Top stocks in focus: Coal India, IDBI Bank, Jubilant Foodworks, Tech Mahindra

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

Mar 15, 2019 02:03 IST India Infoline News Service

Coal India declared a dividend of Rs5.85 per share, with record date set at March 25. This dividend will be the 2nd interim dividend for the financial year 2019.

The Reserve Bank of India categorized IDBI Bank as a private sector bank with effect from January 21, consequently upon LIC acquiring 51% of the total equity capital of the bank.

Delhi High Court stayed an order of National Anti-Profiteering Authority against Jubilant Foodworks and penalty proceeding, subject to deposit of Rs 20cr on Central Consumer Fund.

Tech Mahindra’s arm acquired 100% stake in Japan’s K-Vision for $1.5mn. The target is engaged in providing network services for mobile communication carriers in Japan.

Vedanta’s Zambia unit halted copper-shaft operations after the contractor failed to secure funds to pay workers. The contractor has failed in its efforts to secure funding from banks, as reported newspaper News Digger, as per media reports.

Reliance Industries sought to raise 150 million euros via debt instruments, as per media reports.

Hindustan Unilever stock in focus today. Sanjiv Mehta named the president of Unilever South Asia with effect from May 1. He will continue to be CMD of HUL.

Tide Water Oil declared a dividend of Rs85 per share with March 25 as the record date.

CMI said that it received vendor approval for power cables from four government entities for the third quarter of this financial year and expects the manufacturing capacity of its Himachal Pradesh plant to improve in 2019.

India Investment Trust, sponsored by Canadian investor Brookfield, will buy Mukesh Ambani’s privately owned East-West Pipeline Ltd. for Rs13,000cr. RIL will have to offtake at least 22 MMSCMD of gas from this pipeline. If it fails to do so, then RIL will be liable to pay the differential amount to Pipeline Infrastructure. 

Ujjivan Financial Services board declared an interim dividend of 85 paise per share of Rs10 each.

Chalet Hotels Promoter Capstan Trading LLP created a pledge on 29.95 lakh shares, Raghukool Estate Development LLP on 33.95 lakh shares, Touchstone Properties & Hotels Pvt Ltd on 1.44cr shares.

Sun Pharma promoter Shanghvi Finance Pvt Ltd created a pledge on 41 lakh shares.

Ramkrishna Forgings promoter Riddhi Portfolio Pvt Ltd released a pledge on 30,000 shares.

Related Story