Stocks in news: Nykaa, HDFC AMC, Concord Biotech, JSW Steel, Adani Energy
Nykaa, HDFC AMC, Indus Towers, Page Industries, ACCNykaa, HDFC AMC, Indus Towers, Page Industries and ACC have been excluded from Nifty Next50 in the latest revision of various NSE indices.Yatharth HospitalYatharth Hospital reported 73% year-on-year growth in its consolidated net profit at Rs 19 crore for the quarter ended June.Read more: What changed the market while you were sleepingConcord BiotechThe shares of Concord Biotech will debut on the exchanges today.
The stock is expected to list at a premium of just over 15%.Axis BankThe RBI has approved the appointment of Subrat Mohanty as Executive Director of the Bank for a period of three years with effect from August 17.Adani EnterprisesIndian billionaire Gautam Adani’s conglomerate took a group of local bond arrangers on a site visit last week, after gearing up to sell up to Rs 15,000 crore ($1.8 billion) worth of debt.Adani EnergyThe company has entered into agreement with Megha Engineering & Infrastructures for acquisition of KPS 1 Transmission Ltd.ONGCTo transform into a low-carbon energy player, Oil and Natural Gas Corporation (ONGC) is investing Rs 1 lakh crore by the end of this decade, PTI reported.JSW SteelJSW Steel is looking to form a consortium to bid for a majority stake in Teck Resources’s steelmaking coal business, Bloomberg reported.
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