New Delhi: Here are 10 shares that can focus on Wednesday Reliance Industries: In partnership with CARE & Reconstruction Enterprise assets have emerged as the highest bidder in the second half offer to bankrupt Sintex Industries Ltd. offer ₹ 3,405 Crore, while Himatsingka Ventures’ ₹ 3,297 crore.
Bank IDBI: This center is looking to start the Privatization of the IDBI Bank this month, with KPMG advisors to reach several applicants, including large private equity funds and old funds, invite them to the roadshow next week. This will be a virtual interaction, to be attended by government officials and bank management.
HDFC: CLSA has increased its ranking on the work giver of a mortgage lender service Corporation to ‘buy’ from ‘outperform’, and maintain the price target of ₹ 3,050, implying a 30% potential upside down. HDFC shares rose by almost 2% on Tuesday ending with ₹ 2,339.90. Increasing the risk for gifts is the main reason behind the increase, CLSA said
Oil marketing company: EED state-owned oil retailer to hike gasoline and diesel rates with ₹ 5-6 per liter to align it at an international price that escaped. OMC has maintained prices unchanged for more than 100 days now, given assembly polls in several countries.
NBFCS: Reserve Bank of India has enabled non-bank financial companies to six months to comply with NPA recognition norms (non-performing assets). Previously, March 31 was the deadline for non-bank lenders to increase the NAS only after all the main arrears and main contributions were paid. RBI clarifies that loans classified as NPA will be increased to the standard category only if all contributions are paid.
Reliance Capital: Lenders to rely on capital have reached an agreement on the expression of interest (EOI) documents that will be floated by the company’s administrator to prospective bidads. Eoi can be ready as early as Friday. The Administrator appointed RBI will request approval from NCLT for the term EOI proposed.
The SREI Group: The company’s promoter has approached the National Companies Law Court which compete for the KPMG Forensic Audit, which has been ordered by bankers. The bankers have assigned KPMG to conduct a forensic audit in March 2021 when they consider loan treatments. The RBI special audit in November 2020 has identified several related party transactions in their company. Aditya Birla Fashion and Retail: Make aggressive encouragement to Indian ethnic clothing, including label designers and business-first business, by installing or acquiring new digital brands and beauty. Companies can invest and build as many as 30 internet-first brands in the next 3-5 years.
SpiceJet Ltd: reported consolidated net profit ₹ 42.45 Crore in a three-month period which ended December 31 compared to the disadvantage of ₹ 66.78 Crore a year ago, mainly because of the claimed compensation as the foundation of the Boeing 737max aircraft. Consolidated net income rose 43% in the year to ₹ 2,677.34 crore. Burger King India: The company closes quality institutional placement problems and completes the problem price with ₹ 129.25 per share, 5% discount to the price of ₹ 136.05 per share.
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