Stocks in the news: Eros\, J&K Bank\, Reliance Power\, Jet Airways\, BoB and Den Networks
Stocks in the news: Eros, J&K Bank, Reliance Power, Jet Airways, BoB and Den Networks
M&M said it will shut production across plants for up to 13 days in the ongoing quarter.
NEW DELHI: Nifty futures on the Singapore Exchange were trading 56 points, or 0.47 per cent, higher at 11,953, indicating a gap-up start for the Nifty50. Here are a few stocks which may buzz the most in today’s trade:
Eros International: Even as Eros was making efforts to assuage investor concerns, a US-based forensic financial research firm said much of the receivables that the company had claimed might not be existing and accused its promoters of engaging in “highly irregular related-party transactions” which “appear designed to hide receivables”.
J&K Bank: In a surprise move, the Jammu and Kashmir government removed J&K Bank Chairman Parvez Ahmad, and Anti-Corruption Bureau carried out a raid at the lender's corporate office in connection with alleged fraudulent appointments.
Reliance Power: Anil Ambani Group firm Reliance Power reported a net loss of Rs 3,558.51 crore for the quarter ended March 31, as against a net profit of Rs 189.21 crore in the year-ago period.
Den Networks: Icra has upgraded ratings of the company's fund-based term loans, fund-based working capital facilities and non-fund based working capital facilities.
Bank of Baroda: As resolution through the insolvency courts keep getting delayed inordinately, the state-run bank has put on sale non-performing loans amounting to Rs 9,060 crore, including two large accounts - Bhushan Power & Steel and Alok Industries which are undergoing insolvency process but delayed.
JSW Steel: Amid the row over the proposed move to sell 3,667 acres of government land in Ballari district to JSW Steel after expiry of lease period, the company Saturday said it never does anything "illegal" or "disadvantage" the people of Karnataka.
Adani Ports and Special Economic Zone (APSEZ): The company is seeking to raise about $750 million by selling overseas bonds in the first major foreign issuance by a local infrastructure company after the ruling combine was voted back to power with a stronger majority.
RIL, ONGC & Vedanta: State-owned ONGC and Anil Agarwal-led Vedanta are set to win nine oil and gas blocks each in the latest auction, while Reliance Industries and its British partner BP are set to win KG basin gas block.
Vodafone Idea: Shareholders and creditors of telecom operator Vodafone Idea have approved plan to transfer optical fibre assets to its wholly-owned subsidiary Vodafone Towers Limited.
Bombay Burmah: Ness Wadia, convicted in Japan for possession of cannabis, will continue as director on the board of the Wadia Group’s companies following a legal opinion by a former Supreme Court judge that supports this. Wadia is the managing director of Bombay Burmah and a director of Britannia and other group companies, including National Peroxide and Bombay Dyeing
Jet Airways: The Mumbai bench of the bankruptcy court is scheduled to hear today insolvency petitions filed against Jet Airways by two of its suppliers, a development that could hurt the efforts of banks to cobble together a deal with investors to revive the grounded airline.
Coal India: State-owned Coal India will look to hire merchant bankers to carry out financial due diligence for acquiring equity stakes in identified mines and companies in Australia as part of its plan to meet the growing dry fuel demand in the country.
Kotak Mahindra Bank: The Reserve
Bank of India (RBI) imposed a penalty of Rs 2 crore on
KotakMahindraBank for not complying with the central
bank's directions to furnish details of its promoter shareholding.
Mahindra & Mahindra: Homegrown auto major Mahindra & Mahindra (M&M) said it will shut production across plants for up to 13 days in the ongoing quarter to adjust to market demand.
SAIL: State-owned steel maker SAIL has received a positive response from the Odisha government on its request of land allocation to set up a coast-based plant in the state, a top company official said.
BOARD MEETINGS Insider Buys:
NCL Industries ltd: Ashven Datla has bought 1,14,000 shares through Market Purchase on Jun 4, 2019.
NCL Industries ltd: Kalidindi Ravi has bought 1,31,000 shares through Market Purchase on Jun 4, 2019.
Globus Spirits Limited: Shekhar Swarup has bought 15,000 shares through Market Purchase on Jun 6, 2019.
Jindal Stainless Limited: Abhyuday Jindal has bought 1,17,223 shares through Market Purchase from Jun 3, 2019 to Jun 4, 2019.
NRB Bearing Limited: Harshbeena Sahney Zaveri has bought 72,897 shares through Market Purchase from Jun 3, 2019 to Jun 4, 2019.
S Chand And Company Limited: Dinesh Kumar Jhunjhnuwala has bought 30,000 shares through Market Purchase on Jun 6, 2019.
S Chand And Company Limited: Himanshu Gupta has bought 30,000 shares through Market Purchase on Jun 6, 2019.
Insider Sells:
Bajaj Finance Limited: Shri Deepak Reddy has sold 35,934 shares through Market Sale on Jun 6, 2019.
Edelweiss Financial Services Limited: Berjis Desai has sold 1,37,500 shares through Market Sale on Jun 4, 2019.
JSW Steel Limited: Beaufield Holdings Limited has sold 10,60,773 shares through Market Sale on Jun 3, 2019.
L&T; Technology Services Limited: Larsen & Toubro Limited has sold 2,32,673 shares through Market Sale on Jun 6, 2019.
Navin Fluorine International Limited: Nandakumar Narayanan Thattamparambil has sold 19,708 shares through Market Sale from May 13, 2019 to May 31, 2019.
NIIT Limited: Devenderjit S Chadha has sold 53,200 shares through Market Sale from Jun 3, 2019 to Jun 4, 2019.
PNB Housing Finance Limited: Vimal Chawla has sold 20,000 shares through Market Sale on Jun 3, 2019.
Teamlease Services Limited: Ned Consultants Llp has sold 25,000 shares through Market Sale on Jun 4, 2019.
Thomas Cook (India) Limited: Madhavan Menon has sold 50,000 shares through Market Sale on Mar 6, 2019.
V-Guard Industries Limited: V R Sureshkumar has sold 15,000 shares through Market Sale from Jun 3, 2019 to Jun 4, 2019.
Wipro Limited: Santhosh G Nair has sold 25,000 shares through Market Sale on Jun 3, 2019.
Note: Disclosure made under Reg 13(4), 13(4a) of SEBI (IT) regulations 1992.
