Top stocks in focus: Panacea Biotec, Edelweiss Financial Services, Nuvoco Vistas, Orient Cement, VST Tillers Tractors

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

Sep 07, 2021 07:09 IST India Infoline News Service

Panacea Biotec supplies 1st shipment of the second component of Sputnik V vaccine produced in India.

Edelweiss Financial Services Limited (“EFSL”), announced that its public issue of Secured Redeemable Non-Convertible Debentures (NCDs) has been oversubscribed.

Nuvoco Vistas Corporation reported higher consolidated profit at Rs114.28cr in Q1FY22 against Rs37.52cr in Q1FY21, revenue fell to Rs2,202.97cr from Rs2,631.61cr yoy.

Orient Cement: HDFC Asset Management Company sold 44.70 lakh shares in the company via open market transaction on September 3, reducing shareholding to 2.97% from 5.15% earlier.

VST Tillers Tractors has entered into an agreement with ETG (Export Trading Group), for distribution of its tractors, power tillers, power reapers and diesel engines in the Southern African markets including South Africa, Namibia, Botswana, Zimbabwe, Swaziland, and Zambia.

Starteck Finance approved to sell 100% stake in subsidiary Starteck Housing Finance to Paripurna Trust and/or Matrabhav Trust for Rs11.45cr.

International Conveyors: The company sold 7.95% stake in Elpro International for Rs74.14cr.

Triveni Turbine: Due to multiple disputes for over two years amongst JV Partners, Triveni Turbine and D I Netherlands B V and Baker Hughes and its affiliates (BH Parties), General Electric Company and its affiliates (GE Parties), these parties agreed to terminate the joint venture agreement and finally resolved the multiple disputes amongst them.

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