Top stocks in focus: SBI, HSIL, GMM Pfaudler, Shree Renuka Sugar, Manappuram Finance, Muthoot Finance

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

Sep 22, 2020 07:09 IST India Infoline News Service

Stocks In Focus
SBI Board approved allotment of debentures worth Rs7,000cr.

HSIL approved buyback of up to Rs70cr worth of shares at Rs105 per share.

GMM Pfaudler Promoter to sell 25.71 lakh shares via offer for sale, floor price set at Rs3,500 per share on September 22-23.

Shree Renuka Sugar Board approved allotment of 21.17 equity shares at Rs8.74 per share aggregating to Rs185cr on a preferential basis to promoter Wilmar Sugar Holdings.

Fitch Ratings has taken rating action on the long-term issuer default ratings of non-bank financial institutions in light of the companies’ performance amid the coronavirus pandemic. Manappuram Finance, affirmed at BB-; rating watch negative removed; outlook stable. Muthoot Finance, affirmed at BB; rating watch negative.

Angel Broking IPO will open for subscription on September 22 and close on September 24, with a price band at Rs305-306 per share.

CARE reaffirmed Phillips Carbon Black's long term credit rating at AA-/Stable.

ICRA reaffirmed long term credit rating of Ramco Cements at AA+/Stable.

JSPL clarified on the media reports that certain transactions undertaken by the company, between 2014-16 were part of routine business activities and all the transactions had proper underlying assets.

Bombay Burmah Trading Board to consider raising Rs75cr via NCDs on Sept.24.

Aarti Drugs record date for bonus issue set as Oct.1.

Ceat Board to consider raising funds via NCDs on Sept.25.

Chemcon Speciality Chemicals subscribed 5.20 times on Day 1.

CAMS subscribed 0.82 times on Day 1.

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