Stocks Under Focus: Adani Enterprises, LIC, ONGC, Syrma SGS, Paytm & More

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Stocks Under Focus: Adani Enterprises, LIC, ONGC, Syrma SGS, Paytm & More
Credit: © Reuters.

By Malvika Gurung

Investing.com -- Adani Enterprises (NS: ADEL ): The conglomerate will be investing $5.2 billion in Odisha for setting up a 4 MMTPA integrated alumina refinery in the state and has gotten HLCA from the state government for the same. It will also set up a 30 MMTPA iron ore project in the state.

Paytm (NS: PAYT ): The advisory firm Institutional Investor Advisory Services India (IIAS) has opposed the proposal of reappointing Vijay Shekhar Sharma as the company’s CEO for the next 5 years.

Sterling and Wilson Renewable Energy (NS: STEN ): Promoter Shapoorji Pallonji and Company will be selling its 1.25% stake or 23.71 lakh equity shares held in the company through OFS at a floor price of Rs 270 apiece.

Balaji Amines (NS: BAMN ): Subsidiary Balaji Speciality Chemicals has filed a DRHP with the markets regulator SEBI for raising funds through IPO, the offer comprising a fresh issue of shares worth Rs 250 crore and an OFS of 2.6 crore shares.

Newgen Software Technologies (NS: NEWG ): PGIM India Mutual Fund and Abu Dhabi Investment Authority have sold a total of 12.2 lakh equity shares of the company at Rs 370 apiece for Rs 45 crore through open market transactions.

Syrma SGS Technology: The company will launch its IPO worth Rs 840 crore for subscription on Friday.

Nykaa (NS: FSNE ): CEO of the company’s private label division FSN Brands has resigned w.e.f. Aug 16, 2022.

Some Companies Releasing Q1 FY23 Earnings on Monday

  • Life Insurance Corporation (NS: LIFI )
  • ONGC (NS: ONGC )
  • Hero MotoCorp (NS: HROM )
  • Divi's Laboratories (NS: DIVI )
  • Bajaj Electricals (NS: BJEL )
  • Hindustan Aeronautics (NS: HIAE )
  • Grasim Industries (NS: GRAS )
  • Muthoot Finance (NS: MUTT )
  • Zee Entertainment (NS: ZEE )

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