Stocks in News Today: Jio Fin, RailTel, RVNL, Tata Elxsi, Tata Tech, ZEEL and more

Stocks in News Today: Jio Fin, RailTel, RVNL, Tata Elxsi, Tata Tech, ZEEL and more

New Delhi: Indian indices closed lower on Tuesday based on mixed cues from global markets. Index operator NSE has applied to SEBI seeking a no-objection certificate for its eventual IPO.

Granules India:  The company’s facility near Hyderabad reportedly underwent a surprise inspection on Tuesday in a move that may affect a facility responsible for 70 per cent of the company’s revenues.

Jio Financial Services: The company hiked its stake to 82.17 per cent in Jio Payments Bank by infusing Rs 68 crore into the entity.

NBCC: The property consultancy firm’s board is set to meet on August 31, 2024, to consider a proposal for issuing bonus shares, it said in an exchange filing. The company’s last bonus issue took place in 2017 in the ratio of 1:2.

Paras Defence: The defence company has announced plans to raise Rs 200 crore via QIP without sharing exact dates for the same.

RailTel: The railway PSU has secured a contract worth Rs 70.93 crore from the Eastern Railway to lay down unified communications infrastructure with a November 25, 2025, execution deadline.

RVNL: The railway PSU has secured a Rs 111 crore contract from the Southern Railways for dual detection infra between Chennai Beach—Temburu and Chennai-Gudur automatic block signalling sections in the Southern Railway’s Chennai division.

SPML Infra: The company’s board approved approved a fundraise worth Rs 174 crore via a preferential issue of 80.7 lakh shares.

Tata Elxsi: The company’s share price rose 26 per cent in 2 days this week in the best days for the company’s stock in 9 years.

Tata Motors: The company’s A shares will be removed from the FTSE All-World Index from August 30, 2024. The company’s share will increase in the FTSE All-World Index to 57.3 per cent from 55 per cent.

Tata Tech: TPG Rise Climate sold a 3 per cent stake in Tata Technologies for Rs 1,230 crore.

UPL: The company acquired a 20 per cent stake in stake for $6.9 million in PT Excel.

ZEEL: The company’s shares will be in focus after it announced the settlement of a dispute related to the fallout of its merger with Sony Corp.

(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)

 Stocks in News Today: From Jio Financial Services to ZEEL, here are stocks that are likely to remain in focus today on August 28, 2024.  Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today