Stocks to Watch: Zee Entertainment, Ruchi Soya, Zomato, ICICI Bank, Colgate
The markets are likely to start Thursday’s session on a tepid note owing to fresh spike in oil prices and back-to-back hikes in petrol, diesel rates. As of 07:45 AM, the SGX Nifty March futures quoted at 17,205 – down 70-odd points when compared with the Nifty futures close on Wednesday.
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Ruchi Soya: The company’s Rs 4,300-crore follow-on public offering (FPO) opens for subscription on Thursday. The company has allotted shares worth Rs 1,290 crore to anchor investors ahead of its FPO.
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Piramal Enterprises: Board of directors to meet on March 28 to consider issue of NCDs. Issue size is Rs 375 crore.
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Colgate-Palmolive: Board to consider interim dividend on March 28.
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CSB Bank: The Reserve Bank of India has approved the appointment of Pralay Mondal, Deputy Managing Director, CSB Bank as interim Managing Director and CEO, for three months from April 1, or till the appointment of a regular Managing Director and CEO, whichever is earlier.
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GPT Infraprojects: The company has bagged an order worth Rs 118 crore. This contract is a joint venture, of which GPT’s share is 51 percent.
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Triveni Turbine: Subsidiary Triveni Turbines DMCC has signed an agreement to acquire 70 per cent stake in South Africa-based TSE Engineering Pty Ltd for 11.9 million South African rand, and the deal is expected to be completed by March 31.
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HUL: Leading spice maker MDH Ltd has refuted the reports of a possible sale of its business to FMCG maker HUL. The reports suggested that MDH promoters are in talks to sell their business to HUL.
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Filatex India: The board on March 29 will consider the proposal for the buyback of fully paid-up equity shares of the company.
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Nelco: Nelco and Omnispace announced a strategic cooperation agreement to enable and distribute 5G non-terrestrial network (NTN), direct-to-device satellite services. The collaborative effort will expand the reach of 5G using satellite communication throughout India and South Asia.
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Stocks in F&O ban: Balrampur Chini Mills, Delta Corp, GNFC, Indiabulls Housing Finance, SAIL, and Sun TV Network are under the F&O ban for March 24.
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First Published: Thu, March 24 2022. 07:51 IST
