Top 5 stocks in focus on August 24: Indigo, Tata Investment to Adani Enterprises, here are the 5 newsmakers of the day
Indian domestic stock markets on Thursday closed in the green at new highs. However, there were certain stocks that came in the news after the market was closed for trading on the day and can impact the market on August 24, 2018, when it opens for trade.
Indian domestic stock markets on Thursday closed in the green at new highs. However, there were certain stocks that came in the news after the market was closed for trading on the day and can impact the market on August 24, 2018, when it opens for trade. Here is the list of five stocks:
Tata Investment Corporation Limited: The company has posted financial results for the quarter ended on June 30, 2018. As per the report, the company has reported net sales of Rs 31.01 crores in the quarter as compared to Rs 25.41 crores during the same quarter of previous year. It has posted a net profit of Rs 22.48 crores in the quarter and has reported EPS of Rs 4.08 crore in the same period.
Britannia Industries: The board of the Kolkata-based company has approved share split in 1:2 ratio to make the stock more affordable for the small retail investors and increase liquidity. The confectionery major will split the shares with a face value of Rs 2 into two equity shares of Re 1 each.
Hexaware Technologies: Reports suggest that the private equity major Baring Private Equity Partners Asia has decided to sell about 8.4 per cent stake of the homegrown technology services company Hexaware Technologies through block deals on the bourses on Friday for about Rs 1,120 crore. The company is offering about 2.5 crore shares to institutional investors through an accelerated book-building method at a price of Rs 470 per share.
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IndiGo: India's biggest airline, which has been grappling with Pratt and Whitney engine issue, on Thursday said some of its Airbus A320 Neo aircraft have been grounded proactively due to non-availability of spare engines from engine maker Pratt and Whitney.
Adani Enterprises and Ruchi Soya: Adani Wilmar is set to acquire the bankrupt Ruchi Soya as 96.7 per cent of the lenders have endorsed Adani Wilmar’s resolution plan involving 60 per cent haircut.