Stocks in news: ITC, Vedanta, Tata Motors, Cyient, Gopal Snacks, Droneacharya Aerial
ITC, Vedanta, Tata Motors, Cyient, Gopal Snacks, Droneacharya Aerial among others will be in focus due to various news developments.
ITC
British American Tobacco Plc on Wednesday sold 3.5% stake in ITC Ltd through the open market at Rs 400.25 a share, aggregating to approximately Rs 17,485 crore.
Vedanta
Billionaire Anil Agarwal's Vedanta said it will appeal against Sebi levying Rs 77.6 crore penalty for delay in paying dividends to its erstwhile shareholder Cairn Energy.
Read more: Here's the trade setup for today's session
Tata Motors
Tata Motors has signed a deal to build a Rs 9000 crore manufacturing plant in Tamil Nadu. The investment would be spread over five years and could create up to 5,000 jobs.
Indian Hume Pipe
Indian Hume Pipe JV with AMR India & Shoda Constructions received a work order worth Rs 1,137.77 crore from Telangana government.
Cholamandalam Investment
Cholamandalam Investment has bought a land parcel of Rs 4.67 acres, which is worth about Rs 735 crore from DLF IT offices in Chennai.
Federal Bank
The Federal Bank has stopped issuance of new co-branded credit cards. The Bank is in the process of rectifying the areas that are deficient and will seek regulatory clearance prior to resumption of new issuance.
Droneacharya Aerial
Droneacharya Aerial has been awarded a service order from Adani to provide DGCA certified drone pilot training.
Gopal Snacks
The shares of Gopal Snacks will debut on the exchanges on Thursday. The stock is expected to see a flat or even a discount listing given the
