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Stocks Under Focus on Aug 26: LIC, HDFC Bank, Indian Oil, PVR & More

Published 26-08-2022, 07:53 am
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By Malvika Gurung

Investing.com -- HDFC Bank (NS:HDBK): The private lender giant will acquire a 9.94% stake in Go Digit Life Insurance by investing in the range of Rs 49.9-69.9 crore in two tranches.

Life Insurance Corporation (NS:LIFI): The insurance behemoth has diluted shareholding in Nagpur Power & Industries by over 2% through open market sales, bringing it down to 8.33%.

Eicher Motors (NS:EICH): The auto manufacturer’s CFO Kaleeswaran Arunachalam has tendered his resignation, with Sept 2 being his last working day in the role.

Dr Reddy’s: The pharmaceutical major has received an establishment inspection report for its manufacturing unit in Srikakulam, Andhra Pradesh from the US health regulator USFDA, marking that the inspection is closed.

Indian Oil (NS:IOC) Corp: The refining giant has announced to achieve a net zero carbon emissions goal by 2046 and will spend a total of Rs 2 lakh crore to achieve neutrality.

Nykaa (NS:FSNE): Actress Priyanka Chopra has announced partnering with the beauty e-commerce company for the launch of her haircare brand Anomaly in India.

PVR (NS:PVRL): BNP Paribas (EPA:BNPP) Arbitrage sold 4.05 lakh equity shares of the multiplex company on Thursday through an open market transaction, amounting to over Rs 74 crore.

Syrna SGS Technology: The EMS provider’s shares will launch on Indian exchanges on Friday at Rs 300-320 apiece levels.

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