Stocks In Focus on Nov 15: Maruti Suzuki, Yes Bank, PB Fintech & More

  • Stock Market News
Stocks In Focus on Nov 15: Maruti Suzuki, Yes Bank, PB Fintech & More

By Malvika Gurung -- Maruti Suzuki India Ltd. (NS: MRTI ): The country’s largest carmaker is bullish over the long-term prospect of CNG models and plans to introduce CNG trims across its product range, as fuel prices are touching record highs globally and a considerable reduction in the sales figure of diesel cars. Furthermore, the Haryana Government has approved the allotment of 900 acres of land for MSI to build its new manufacturing unit.

Yes Bank (NS: YESB ): The private bank acquired 14,02,991 shares, or 7.21% of the share capital of Asian Hotels (North) Ltd. on Friday, by invocation of pledged shares, as the company defaulted on its loan repayments.

PB Fintech Ltd (NS: PBFI ): The parent company of PolicyBazaar and PaisaBazaar will debut on the D-Street on Monday, with its final issue price fixed at Rs 980/share. It will raise Rs 5,625 crore through IPO.

Sigachi Industries: The MCC manufacturing company will make its entry on the bourses today, raising Rs 125.43 crore through initial stake sale, while fixing its price band at Rs 161-163 per share.

SJS Enterprises: The decorative aesthetics product manufacturer will launch on the bourses today, and raised Rs 800 crore by selling its shares at Rs 542 apiece.

Ashok Leyland (NS: ASOK ): The Board of the commercial vehicles maker has approved the transfer of its EV business to its subsidiary Switch Mobility Automotive, India (SMAL) on a slump sale basis for Rs 240 crore.

Fino Payments Bank Ltd (BO: FINY ): The French investment bank Societe Generale (PA: SOGN ) sold a total of 12,10,187 shares in the company priced at Rs 582.86/piece, while BNP Paribas (PA: BNPP ) sold 9,52,080 shares in the company at Rs 544.85 apiece on the NSE.

Companies including Rajesh Exports (NS: REXP ), East India Securities Ltd (BO: EATS ), Aditya Birla Money Ltd (NS: ABML ), MSP Steel Power Ltd (NS: MSPO ), and Tinplate Company of India Ltd (NS: TINP ) among others will release their September quarter earnings results on Monday.

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  • Adil Tyagi @Adil Tyagi
    Like 0
  • Sridar prabhu @Sridar prabhu
    come soon I die ..yes bank loos all money.. my frind 65rat.. God help pls.
    Like 3
  • Vijay Sivalingam @Vijay Sivalingam
    good One..
    Like 1

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