Stocks in the news: Kalyan Jewellers, Hathway Cable, Mahindra Lifespace, CG Power and SpiceJet

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Stocks in the news: Kalyan Jewellers, Hathway Cable, Mahindra Lifespace, CG Power and SpiceJet


Nifty futures on the Singapore Exchange traded 99.50 points, or 0.69 per cent, higher at 14,530.50 in signs that Dalal Street was headed for a positive on Friday. Here are a few stocks which may buzz the most in today’s trade:

Kalyan Jewellers: The jeweller, whose Rs 1,175-crore IPO was subscribed mere 2.61 times subscription, will make market debut on Friday. The Kerala-headquartered company is among the biggest players in the country’s gold and diamond jewellery market, competing with Titan Company Ltd, Tribhovandas Bhimji Zaveri Ltd and others.

Hathway Cable: The promoter entities of

plan to offload about 19 per cent stake in the company, entailing 33.79 crore shares at floor price of Rs 25.25 per equity share, via stock exchange route, according to a regulatory filing.

Mahindra Lifespace: Realty firm

said it has acquired 10.3 acre land in Mumbai Metropolitan Region (MMR). The company will develop a new residential project in Kalyan.

SpiceJet:

promoter Ajay Singh has partnered with Ras Al Khaimah Investment Authority and Ankur Bhatia, promoter of Delhi-based Bird Group, to bid for a 100% stake in the national carrier Air India.

Power Grid: State-owned

said it has acquired Bikaner-II Bhiwadi Transco Ltd (BBTL) which would implement a power transmission project.

CG Power: CG Power and Industrial Solutions said its board has approved a proposal to liquidate its step down subsidiary CG Sales Network Malaysia Sdn Bhd, Malaysia.

GAIL: GAIL Gas and Confidence Petroleum India Limited (CPIL) signed an agreement for setting up 100 CNG Stations in Bengaluru. CPIL will set up and operate 100 CNG stations & associated facilities of GAIL Gas.

BPCL: Disinvestment process of oil marketing firm BPCL is moving on well and expected to conclude by September-end, Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey said on Thursday.

Punjab & Sind Bank: Public-sector Punjab & Sind Bank said it has declared its IL&FS NPA account with Rs 399 crore outstanding loan as fraud and has reported it to the Reserve Bank.

Bank of Maharashtra: Public sector lender

opened six new branches, expanding its network to 1,949 branches. Out of these six branches, which are in Kolkata Zone, one branch is in Port Blair and other five are in West Bengal, BoM said in a statement.

ITI: State-owned technology firm ITI said it along with domestic start-up Thalamus Irwine will jointly bid for health projects, including the National Digital Health Mission, to deploy artificial intelligence-enabled solution for digital health record system.



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