Canara Bank, Wipro, Future Consumer, other stocks to watch out for on Tuesday
Stocks to watch: Future Consumer has received an intimation letter dated from RBL Bank, informing about taking symbolic possession of the assets being immovable property comprising of land and building situated at Veerasandra Village in the district of Bangalore admeasuring 44,116 square feet.
Stocks to watch: At 08:07 AM, GIFT Nifty traded 49.5 points, or 0.23 per cent higher at 21,140.5, indicating a positive start for domestic equities on December 12, Tuesday.
Domestic equity indices recorded fresh highs on Monday, December 11, with the 50-scrip barometer finishing the day within three points of the psychologically-important 21,000 mark. The Nifty 50 ended 27.7 points or 0.1 per cent stronger for the day at 20,997.1 while the Sensex settled at 69,928.53, up 102.9 points or 0.2 per cent--both record closing highs.
Both gauges also scaled all-time highs in intraday trade, with the 30-scrip index surpassing the 70,000 mark for the first time.
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The high-beta Nifty Bank barometer finished the day 52.3 points or 0.1 per cent higher at a record 47,314.3.
Here are some stocks that investors will watch for on Tuesday, December 12:
The public sector bank informed that it has raised Rs 1,403 crore through bonds at a coupon rate of 8.4 per cent.
The company has received an intimation letter from RBL Bank, informing about taking symbolic possession of the assets being immovable property comprising of land and building situated at Veerasandra Village in the district of Bangalore measuring 44,116 square feet.
The move comes after the company and guarantor Kishore Biyani failed to repay the amount due to RBL Bank.
The aforesaid secured assets were mortgaged to RBL Bank by the subsidiary company viz. Appu Nutritions for securing the borrowings availed by the company.
Capri Global Capital:
The company has received a Corporate Agency license from the Insurance Regulatory and Development Authority of India (IRDAI) for setting up its Insurance business.
Wipro has supported Marelli Electronic Systems in the development of its Cabin Digital Twin, which enables Original Equipment Manufacturers (OEMs) to introduce connected vehicle services to the market quickly.
The board will consider allotment of Secured Listed Rated Redeemable Non-Convertible Debentures on Private Placement Basis in a meeting on December 15, 2023.
Iris Business Services:
The company announced a strategic partnership with Prophix for IRIS CARBON. Prophix will now offer IRIS CARBON SaaS solution to the office of the CFO across its clientele primarily in North America and Europe.
Asahi Songwong Colors:
The company’s subsidiary, Atlas Life Sciences (India) Private Limited commenced the commercial production of active pharmaceutical ingredient (API) on December 9, 2023.
The company received an order from JTEKT Brasil Ltda for the supply of loose child parts. The order is worth Rs 182.7 crore.
ICICI Lombard/ Star Health Insurance
As per sources, ICICI Lombard and Star Health are set to benefit as the centre in the upcoming budget may increase the insurance cover under Pradhan Mantri Jan Arogya Yojana (PMJAY) to Rs 10-15 lakh from the current Rs 5 lakh limit.
Nilanjan Roy has resigned from his position of CFO while Jayesh Sanghrajka has been appointed as the new CFO and he will take over in the new role with effect from April 1, 2024. The company's ADR or American Depository Receipt (ADR) was down 2.7 per cent.
In a block deal worth Rs 4935 crore, 5 entities will offload 7.9 per cent stake in the drug maker. The deal will be launched at around 7 per cent discount to the last traded price of Rs 1785.65 per share.
The lender has launched a QIP with a floor price pegged at Rs 112.66 per share, which is at a discount of 10 per cent to the current market price. The company's board meeting is scheduled on December 14 to decide on the issue price.
09:03 AM IST