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    Stocks in the news: Hero Moto, Bajaj Finance, IOC, Godrej Properties and Paytm

    Synopsis

    The country's largest two-wheeler maker said it will increase the prices of its motorcycles and scooters by up to Rs 1,500, with effect from December 1.

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    Stocks in buzz: Nykaa, IDBI Bank, JK Cement, IEX, Va Tech Wabag, Muthoot Finance, L&T Finance, Lemon Tree Hotels and more
    Nifty futures on the Singapore Exchange traded 25 points, or 0.13 per cent lower at 18,636, signaling that Dalal Street was headed for a negative start on Monday. Here are a dozen stocks which may buzz the most in today's trade:

    Hero MotoCorp: The country's largest two-wheeler maker said it will increase the prices of its motorcycles and scooters by up to Rs 1,500, with effect from December 1. The price will increase up to Rs 1,500, and the exact quantum of the hike will vary by specific models and markets.

    Bajaj Finance:
    The leading NBFC has entered into a share-purchase agreement to acquire up to a 40 per cent stake in Snapwork Technologies by way of primary and secondary transactions for Rs 93 crore. The company intends to strengthen the technology roadmap through this acquisition which will be completed by December 2022.

    Godrej Properties:
    The realty firm expects to launch a luxury housing project at Ashok Vihar in the national capital in March quarter and is eyeing Rs 8,000 crore of sales revenue from this property. It had in February 2020 acquired a nearly 27-acre land in the national capital for Rs 1,359 crore to develop a luxury housing project.

    Indian Oil Corporation: The oil marketing company has raised Rs 2,500 crore by issuing 25,000, 7.44 percent NCDs of Rs 10 lakh each on a private placement basis. IOC will utilise funds for refinancing existing borrowing or funding capital expenditure.

    One97 Communications: Banking regulator RBI has put a pause on onboarding of online merchants by Paytm Payments Services, even as the company said it will have no material impact on its business. The banking regulator had rejected its application to transfter the payment aggregator services business to Paytm Payments Services.

    FSN E-Commerce Ventures: Beauty and fashion e-commerce firm Nykaa has recorded a 75 per cent growth in gross merchandise value and a 12-fold jump in revenue on Day 1 of its Pink Friday sale. The company said that it recorded over 400 orders per minute on the first day of the sale which started on November 21.

    Indian Energy Exchange: The electricity bourse said its board has approved a proposal to buyback shares worth Rs 98 crore. The maximum of shares to be bought back under the buyback plan is 49 lakh at a price not more than Rs 200 apeice.

    IDBI Bank: The lender will continue to operate as an 'Indian private sector bank' after its strategic sale and the government's residual 15 per cent stake in the lender post privatization will be considered as 'public shareholding', the finance ministry said.

    JK Cement:
    The cement company has increased its cement grinding capacity by 2 million tonnes per annum as its subsidiary Jaykaycem has successfully commenced cement grinding capacity at its newly set up cement manufacturing facilities in Uttar Pradesh.

    Muthoot Finance: The gold loan player will raise Rs 300 crore via public issue of secured redeemable non-convertible debentures of face value of Rs 1,000 each between November 28 to December 19. The issue is with a base issue size of Rs 75 crore with a green shoe option of up to Rs 225 crore aggregating up to tranche limit of Rs 300 crore.

    VA Tech Wabag: The water technology player has signed an agreement with Asian Development Bank (ADB) to raise Rs 200 crore through unlisted non-convertible debentures (NCDs) carrying a 5-year and 3-month tenor. This NCD will be subscribed by ADB over a 12-month period.

    L&T Finance Holdings:
    The financial services firm completed the sale of L&T AMC to HSBC Asset Management. L&T Finance Holdings will receive an aggregate purchase consideration of Indian currency equivalent of $425 million, subject to adjustments as set out in the definitive documents as consideration for the transaction.

    Lemon Tree Hotels: The hotel chain has signed a License Agreement for a 42 rooms hotel in Jamshedpur. The hotel is expected to be operational by end of September, 2023. Its hotel management arm Carnation Hotels will be operating this hotel.

    Shriram Properties: The realty firm has completed the acquisition of 100 per cent equity in Suvilas Realities, which is developing a housing project worth Rs 400 crore. The acquisition has been done through its wholly-owned subsidiary, Shriprop Builders.

    Venus Pipes & Tubes: BNP Paribas Arbitrage bought 6.5 lakh shares or 3.2 per cent stake of the metal prodcuts player at an average price of Rs 650 apiece for Rs 42.25 crore through open market transaction, according to the block deal data available with the BSE.

    Gateway Distriparks: Integrated inter-modal logistics operator has plans to invest at least Rs 500 crore by the fiscal year 2025 to fuel its growth plans, including expansion of rail vertical, among others. It is looking to add a total of five ICDs by FY25.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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