Key Stocks in Focus: Bajaj Auto, Paytm, Nykaa, Gayatri Projects & More

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Key Stocks in Focus: Bajaj Auto, Paytm, Nykaa, Gayatri Projects & More
Credit: © Reuters.

By Malvika Gurung -- Bajaj Auto (NS: BAJA ): Insurance behemoth Life Insurance Corporation (NS: LIFI ) of India has offloaded a 2% stake in the auto heavyweight, bringing its shareholding down to 5.2% from 7.2% earlier.

UltraTech Cement (NS: ULTC ): The cement major has begun operations at its third Birla White Wall Care Putty plant in Rajasthan, which has a capacity of 4 LMT/annum and at a total cost of Rs 187 crore.

Bharat Electronics (NS: BAJE ): The Navratna defence PSU has signed an MoU with the defence PSU, Armoured Vehicles Nigam to combinedly address domestic and export opportunities in areas related to combat vehicles and related systems. 

Paytm (NS: PAYT ): SoftBank’s SVF India Holdings has sold 2,93,50,000 equity shares of the company, translating to a 4.5% stake through an open market transaction for Rs 1,631 crore, as bulk deal data on NSE.

Nykaa (NS: FSNE ): According to reports, the private equity firm TPG Capital is looking to offload Nykaa’s shares worth Rs 1,000 crore or $125 million, with Citigroup (NYSE: C ) as the banker assigned to the deal.

Blue Dart Express (NS: BLDT ): As part of its expansion plans, the logistics major has opened up over 19 retail outlets across Tier I and II cities, including states like Uttarakhand, Punjab, Uttar Pradesh and Maharashtra, among others. 

Gayatri Projects: A petition has been filed by the Hyderabad bench of NCLT, admitted by SBI (NS: SBI ) to begin bankruptcy proceedings against the construction engineering company to recover dues of over Rs 6,000 crore.

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