New Delhi: All eyes will be on the aftermath of Hindenburg Research’s report alleging that SEBI chairperson Madhabi Puri Buch and her husband Dhaval Buch were investors in a fund related to the Adani Group. Index operator BSE said it had extended the advanced surveillance mechanism on mainboard companies whose market cap is below Rs 1,000 crore.
Adani Enterprises: The Adani Group flagship company’s stocks will be in focus after Hindenburg Research once published a report alleging SEBI chief Madhabi Puri Buch’s soft stance on a probe into the group’s wrongdoings owing to financial interest tied to the conglomerate. Buch along with her husband, as well as Adani Group, denied the allegations levelled by the US-based short-seller.
Amara Raja: The battery maker signed an MoU with Italian 2-wheeler maker Piaggio’s Indian arm Piaggio Vehicles for the development and supplies of lithium-iron batteries and EV chargers.
Banking stocks: The stocks of PSU and private banks are likely to remain focused after finance minister Nirmala Sitharaman told lenders to devise ingenious retail products to raise funds.
Aurobindo Pharma: The pharma giant reported a 61.3 per cent year-on-year jump in net profit to Rs 918 crore. The company’s revenue jumped 41 per cent on-year to Rs 1,620 crore.
CDSL: Central Depository Services will issue bonus shares based on a record date of August 24, 2024, its board said on August 10, 2024. Shareholders will receive 1 bonus share for each share held.
Honasa: The parent company of homegrown cosmetics maker Mamaearth said it expects a Rs 1,000 crore annual revenue run rate over the coming 3-5 years.
Coffee Day Enterprises: An insolvency plea against the company was admitted by the NCLT amounting to over Rs 2.28 crore.
ONGC: The Navratna PSU company received the government’s nod to invest Rs 10,501 crore into ONGC Petro Additions, making it a wholly owned subsidiary of ONGC.
Railways stocks: The Union Cabinet on Friday gave its green signal to the establishment of 8 new railway lines in the Northeast region with an outlay of Rs 24,657 crore.
Shipping Corp of India: The PSU giant reported a 69.9 per cent jump in Q1 net profit to Rs 291.5 crore while its revenue rose to Rs 1,514.3 crore, up 26.2 per cent year-on-year.
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Stocks in News Today: From Adani Enterprises to ONGC, here are stocks that are likely to remain in focus today. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
