Stocks in the news: PNB, BHEL, IOC, Blue Star, Godrej Properties and DLF

Stocks in the news: PNB, BHEL, IOC, Blue Star, Godrej Properties and DLF
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Punjab National Bank (PNB) has set up a wholly-owned subsidiary to manage its credit card business.

Reuters
CA Rover Holdings divested 4.25 per cent stake in SBI Cards and Payment Services Ltd for Rs 3,943 crore through an open market transaction.

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Nifty futures on the Singapore Exchange traded 166 points, or 1.12 per cent, higher at 14,937.50 in signs that Dalal Street was headed for a gap-up start on Thursday. Here are a few stocks which may buzz the most in today's trade"

PNB: State-run (PNB) has set up a wholly-owned subsidiary to manage its credit card business, the bank said on Wednesday.

BHEL: The state-owned engineering firm said it has emerged as the lowest bidder for supply of equipment for 6x700 MW nuclear power projects of Nuclear Power Corporation of India.

SBI Card: CA Rover Holdings divested 4.25 per cent stake in SBI Cards and Payment Services Ltd for Rs 3,943 crore through an open market transaction.

Godrej Properties: The company said it will launch 10 projects in Q4, the highest ever in any quarter .

IOC: State-owned Indian Oil Corporation () and Israeli battery developer Phinergy formalised a joint venture to manufacture ultra-lightweight metal-air batteries for electric vehicles (EVs), a venture that got its first customers in and Ashok Leyland.

Blue Star: The company expects a growth of 25 per cent in sales of refrigeration products and cooling products next fiscal compared to 2019-20, according to a top company official. The company did not rule out the possibility of a hike in prices following the rise in raw material and freight charges. This proposed move follows the earlier price increase in January.

DLF: Realty firm plans to raise up to Rs 500 crore through issue of non-convertible debentures (NCD) to investors.

Gravita India: The company said it has re-appointed Mahavir Prasad Agarwal as Chairman.

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