Market Fatafat: Stock that are making news today

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KEY HIGHLIGHTS

  • Welspun Corp completes acquisition of Nauyaan Shipyard
  • Seshasayee Paper wins bid for acquisition of Servalakshmi Paper
  • Hatsun Approved rights issue to shareholders

Let’s talk about a few stocks that are in focus today.

1 – WELSPUN CORP
Welspun Corp has acquired the entire share capital of Nauyaan Shipyard, a company with objects, inter alia, of shipbuilding, shippers, ship-owners, repairers, re-fitters, fabricators etc., from a related party at a fair value consideration of ₹1 lakh.

2 – BRITANNIA & ITC

Chicago wheat futures declined on export woes and worries about an economic slowdown hurting grain demand.

3 – SESHASAYEE PAPER

Emerged as the successful bidder in the e-auction for the acquisition of the assets of Servalakshmi Paper on liquidation on a Going Concern basis.

4 – HATSUN AGRO

Considered and approved, subject to receipt of relevant approvals from the regulatory authorities, as may be required, issue of Equity Shares by way of a Rights Issue to the existing shareholders of the Company on a record date for an amount not exceeding ₹400 cr.

5 – SUGAR STOCKS SEE SWEET GAINS

The top sugar-producing state of Maharashtra is set to churn out record levels for the second year in a row as farmers have expanded the growing area for the cane crop. Dhampur Sugar, Balrampur Chini & Dalmia Bharat all were buzzing in trade today.

6 – INOX WIND

Inox Green Energy has planned to launch ₹740 cr IPO in the next 30-45 days. The company will focus on the Indian market initially.

7 – CAMPUS ACTIVEWEAR & METRO BRANDS

Motilal Oswal has initiated coverage on Metro Brands with a target of ₹1000 per share & on Campus Active Wear with a target of ₹1000 per share

8 – CAN FIN HOMES

Girish Kousgi has resigned as Managing Director &CEO of the company.

9 – INDO COUNT

Indo Count has partnered with Premiere fitness global brand “GAIAM” in Home Textiles. This is the first expansion into the bedding and bath categories.

10 – MAP MY INDIA

CE Info launches MapmyIndia Swadeshi Consumer App, Logistics Tech & APIs. The Logistic Solutions of the company are integrated with the Government’s National Logistics Policy.

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