1 week ago

Stocks in Focus as Companies Report Deals, Results, Changes

Several Indian companies and their shares were in focus because of new business announcements.

Sugar companies benefited after wholesale sugar prices increased.

Aditya Infotech plans to raise Rs 1,500 crore from investors.

Ceigall India’s joint ventures won five road-building orders worth Rs 2,423.70 crore.

Bharat Coking Coal must pause a special blasting permission while it completes a technical study and seeks approval again.

Hyundai Motor India said its vehicles will become up to 1% more expensive.

HDFC Life approved five-year reappointments for its chief financial officer and chief executive officer.

Other companies held meetings, announced results, opened a unit abroad or received a regulatory notice.

Key facts

Sugar prices: Average wholesale sugar prices rose to Rs 48.39 per kg.
Aditya Infotech: The board approved a Rs 1,500 crore fund-raise through a qualified institutional placement.
Ceigall India: Joint ventures secured five Letters of Acceptance from the Ministry of Road Transport and Highways worth a combined Rs 2,423.70 crore.
Bharat Coking Coal: The Directorate General of Mines Safety withdrew permission for controlled deep-hole blasting at New Akashkinaree Colliery.
Hyundai Motor India: Vehicle prices will increase by up to 1% because of input and commodity costs, operating expenses and broader uncertainties.
Wheels India: The company approved up to 1.269 million preferential-issue shares at Rs 1,418 each, raising up to Rs 180 crore.
HDFC Life: The board approved five-year reappointments for CFO Shah and CEO Padalkar.
Other developments: Dr Lal PathLabs incorporated a unit in Uzbekistan, while JSW Dulux received a show-cause notice from the Odisha GST department.

businesstoday.in · 1 week ago