You are here: Home » News-CM » Equities » Stock Alert
Business Standard

RIL, BEML, JSPL to be watched

Capital Market 

Shares of Reliance Industries (RIL) will be in focus. The Competition Commission of India (CCI) on Friday (19 November 2020) approved the acquisition of retail, wholesale, logistics & warehousing businesses of Future Group by Reliance Retail Ventures and Reliance Retail and Fashion Lifestyle.

BEML received variation order to contract ''MRS1'' from DMRC, for additional 12 trainsets of 6 cars each (total 72 cars) to operate on line 2B and 7 of Mumbai metro project. The order is valued at Rs 501 crore (approx) on equivalent INR basis.

Jindal Steel & Power (JSPL) recorded a 13% year-on-year growth in standalone steel production at 585,000 metric tons in October 2020 as compared to 518,000 metric tons in the same month last year.

Petronet LNG signed a non-binding memorandum of understanding with Ministry of Petroleum & Natural Gas for undertaking compressed bio-gas (CBC) projects.

Credit ratings agency ICRA had reaffirmed its rating on the credit instruments of Can Fin Home worth Rs 24,420 crore and assigned 'stable' outlook on the same. The ratings agency has reaffirmed its '[ICRA]AA+' rating on the company's long term bank facilities, non-convertible debenture (NCD) programme and subordinated debt programme. It also reaffirmed the ratings on short term bank facilities and commercial paper of company at '[ICRA]A1+'.

Shares of Oil India (OIL) will be in focus. Dharmendra Pradhan, Minister of Petroleum & Natural Gas and Steel, inaugurated the seismic survey campaign of OIL at Kakatpur in Odisha in the Mahanadi Basin (Onland).

The board of directors of IIFL Securities on Friday (20 November 2020) approved a proposal to buyback upto 1.66 crore shares (5.21% of the total number of fully paid-up equity shares) at a price not exceeding Rs 54 per share, aggregating upto Rs 90 crore.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, November 23 2020. 08:33 IST