Focus On These Stocks: Jio Financial, Vodafone Idea, Adani Energy, Hindalco, Piramal, TVS Supply Chain

In New Delhi: The following stocks could be the subject of today’s trade:

Jio Financial Services

The BSE has postponed Jio Financial Services Ltd’s removal from the S&P BSE indexes from 24 August to 29 August. Jio Financial Services Ltd is the demerged non-banking financial services division of Mukesh Ambani-led Reliance Industries. Jio Financial Services became public on the stock exchanges on Monday and Tuesday saw it return to the lower circuit.

Vodafone Idea stocks

Debt-ridden telecom services provider Vodafone Idea By September. Vodafone Idea hopes to pay the government’s outstanding debt of roughly 2,400 crore rupees. It just paid the approximately 450 crore payable for the March quarter of 2022–23 in license fees and spectrum usage costs. By July, Vodafone Idea had to pay a license fee of about 770 crore and the first installment of 1,680 crore for the spectrum it had bought in last year’s spectrum auctions.

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TVS Supply Chain Solutions stocks

On August 23, the TVS Mobility Group company will begin trading on the BSE and NSE. The share price for the offering was set at 197.

Adani Energy

For a number of non-compliances, the BSE and National Stock Exchange each fined the business 2.24 lakh. The business stated in an exchange filing that the fines were issued “for non-compliance with the requirements pertaining to the composition of the Board, including failure to appoint a woman director”.

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Hidalco Industries stocks

In order to build the Vande Bharat trains in India, new extrusion and fabrication technologies must be brought to the nation, according to Kumar Mangalam Birla, chairman of Hindalco Industries, who made the announcement at the company’s 64th Annual General Meeting. Birla claimed that the business is investing an additional 2,000 crore to build a plant for recovering copper and electronic waste that is unique.

Radico Khaitan

The Comptroller & Auditor General (CAG) of India has noted that the manufacturer of 8 PM whisky and Magic Moments vodka underpaid excise duty of $1,078.09 crore, including taxes, to the Uttar Pradesh government.

SJS Enterprises

Through numerous block deals, promoter Evergraph Holdings Pte Ltd sold a 29.52% stake of its 34.15% in SJS Enterprises. Evergraph sold 45.82 lakh shares of SJS at an average price of 600 and 600.06 rupees per share, for a total transaction value of 549.87 crore.

Piramal Enterprises

According to the business, the board of directors has approved the public offering of non-convertible debentures (NCDs) for up to 3,000 crore. The 3,000 crore public offering will happen in a single or multiple installments.

BEML

The Ministry of Defence has given the state-owned company a contract to provide the Indian Army with command post vehicles. The purchase will cost 101 crore.

RITES

In the tender issued by the Railway Board, the state-run railroad emerged as the lowest bidder. The order’s estimated value is 65.4 crore. For Indian Railways, the business will perform service testing and rail inspections in accordance with IRS T-12 2009. The deal will be implemented within five years, with a one-year extension option.