Markets
BSE See NSE See 48,732.55
41.75 (0.09%)

Overnight Digest: Stocks to look out for on July 9

Geyatee Deshpande
/ Categories: Mindshare, DSIJ News
Rate this article:
5.0
Overnight Digest: Stocks to look out for on July 9

Overnight Digest: Stocks to look out for on July 9

As the Sensex fell by 793 points and Nifty settled below the 11,600 level, the stocks to watch out on July 9 include Voltas, BASF India, Eris Lifesciences, Reliance Industries, Mindtree and Punjab National Bank.

Voltas: The company has partnered with EESL (Energy Efficiency Services Limited) to manufacture super energy-efficient air conditioners.

BASF India Limited: As a strategy to manage its portfoilio, BASF India has entered into an agreement with Archroma India Private Limited, a member of the Archroma Group, to divest the company’s Stilbene-based optical brightening agents business for an approximate consideration of Rs. 33.50 crore.

Eris Lifesciences: Through a tender offer, the company has issued a buyback offer of up to 1,739,130 equity shares of face value of Re. 1 each fully paid up at a price of Rs. 575 per equity share.

Reliance Industries Limited (RIL): RIL has joined hands with a Turkish company, Kivanc Tekstil, to create sustainable and innovative fabrics.

Mindtree: After the hostile acquisition by L&T, which now has a controlling stake in the company, the top management officers have resigned.

Punjab National Bank (PNB): PNB has reported a fraud of Rs. 3,805 crore by Bhushan Power & Steel Ltd.

Previous Article PNB defrauded of Rs 3805 crore, stock crashes 11 per cent
Next Article RIL and Kıvanç Tekstil join hands to create sustainable fabric
Please login or register to post comments.

Get A Call From Industry Experts

Send Otp

   I authorize DSIJ Pvt Ltd to contact me. This will override registry on the NDNC.

DSIJ MINDSHARE

1345Last

Knowledge

1345Last