Witty futures on the Singapore Stock Exchange traded 17 points, or 0.10 percent higher, at 17,873, indicating that Dalal Street was headed for a positive start on Wednesday. Here are a dozen stocks that may emerge higher in today’s trade:
NTPC: The state-owned electricity giant launched a tender for a term loan of Rs 5,000 crore from financial institutions. According to the document, bids can be submitted until 11:00 a.m. on August 31. The minimum loan amount offered by banks or FIs should be Rs 500 crore or in multiples of Rs 500 crore.
Cipla: The pharmaceutical company said it appointed Ashish Adukia as its global chief financial officer. Dinesh Jain was relieved of additional responsibility as the company’s interim chief financial officer. Jain will continue as senior vice president and head of corporate finance. The company said the USFDA has started inspection of the Goa plant today.
SAIL: The state-owned steelmaker will produce a certain amount of special rails used in high-speed freight corridors and metro rail projects this year, according to a company official. It has set up a facility for the production of hardened head (HH) rails at the new Universal Rail Mill (URM) at its Bhilai Steel Plant (BSP) in Chhattisgarh.
Asset management company: Promoter BRDN Investment Management sold its 5.58 per cent stake or 1.19 million shares of the mutual fund sponsor for Rs 1,935.63 each aggregating to Rs 2,303.4 crore through a transaction of open market, according to BSE bulk trade data.
Mahanagar Gas: The city gas distributor reduced the prices of PNG cooking fuel and CNG auto fuel, following an increase in the allocation of domestically produced natural gas by the government. The price of PNG has been reduced by Rs 4 per standard cubic meter to Rs 48.50 per SCM, while that of CNG by Rs 6 per kilo to Rs 80 per kg.
Bajaj Electricals: The consumer durables maker elevated its executive director Anuj to managing director and chief executive officer (CEO). The company has separated the position of chairman and CEO and its patron Shekhar Bajaj will continue as the company’s executive chairman.
Bajaj Hindustan: State lender SBI has filed for insolvency against the country’s largest sugar company
. SBI as a financial creditor has filed the suit before the Allahabad bench of the National Company Law Tribunal (NCLT).
Navkar Corporation: Adani Logistics, a wholly owned subsidiary of i SEZ, said it has entered into a definitive agreement to acquire ICD Tumb () for Rs 835 crore. Adani Logistics said the deal includes the acquisition of the operational ICD with a capacity to handle 0.5 million TEU.
Future companies: The Future Group firm said its non-executive director Chandrapraksh Toshniwal has resigned from the board with effect from August 16, 2022 due to work and personal commitments. FEL was part of the 19 companies in the group that operate in the retail, wholesale, logistics and warehousing segments.
Future consumer: The cash-strapped company has defaulted on payment of Rs 51.85 crore towards principal and interest due on non-convertible debentures. The default which occurred on August 15, 2022 includes an interest amount of Rs 10.73 crore and a principal amount of Rs 41.12 crore.
Lifestyle Fashions of the Future: The beleaguered company reported a widening in its consolidated net loss to Rs 1,879.91 crore in the fourth quarter ended March 2022 due to store closures and higher expenses. The company had posted a consolidated net loss of Rs 149 crore in the January-March quarter a year ago.
Fiberweb India: The nonwovens maker reported a net profit of Rs 1.7 crore for the quarter ended June 30, 2022, which was 53 percent lower than profit after tax of 3.65 crore in the same quarter a year ago.