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Stocks in News: These stocks including Apollo Tyres, NTPC, Vedanta, RVNL will be in focus, action will be seen in intraday.

 

Stocks in Focus Today: Some stocks (stocks-in-news) are ready to show action in the volatile market today i.e. on 20th December 2023. Due to positive triggers, these shares may remain in focus in the market today. If you are looking for better stocks in intraday then you can keep an eye on these (stocks-in-focus). Today’s list includes Apollo Tyres, Bandhan Bank, NTPC, Varun Beverages, Vedanta, Deepak Nitrite, RVNL, IREDA, Wipro, Anupam Rasayan, Container Corporation of India, India Shelter Finance Corporation, Doms Industries, Bharat Petroleum Corp, Glenmark Life Sciences. Shares like Embassy Office Parks REIT, ITC, Tech Mahindra are included. Some of them have taken some steps to expand their business and some have received a big order. Some have made changes at the management level and some have recently been listed.

Apollo Tires

White Iris Investments, which holds stake in tire manufacturing major Apollo Tyres, sold its 4.5 per cent stake for about Rs 1,281 crore. According to information available on BSE, White Iris, the public shareholder of Apollo Tyres, sold more than 2.85 crore shares in 22 tranches through open market transactions. This is equal to 4.49 percent stake in Apollo Tyres.

Bandhan Bank

Private sector lender Bandhan Bank has launched a new facility ‘Inspire’ for senior citizens. Under which 8.35 percent interest will be given annually on 500 days fixed deposit.

NTPC

NTPC Group’s electricity production has reached 300 billion units in just 262 days in the current financial year. NTPC said in a statement that the production of 300 billion units is the fastest production of the company till date. This feat was achieved on December 18 in just 262 days, which is 18 days earlier than the previous financial year.

A committee of directors constituted by the board of directors of mining group Vedanta Limited has approved raising up to Rs 3,400 crore through non-convertible debentures. The company will issue NCDs in one or more batches on the basis of private placement.

Rail Vikas Nigam

RVNL and Kerala Rail Vikas Nigam JV emerged as the lowest bidder for the upgradation and redevelopment of Varkala Sivagiri railway station in Kerala. The cost of the project is Rs 123.26 crore and the duration of the project is 30 months.

IREDA

IREDA Board approved raising of unsecured, redeemable, non-convertible, non-cumulative, taxable, bonds of Rs 500 crore on base issue with green shoe option of up to Rs 1500 crore on private placement basis. This is part of the company’s Rs 26,000 crore borrowing program for FY23-24.

wipro

The company’s unit Wipro Holdings has transferred its 100% stake in Designit A/S to Wipro IT Services UK Societies.

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