Stocks in Focus: Hero Moto, Escorts, Vishnu Prakash, Bombay Dyeing & More

By Malvika Gurung — Hero MotoCorp: The two-wheeler manufacturing giant’s Board has approved an investment of up to Rs 550 crore into the smart electric scooter company Ather Energy, in which Hero Moto is an existing investor.

Escorts (NS:) Kubota: The agricultural machinery major will raise the prices of its tractors from September 16, 2023, which will vary across models or variants as well as geographies.

Vishnu Prakash R Punglia (NS:): The Infrastructure Development company will list its shares on the Indian stock exchanges on Tuesday, with a final issue price fixed at Rs 99/share.

Tata Power (NS:): The Tata major’s subsidiary Tata Power Renewable Energy has entered into a power delivery agreement (PDA) with Neosym Industry for a 26 MW AC group captive solar plant in Ahmednagar, Maharashtra.

Mahindra and Mahindra (NS:) Financial Services (NS:): The rural NBFC’s overall disbursement grew 15% YoY to almost Rs 4,400 crore in August 2023, with the YTD disbursements registering a 22% YoY jump at nearly Rs 20,950 crore.

Bombay Dyeing (NS:): The textiles producer and the private lender Axis Bank (NS:) have settled their dispute, and the former has executed a Conveyance Deed in favour of the bank on Sept 4, 2023.

Ramco Cements (NS:): The cement company commissioned the balance capacity of 3 MW of Waste Heat Recovery System out of 12 MW capacity, in the last week of August at its Kolimigundla Plant.

Mrs Bectors Food Specialities (NS:): The biscuits, breads and buns manufacturer has appointed Arnav Jain as its Chief Financial Officer, starting August 11, 2023.

Source link






Leave a Reply

Your email address will not be published. Required fields are marked *