Stocks To Watch: NBCC, KEC, Waaree Renewable Tech, Godrej Properties, LIC
Sonata Software, Ujjivan Small Finance Bank, PCBL and Natco Pharma will be some of the other stocks to watch before going into trade.
NBCC (India) Ltd., KEC International Ltd., Waaree Renewable Technologies Ltd. and Godrej Properties Ltd. will be the stocks in focus before going into trade on Thursday.
NBCC (India) signed a memorandum of understanding with Housing and Urban Development Corp. on Wednesday. KEC International announced that it secured transmission and distribution orders of Rs 1,704 crore from Power Grid Corp.
Godrej Properties has set the floor price for its qualified institutional placement. The company is looking to raise Rs 4,000 crore through the QIP.
Hudco, NBCC (India): Housing & Urban Development Corp. signed a memorandum of understanding with NBCC (India) Ltd. for the development of a 10-acre land parcel owned by Hudco in Noida. NBCC will handle the execution of the project, which is estimated to cost Rs 600 crore.
KEC International: The company has secured an order worth Rs 1,704 crore in its transmission and distribution business from Power Grid Corp. With these new orders, the company's year-to-date order intake has reached Rs 16,300 crore.
Sonata Software: The company has received a multi-million-dollar modernisation deal in Australia from a global company.
Waaree Renewable Technologies: The company has received a term sheet for constructing work for a solar PV project worth Rs 1,233 crore.
Ujjivan Small Finance Bank: The bank has successfully sold its stressed loan portfolio, including a written-off loans pool with an outstanding value of Rs 270.4 crore as of Sept. 30, 2024, to an asset reconstruction company via the Swiss challenge method for Rs 40.6 crore.
PCBL: The Andhra Pradesh government has allocated 116.6 acres of land for the company's chemical unit. The company plans to establish a manufacturing plant in the state with an investment of Rs 3,718 crore.
Natco Pharma: The company has sold land with clear and marketable titles, covering approximately 14.4 acres in Telangana for Rs 116 crore, which includes certain infrastructure costs.
Godrej Properties: The company launched its qualified institutional placement at a floor price of Rs 2,727 per share. The floor price is at a discount of nearly 4% from current market price.
Ashoka Buildcon: The company has submitted a bid for a project with Madhya Pradesh Poorv Kshetra Vidyut Vitaran, and the accepted bid price for the project is Rs 193 crore.
Life Insurance Corp: It has filed an appeal in Maharashtra against an order demanding Rs 530 crore in goods and services tax, including interest and penalty, for fiscal 2020.
Stock Going Into Ex-Trade
Procter & Gamble Health. to trade ex-dividend on Thursday for its Rs 60 interim dividend that the company announced earlier this month.
