Top stocks in focus: Bharti Airtel, Tinplate Company of India, Dalmia Bharat, GOCL Corporation, Mahindra & Mahindra

Check out the stocks that will be in focus during trade today based on recent and latest news developments.

Aug 30, 2021 07:08 IST India Infoline News Service

Stocks In Focus
Bharti Airtel board of directors has approved raising Rs21,000cr through a rights issue priced at Rs535 a share.

Tinplate Company of India approved an expansion plan, investing in putting up an additional capacity of 3,00,000 tonne per annum at Jamshedpur. The project is expected to be completed in about 3 years.

Dalmia Bharat: Subsidiary Dalmia Cement (Bharat) signed three Memorandum of Understandings with the Government of Jharkhand to invest Rs758cr in the state.

GOCL Corporation: The company has entered into an agreement with Squarespace Infra City for the sale of 44.25 acres land at Kukatpally, Hyderabad, for Rs451.79cr. The transaction is expected to be completed in 3-6 months. The remaining land of about 32.09 acres will continue under the Joint Development Agreement with Hinduja Estates (HEPL) for development based on approvals.

Mahindra & Mahindra: The Ministry of Defence (MoD) has awarded a major contract to Mahindra Defence Systems worth Rs1,349.95cr for the manufacturing of Integrated Anti-Submarine Warfare Defence Suite (IADS) for modern warships of Indian Navy.

SRF: Gujarat Pollution Control Board (GPCB) has issued a revocation order under Air (Prevention and Control of Pollution) Act, 1981 for resumption of operations in P2 and the two other allied plants with immediate effect.

Nazara Technologies to make strategic investment for the proposed acquisition of 100% stake in OpenPlay Technologies from its existing shareholders i.e. Sreeram Reddy Vanga and Unnati Management Consultants LLP, for Rs186.41cr, in one or more tranches.

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