NTPC, Cipla, SAIL, Tata Chemicals, and more stocks are today's stocks to watch.

  • Aug. 17, 2022, 12:41 p.m.

The market clocked greater than 1/2 of a percent benefit and closed at a clean four-month high, persevering with the uptrend for the 6th consecutive session. Positive worldwide cues supported the marketplace, whilst auto, banking and economic services, oil and gas, and choose steel and pharma shares aided the rally. The benchmark indices had a gap-up starting on Tuesday. The BSE Sensex rose 379 factors to 59,842, whilst the Nifty50 climbed 127 factors to 17,825. Stocks in News Bajaj Hindusthan Sugar The State Bank of India has filed an insolvency petition with the National Company Law Tribunal (NCLT) towards Bajaj Hindusthan Sugar, the agency stated in an change submitting on August 16. The petition has been filed on the Allahabad bench of the National Company Law Tribunal beneathneath the Insolvency and Bankruptcy Code, the submitting showed. Bajaj Hindusthan Sugar owes almost Rs 4,800 crore to banks like SBI, Punjab National Bank, Indian Bank, and Central Bank of India. Cipla The inventory may be in awareness after the agency stated it appointed Ashish Adukia as worldwide leader economic officer. Dinesh Jain turned into relieved of extra obligations as intervening time leader economic officer of the agency. Jain will preserve as senior vice chairman and head of company finance. The agency additionally stated that the United States Food and Drug Administration has started an inspection of the Goa plant today. The Goa facility turned into issued a caution letter in February 2020. SBI Cards and Payment Services The inventory may be in awareness after Informist pronounced that the Reserve Bank of India is towards unregulated companies issuing credit score playing cards. The agency also can provide credit score playing cards after you have an RBI license, the file stated. Hindustan Zinc A PTI file stated ICICI Securities, Axis Capital and Citigroup Global Markets are the various 5 funding bankers decided on to control the sale of the government’s 29.fifty three in keeping with cent residual stake withinside the agency. The Department of Investment and Public Asset Management (DIPAM) had in early July invited bids from service provider bankers for handling Hindustan Zinc Ltd.'s (HZL) residual stake and set July 28 because the cut-off date for installing bids. Bharat Gears The agency will do not forget an advantage percentage difficulty on August 19. Techno Electric & Engineering The organization knowledgeable exchanges that it has were given new orders for flue fueloline desulphurisation (FGD) totalling Rs 1455 crore. It were given orders really well worth Rs 666 crore from Rajasthan Rajya Vidya Utpadan Nigam Limited Kota and Rs 789 crore in orders from Rajasthan Rajya Vidya Utpadan Nigam Limited Jhalawar. Future Enterprises The Future Group organization stated its non-government director, Chandrapraksh Toshniwal, has resigned from the board of administrators with impact from August 16, 2022, because of occupational and private commitments. FEL turned into a part of the nineteen institution businesses running in retail, wholesale, logistics, and warehousing segments. Future Lifestyle Fashions The beleaguered organization pronounced a widening of its consolidated internet loss to Rs 1,879.ninety one crore withinside the fourth region ended March 2022 because of the closure of shops and better expenses. The agency had published a consolidated internet lack of Rs 149 crore withinside the January-March region a year ago.

Author : Rajdhani Delhi Representative

Rajdhani delhi representative

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