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

  • Investing.com
  • Stock Market News
Key Stocks in Focus: Bajaj Auto, Paytm, Nykaa, Gayatri Projects & More
Credit: © Reuters.

By Malvika Gurung

Investing.com -- 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.

Add Chart to Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100
Please try another search

Related Articles