Overnight digest: Stocks to watch out for on June 23
The stocks to watch out for on June 23 include Minda Industries, Thangamayil Jewellery, Century Plyboards (India), Gayatri Highways and Ashapura Minechem.
Minda Industries: The company has announced that it has won a bid to acquire around 51 per cent stake in automotive lighting manufacturer, UzChasys LLC (UZ Chasys) in Uzbekistan for a purchase consideration of approximately Rs 58 crore.
Thangamayil Jewellery: Tamil Nadu Government has extended the time period of total lockdown to June 28, 2021. Hence, the showrooms of Thangamayil Jewellery will continue to remain closed till the mentioned date. Nevertheless, some relaxations will be offered for private organisations.
Century Plyboards (India): At its board meeting, the company announced considering a proposal for setting up a new unit in Andhra Pradesh for manufacturing of medium density fibreboards (MDF).
Gayatri Highways: Gayatri Highways reported that it has successfully completed the acquisition of 12,00,217 cumulative redeemable preference shares (CRPS) of HKR Roadways Limited.
Ashapura Minechem: For Q4FY21, the company’s net sales rose by 229.4 per cent to Rs 358.12 crore from Rs 108.71 crore reported in Q4FY20 on a consolidated basis.