidated profit at Rs 16.7
crore for quarter ended June 30 versus Rs 98 crore in the same period of previous
year, revenue at Rs 1,380.6 crore versus Rs 2,084.1 crore YoY.
Lakshmi Vilas Bank
(LVB) plans to raise up to nearly Rs 1,500 crore to fund business growth
and increase foreign shareholding to up to 74%.
REC Subsidiary
received 10 MW solar power project order in Rajasthan.
Jubilant Life Sciences reported a 52.42% drop in its
consolidated net profit to Rs 88.01 crore for the quarter ended June 30, 2020.
Jubilant Industries
board approved sale of land and building of manufacturing unit at Village
Nimbut, Pune for Rs 12.35 crore, and plant and machinery for Rs 0.95 crore to
Jubilant Life Sciences.
BPCL -The
government will provide guidance on employee protection, asset stripping and
business continuity in Bharat Petroleum Corp Ltd (BPCL) to potential acquirers
of the company only at a later stage of bidding, according to privatisation
rules issued by the disinvestment department.
Sterling & Wilson
on Sunday announced that it has bagged orders worth AUD 300 million (Rs 1,600
crore) for two large solar projects in Australia.
NLC India consolidated
net profit in Q1FY21 increased by 21.04% yoy, at Rs343.48cr compared to Rs283.77cr in Q1FY20.
Mangalore Refinery
& Petrochemicals -Shareholders on September 18 will consider to raise
funds upto Rs 5,000 crore through issue of NCDs/ bonds.
Tata Motors DVR ‘A’
Ordinary -Promoter Tata Sons acquired 53,02,681 shares in company at Rs
56.02 per share on the NSE.
Nandan Denim reported
loss at Rs 19.3 crore for Q1FY21 versus profit Rs 3.2 crore for Q1FY20, revenue
at Rs 55.16 crore versus Rs 460.33 crore YoY.
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