Top stocks in focus: RBL Bank, NHPC, GAIL, Mahanagar Gas, Gautam Gems

6 Jan 2022 , 07:25 AM

RBL Bank Q3FY22: Retail advances were flat while wholesale advances grew 8% sequentially for the quarter ended December 31, 2021. The mix of retail: wholesale advances was approx. 53:47.

NHPC: Promoters Agreement has been signed between NHPC and Green Energy Development Corporation of Odisha (GEDCOL) for the formation of a joint venture company for the development of 500 MW floating solar power projects in various water reservoirs in Odisha.

GAIL: The company has acquired a 26% stake in ONGC Tripura Power Company (OTPC). OTPC owns and operates a 726.6 MW gas-based combined cycle power plant in Palatana, Tripura.

Mahanagar Gas: Life Insurance Corporation of India acquired a 2% stake in the company via open market transactions, increasing shareholding to 7.01% from 5% earlier.

Gautam Gems: The company on January 13 will consider the Right Issue of equity shares, along with unaudited financial results for the quarter ended on December 31, 2021.

Palm Jewels: The company on January 13 will consider the Right Issue of equity shares, along with unaudited financial results for the quarter ended on December 31, 2021.