From GDP numbers to companies’ fundraising plan to RBI Governor and Finance Minister’s address, Zee Business Senior Research Analyst Varun Dubey brings you events that will drive share movement and stock market in general.  

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The first quarter of the financial year 2021-22 Gross Domestic Product’s numbers are expected to be released today by the government, says Dubey adding further that the numbers are expected to be at 20 per cent year-on-year growth.

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The Finance Minister Nirmala Sitharaman to give a special address during a webinar on resurgent India between 2.15 pm-3.45 pm on Tuesday. In another event, the Reserve Bank of India Governor Shaktikanta Das will also speak at the 21st FIMMDA-PDAI Annual Conference at 04:00 pm today.

Indo Tech Transformers’ offer for sale (OFS) will open for retail investors today. The non-retail portion, which was opened on Monday, was subscribed 4.93 times. Promoters seek to sell around 3.63 per cent stake in the company. The floor price fixed at Rs 140 per share. 

Bank of India’s board has approved the issue price for the qualified institutional placement (QIP) at Rs 62.89 per share, at a discount of 4.99% from the floor price of Rs 66.19 per share. The bank on August 25, 2021 had approved the launch of QIP to raise at least Rs 3,000 crore. 

The Board of Directors of KNR Constructions on Monday approved dilution of the entire stake in three material wholly-owned subsidiary companies to Cube Highways and Infrastructure. These stake sales would complete by March 31, 2021. 

Sona BLW Precision Forgings Ltd on Monday clarified on related reports linked with Tesla, it said that the company is not engaged in any discussion concerning the supply of components to Tesla for its India plan and stating further that it is not aware of the source of this news information.

The board of directors of SRF to mull on bonus share distribution in a meeting today. The stock in the last couple of days have been rallied. Similarly, Jindal Steel and Power Limited board has given a nod to a fundraising plan of at least $1 billion (approx. Rs 7500 crore) 

TVS Motors in an attempt to attract more customers has launched ‘built to order’ platform, wherein customers can customised and personalised their vehicles, and first such plant will be for TVS Apache 300 variants

Acrysil Limited plans for capacity expansion, as the company aims to expand to manufacture 1.6 lakh kitchen sinks and project is likely to complete by first quarter of the financial year 2022-23.