Stocks in news: Tata Motors, Park Hotels, Platinum Industries, Exicom Tele Systems, IIFL Finance
Tata Motors, Park Hotels, Platinum Industries, Exicom Tele Systems, IIFL Finance among others will be in focus due to various news developments.
Tata Motors
Tata Motors announced that it will demerge its business into two separate listed entities housing commercial vehicles and passenger vehicles businesses.
Platinum Industries, Exicom Tele Systems
Shares of Platinum Industries and Exicom Tele Systems will debut on the exchanges today. Both the stocks are expected to see a robust listing, if we go by the GMP trends.
Park Hotels
Apeejay Surrendra Park Hotels reported a 46% year-on-year (YoY) growth in consolidated net profit for the quarter ended December to Rs 27.42 crore. Revenue for the same period increased 14% to Rs 159 crore.
Read more: Here's the trade setup for today's session
Angel One
Angel One will stop doing business in the currency derivatives segment with effect from Tuesday as the company decided to voluntarily close the business, a BSE circular said.
Macrotech Developers
Macrotech Developers Ltd has set the floor price for its proposed qualified institutional placement of shares at Rs 1,129.5 a share. The issue opened for subscription on Monday.
SBI
The State Bank of India has asked the Supreme Court for extension till June 30 to disclose details of electoral bond donors.
AU Small Finance Bank
The Reserve Bank of India has approved the merger of Fincare Small Finance Bank with AU Small Finance Bank. The effective date of the merger will be April 1.
NTPC
State-owned NTPC’s arm NTPC Green
