Stocks Under Focus: RIL, NTPC, UltraTech Cement & More

  • Stock Market News
Stocks Under Focus: RIL, NTPC, UltraTech Cement & More
Credit: © Reuters.

By Malvika Gurung -- Reliance Industries (NS: RELI ): The country’s most-valuable listed company in terms of market cap will host its 45th AGM on Monday and traders expect announcements of the conglomerate’s retail and telecom IPOs.

NTPC (NS: NTPC ) Ltd: The energy giant’s board has approved investing Rs 11,843.75 crore for the 1,320 MW Stage-III expansion of its Talcher thermal power plant in Odisha.

UltraTech Cement (NS: ULTC ): The cement major has completed the expansion of 1.3 mtpa capacity at Dalla Cement Works in Uttar Pradesh, increasing the unit’s capacity to 1.8 mtpa.

New Delhi Television Ltd (NS: NDTV ): The media company has pushed its AGM to a week later to September 27, 2022, given the open offer from Adani (NS: APSE ) Group to acquire a 26% stake in the company.

IndiGo (NS: INGL ): The airline company’s shareholders approved the appointment of three directors and re-appointment of Anil Parashar as a director at its annual general meeting.

Berger Paints (NS: BRGR ): The paint maker aims to add up to 7,000 dealers annually, compared to the 4,000-4,500 rate and is looking forward to operationalizing the fully-automated paints manufacturing plant near Lucknow in November.

Minda Industries (NS: UNOI ): The auto parts manufacturer will invest around Rs 300 crore for expanding its manufacturing capacity of four-wheeler alloy wheels and 4-wheeler automotive switches and meet the rising demand.

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