Stocks To Watch

 Stocks To Watch

Vodafone Idea: Board approves raising up to Rs 15,000 crore via NCDs and up to Rs 15,000 crore through issue of equity shares or secrities convertible to equity shares. Total raising of funds shall not exceed Rs 25,000 crore. Proposals to be taken for approval at the company's AGM on September 30.

Allcargo Logistics: Board approves the company's de-listing proposal. The floor price for the delisting has been set at Rs 92.58 per share, which is a 22% discount to Friday's closing price.

Dilip Buildcon: Declared L-1 bidder for a new HAM project worth Rs 1,905 crore.

NMDC: Hikes Lump Ore prices by 10% month-on-month to Rs 3,250 per tonne while prices of Fines raised 11% month-on-month to Rs 2,960 per tonne

Coal India: Reduces output target to 660 million from 710 million for FY21..

IDFC First Bank: Rajiv Lall resigns as part-time non-executive chairman of the bank citing prolonged health issues.

MRPL: To seek shareholder nod to raise Rs 5,000 crore via NCDs on September 12.

Endurance Technologies: The company has stated that it is eligible for extension in export incentives and is entitled to receive Rs 466.4 crore under the scheme. It has already accounted for Rs 128.8 crore until Q1FY21.

Pricol: Board approves raising Rs 100 crore through a rights issue. It has constituted a Rights Issue committee to consider the terms and conditions of the issue among other factors.

Four PSU Banks: Moody's has downgraded the long-term local and foreign currency deposit ratings of Bank of Baroda, Bank of India, Canara Bank and Union Bank of India to Ba1 from Baa3 and their Baseline Credit Assessments (BCAs) to b1 from ba3. The outlook on the ratings of the four banks is negative. The ratings agency has affirmed PNB's long-term local and foreign currency deposit rating at Ba1 and its BCA at b1. However the outlook has been revised to negative from stable.

Goa Carbon: Operations at the company's unit at St Jose de Areal, Salcete-Goa has been temporarily shut for maintenance work.

GE Shipping: Has contracted to sell its very large carrier. The vessel will be delivered in the third quarter of FY21.

ADF Foods: Board approves allotment of 17.5 lakh convertible warrants to promoters and two lakh convertible warrants to non-promoters at Rs 362 per warrant. The total issue amounts to Rs 70.59 crore.

Tuticorin Alkali Chemicals: Says that its plant will remain shut till the end of September due to Ammonia supply disruption.

Shoppers Stop: CARE Ratings downgrades long-term bank facilities and proposed NCD issue to CARE A+ from CARE AA-. The outlook has been revised to negative from stable.

South Indian Bank: Board approves raising Rs 750 crore through issue of securities and Rs 500 crore via debt. The board has also approved increasing the foreign investment limit under NRI / Person of Indian Origin category to 24% of the bank's paid-up share capital.

Fineotex Chemicals: Says it is in the process of acquiring four acres of land in Ambernath for capacity expansion at a cost of Rs 27 crore.

Som Distilleries: Approves 2:1 stock split.

CG Power: Temporarily suspends operations at its Mandideep manufacturing facility due to torrential rains between August 29 and August 30.

Happiest Minds IPO: Anchor investors allocated 1.9 crore shares at a price of Rs 166 per share. The company has raised Rs 316 crore from Anchor investors like Government of Singapore, Nomura Funds and Aditya Birla Sun Life Mutual Fund.

Non-Nifty Earnings Today: Future Lifestyle Fashions, CG Power, Info Edge, GSFC, HOEC, General Insurance Corporation, Parag Milk Foods