Share Market News: Vedanta, Indus Towers, RVNL, UPL, other stocks to track today
Share Market News: As the market prepares for a new trading session on Dalal Street, here are a few stocks worth tracking on Tuesday, December 17.
Share Market News: As the market prepares for a new trading session on Dalal Street, here are a few stocks worth tracking on Tuesday, December 17.
Indus Towers Shares
The Income Tax Appellate Tribunal has ruled in favour of Indus Towers, leading to a decrease of Rs 3,500 crore in the company's liabilities.
UPL Shares
UPL's rights issue, which opened on December 5, ends on Tuesday, December 17.
Vedanta Dividend
Mining major Vedanta Ltd has declared a dividend of Rs 8.5 per share amounting to Rs 3,324 crore.
Texmaco Rail, RVNL in Focus
Texmaco Rail has bagged an order to the tune of Rs 187 crore from the Chhattisgarh State Power Transmission.
In a separate development, RVNL has secured an acceptance letter for a project worth Rs 270 crore from Maharashtra Metro Rail Corp.
The work is to be completed in 30 months.
GMR Airports
The GMR Airports stock is set to be in focus on Tuesday.
Domestic air passenger traffic increased 14 per cent to 1.12 crore in November.
All Eyes on GST Council
The GST Council is likely to take a slew of important decisions in its 55th meeting scheduled for December 21.
According to sources, the decisions taken at the upcoming meeting may have implications for insurance, hotels and food delivery businesses.
Mankind Pharma
Mankind Pharma has launched a qualified institutional placement to raise up to Rs 3,000 crore at a floor price of Rs 2,616.6 per share, which marks a two per cent discount to the market price.
The QIP opened for subscription on Monday.
Hindustan Construction Company
On Monday, Hindustan Construction Company launched a QIP to raise up to Rs 400 crore at a floor price of Rs 45.27 per share.
Kalpataru Projects International
Kalpataru Projects International's Rs 1,000-crore QIP, launched at a floor price of Rs 1,201 per share, has concluded.
Participants included ICICI Funds, DSP Funds, HDFC Funds and SBI Funds.