Bajaj Finserv Ltd., Religare Enterprises Ltd., Vedanta Ltd., IndusInd Bank Ltd. and Ircon International Ltd. will be the stocks to watch before going into trade on Tuesday.
Stocks To Watch
Bajaj Finserv: Allianz SE has signed binding agreements to sell its 26% stake in Bajaj Allianz General Insurance Co. and Bajaj Allianz Life Insurance Co. to Bajaj Group for approximately €2.6 billion.
Religare Enterprises: The board initiated a governance review of REL and its subsidiaries, Religare Finvest and Religare Housing Development Finance.
Vedanta: Chairman Anil Agarwal stated that each of the company's four demerged entities has the potential to become a $100 billion enterprise.
IndusInd Bank: Moody's has affirmed the bank's rating while placing its Baseline Credit Assessment under review for a possible downgrade.
Ircon International: The joint venture secured letters of award worth Rs 1,096 crore from the Meghalaya government.
PC Jeweller: The company will allot 51.7 crore shares to consortium lenders via preferential issue to settle Rs 1,510 crore debt.
Coffee Day Enterprises: The company will settle Rs 205 crore outstanding debt in three tranches.
Indian Renewable Energy Development Agency: The company will enhance its borrowing programme for fiscal 2025 by Rs 5,000 crore.
Suryoday Small Finance Bank: Chief Executive Officer Baskar Babu Ramachandran has acquired 1.5 crore shares, increasing the total promoter group's holding in the bank from 22.3% to 22.44%.
Rites: The company has received a revised order for $10.8 million for additional supply and commissioning of electric locomotives.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
