Stocks to watch: UltraTech Cement, Castrol, CIL, Aether Ind, Deepak Nitrite


Stocks to watch today: Benchmarks Sensex and Nifty are set to start Friday’s session on a bullish note after a relief rally in US markets overnight. As of 7:30 a.m., SGX Nifty futures were trading at 16,760 levels, hinting at an opening gain of over 100 points for the Nifty.

In the meantime, here are some stocks to watch in trading today:

Ethereal Industries: The specialty chemicals maker will make its stock market debut today. The issue price was set at Rs 642 per share.

UltraTech Cement: The country’s biggest cement maker said on Thursday that its board had approved a new capital expenditure (capex) plan of Rs 12,886 crore as the company prepares for competition in the sector. The capex, the company said, would consist of increasing capacity by 22.6 million tonnes per annum (mtpa) through brownfield and greenfield projects. Read here

Castrol India: MG Motor India and Brad Castrol India lubricant are set to collaborate with Jio-bp to explore mobility solutions for electric cars, the automaker said in a statement on Thursday. Under the partnership, Jio-bp, MG Motor and Castrol will explore the establishment of four-wheel electric vehicle charging infrastructure and expand Castrol’s existing automotive service network to meet the needs of vehicle customers. electrical. Read more

BSNL: State-run BSNL has urged the government to allocate it spectrum worth Rs 61,000 crore in the premium 700Mhz frequency range as well as the mid-frequency band for 4G and 5G services, reported PTI. Read more

Yes Bank: The bank plans to buy back foreign bonds worth up to $200 million and issued under the medium-term note program. The private sector lender did not specify the purpose and timing of the redemption of these bonds. Read here

Deepak Nitrite: The company’s manufacturing plant at Nandesari GIDC area in Vadodara caught a massive fire after five chemical explosions. After the crash, the company released a statement saying it was monitoring the situation and that property loss was insured.

Coal India: According to a PTI report, the coal ministry has launched a draft cabinet memorandum to seek inter-ministerial views on the proposed listing of 25% of the shares of BCCL, a subsidiary of Coal India. As part of the restructuring of Coal India (CIL), the government decided on an initial listing of 25% of the shares of Bharat Coking Coal Ltd (BCCL).

Godrej Industries: The company has invested Rs 690 crores in its Godrej Capital arm. With that, he increased his stake from 87.11 percent to 91.81 percent in the latter.

Hindalco Industries: The company has completed the process of disposing of Hindalco Do Brazil Industria Comercia de Alumina LTDA.

MTAR technologies: The defense company has entered into a share purchase agreement with the sellers and GEE PEE Aerospace & Defense to acquire a 100% stake in GEE PEE Aerospace & Defence. The acquisition cost is Rs 8.82 crore.

GR infraprojects: The company has signed a concession pact with the National Highways Authority of India for a Rs 1,577 crore road project.

Prudent Business Advisory Services: Promoter Rameshchandra Chimanlal Shah and persons acting in concert acquired 4.25 lakh shares of the company through open market transactions on June 2, according to reports. With that, their stake in the company went from 56.78% to 57.81%.

Rajnish Wellness: The company said its board would consider issuing bonus shares and subdividing company shares with a nominal value of Rs.10 each on June 13.

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