Market Commentary - Stock Alert
RIL, HDFC Bank, BEL, Tata Chemicals in spotlight As on : 28-Aug-23  08:13

Reliance Industries (RIL): Shares of RIL will be in focus as the company's 46th annual general meeting (AGM) will be held today, 28 August 2023. Investors are eagerly waiting for value to be unlocked in the telecom and retail divisions of RIL, as per reports.

HDFC Bank: HDFC Bank announced that its board has approved the re-appointment of Sanmoy Chakrabarti as the chief risk officer (CRO) of the Bank, for a further period of 5 years, with effect from 14 December 2023 to 31 December 2028.

Bharat Electronics (BEL): BEL said that it has received order worth Rs 1,075 crore from Hindustan Shipyards for supply of CMS, Communication Systems, EW Systems and other sensors for Fleet Support Ships.

Tata Chemicals: Life Insurance Corporation of India (LIC) bought 1,81,45,978 shares of Tata Chemicals at an average price of Rs 999.35 via open market during the period 27 June 2023 to 24 August 2023. LIC's stake in Tata Chemicals rose from 7.123% to 9.177%.

Garden Reach Shipbuilders & Engineers: The company said that it has signed a memorandum of understanding (MoU) with the DEMPO Group for building commercial vessels on the west coast.

IndoStar Finance Capital: The board of IndoStar Finance Capital (ICFL) decided selling a significant portion of its legacy corporate loan book to Phoenix ARC. The sale consists of certain accounts that were tagged in Stage 2, aggregating to dues outstanding of Rs 915 crore.

Linde India: Linde India said that it has been awarded a 'letter of acceptance' (LoA) by Steel Authority of India (SAIL) for installing a cryogenic oxygen plant at SAIL's plant situated at Rourkela.

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