Top stocks in focus: Rail Vikas Nigam, Gokaldas Exports, Gufic Biosciences, Elpro International, JSW Energy

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

October 05, 2021 7:22 IST | India Infoline News Service
Rail Vikas Nigam has entered into a Memorandum of Understanding with Tata Steel in connection with the implementation of infrastructure projects either on a nomination basis as a deposit work or through the special purpose vehicle (SPV) route subject to the bankability of the SPV project, execution of definitive agreement and management approval.

Gokaldas Exports launched its qualified institutional placement issue on October 4. The floor price has been fixed at Rs194.58 per share.

Gufic Biosciences has approved the proposal for increasing capital expenditure to the tune of Rs200cr out of which around Rs180cr is proposed to be utilized for setting up of the new manufacturing unit and balance Rs20cr for setting up the research & development facility, both in Indore, Madhya Pradesh.

Elpro International: MetLife International Holdings, LLC has entered into a share purchase agreement with IGE (India) and Elpro International to acquire their total combined shareholding of 15.27% in PNB MetLife India Insurance Company.

JSW Energy has signed a contract with Senvion India, a leading manufacturer of wind turbines, for procurement of 591 MW of onshore wind turbines for the company's under-construction pipeline of renewable energy projects.

ICICI Lombard General Insurance: French insurance firm Axa S.A., to sell around 175 crore shares of ICICI Lombard via block deal on October 5.

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