Stocks In News: Check out the companies making the biggest headlines before the opening bell.
Karda Constructions | Eriska Investment Fund acquired 38 lakh equity shares in the company at Rs 16.5 per share, the bulk deals data showed.
LG Balakrishnan & Brothers | Promoter Rajvirdhan V sold 1.65 lakh equity shares in the company at Rs 492.97 per share on the NSE, the bulk deals data showed.
MT Educare | Axis Bank sold 9,18,033 equity shares in the company at Rs 7.77 per share on the NSE, the bulk deals data showed.
GSS Infotech | The company acquired 100 percent of ‘farm to store’ company Polimeraas with a combination of stock and cash.
Rain Industries | Pabrai Investment Funds bought 2.05 percent stake in the company via open market transactions, increasing shareholding to 8 percent from 5.95 percent earlier.
Indo Count Industries and GHCL | Indo count acquired home textile business of GHCL for Rs 576 crore.
Karnataka Bank | The bank partnered with Toyota Kirloskar Motor to extend retail vehicle finance support to its customers.
The Phoenix Mills | The company appointed Anuraag Srivastava, as the Chief Financial Officer.
HFCL | The company launched its qualified institutional placement issue on December 6, and approved floor price at Rs 72.33 per share.
Suryalakshmi Cotton Mills | ICRA has upgraded the company’s Long-Term rating to ‘BBB-‘ from ‘BB+’ and also upgraded the short-term rating to ‘A3’ from ‘A4+’. The ratings have been removed from ‘rating watch with negative implications’ and Stable outlook was assigned on the long-term rating and short-term credit rating.
Wipro | The company and Celonis launched Supply Chain Command Center to help organisations drive supply-chain transformation.
Maithan Alloys | The company has successfully switched on one of its two furnaces for manufacturing of ferro-alloys and commercial production is expected later this month. The other furnace is expected to be switched on within the next 30 days.
Tata Motors | The company announced an increase in price in the range of 2.5 percent, will be implemented from January 1, 2022, and will be put into effect across segments – M&HCV, I&LCV, SCV and bus, basis individual model and variant of the vehicle.
Moneycontrol News
