Stocks To Watch: Reliance Power, ONGC, Aditya Birla Capital, RVNL, PB Fintech, EPACK Durable
Reliance Power Ltd., Oil and Natural Gas Corp. Ltd., and Aditya Birla Capital Ltd. will be the stocks in focus before going into trade on Wednesday.
The Solar Energy Corp. withdrew the order banning Reliance Power from participating in all the future tenders for three years. while ONGC invested over Rs 10,000 crore in arm ONGC Petro Additions (OPaL) by way of subscription of shares on the right basis.
Aditya Birla Capital invested Rs 300 crore in the arm Aditya Birla Housing Finance on a rights basis.
Reliance Power: The Solar Energy Corp. withdrew the order banning the company from participating in all the future tenders for three years. This means the company and its units, except Reliance Nu Bess, are now eligible to participate in all SECI tenders.
ONGC: The company invested over Rs 10,000 crore in its arm ONGC Petro Additions (OPaL) by way of subscription of shares on a right basis.
Aditya Birla Capital: The company invested Rs 300 crore in its arm, Aditya Birla Housing Finance, on a rights basis.
Indian Energy Exchange: The total electricity trade volume in November rose 15.7% year-on-year to 9,689 million units. The Day-Ahead Market (DAM) volume increased 9.8% to 5,651 MU in November from 5,144 MU in the same month last year.
Kaynes Technology: The company acquired a 54% stake in Austria-based Sensonic, which is a provider of Distributed Acoustic Sensing (DAS) solutions to monitor railway infrastructure.
RVNL: The company received an order worth Rs 187 crore from East Central Railway.
EPACK Durable: The company incorporated wholly owned subsidiary EPACK Manufacturing Technologies. It also informed SIIB officials, who initiated a search at the Rajasthan manufacturing facility on Dec. 2, which concluded with the search without seizing any documents or items.
India Glycols: Promoter Kashipur Holdings increased its stake from 38.14% to 50.35%, making it the holding company. Aggregate shareholding of promoter and promoter group remains at 61.01%.
PB Fintech: The company incorporated PB Healthcare to carry on healthcare services business.
Quess Corp: The company will acquire the catering business of Archer Integrated Services and Astrin Traders and Supplies for Rs 11 crore.
Stock Going Into Ex-Trade
Can Fin Homes will announce an ex-record interim dividend on Wednesday.
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