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    Stocks in the news: GAIL, Vedanta, NHPC, RBL Bank and Spandana Sphoorty

    Synopsis

    Anand Rathi Wealth will announce its results for the period ended on December 31, 2021 and declare interim dividend for the financial year 2021-22.

    Stocks-resized
    Stocks in buzz: Colgate Palmolive, Mahanagar Gas, NHPC, Geojit Financial Player, Anand Rathi, Hinduja Global and more

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    Nifty futures on the Singapore Exchange traded 135.5 points, or 0.75 per cent lower at 17,838, signaling that Dalal Street was headed for a negative start on Thursday. Here are a dozen stocks which may buzz the most in today's trade:

    GAIL: The company has acquired a 26 percent stake in ONGC Tripura Power Company (OTPC). OTPC owns and operates a 726.6 MW gas-based combined cycle power plant in Palatana, Tripura.

    Vedanta: The aluminum business of mining major has entered into a pact with GEAR India to deploy one of the largest fleets of lithium-ion battery-powered electric forklifts in the country. The company will commission 23 such forklifts in a phased manner over the next few months at its aluminum smelter in Jharsuguda, Odisha.

    RBL Bank: The private lender said its gross advances grew five per cent year-on-year to Rs 59,941 crore as of December 31, 2021. The bank said it is a provisional figure for Q3FY22. The private sector lender had gross advances amounting to Rs 57,092 crore by the corresponding period a year ago.

    Colgate-Palmolive: The leading oral care company said it has initiated talks with distributors who are boycotting some of its products in Maharashtra and a few other states over issues of price disparity between the traditional distributors and organized business-to-business channel.

    Mahanagar Gas: Life Insurance Corporation of India (LIC) acquired more than 2 per cent stake in the company via open market transactions, increasing shareholding to 7.01 percent from 5 percent earlier.

    NHPC: The state-owned hydropower giant it has signed a pact with Green Energy Development Corporation of Odisha Ltd (GEDCOL) to form a joint venture (JV) for setting up a 500-megawatt (MW) floating solar power projects in Odisha.

    Spandana Sphoorty Financial: The microfinance company announced its financial results with a delay and posted a consolidated loss of Rs 57.94 crore for the second quarter ended September 2021. The company had posted a net profit of Rs 66.76 crore for the corresponding quarter of the previous financial year.

    Geojit Financial Services: The NBFC arm of leading brokerage firm, Geojit Credits, launched a digital platform to offer loans against shares (LAS), thereby becoming the first company to offer LAS digitally to any demat account holder registered with the National Securities Depository Ltd (NSDL).

    Anand Rathi Wealth: The recently listed wealth management player will announce its results for the period ended on December 31, 2021 and declare interim dividend for the financial year 2021-22, if any.

    Hinduja Global Solultions: The board of Hinduja Group's BPO/KPO company will meet to consider declaration of interim dividend, if any, for the financial year 2021-22; and proposal for declaration of bonus issue of equity shares.

    Gautam Gems: The microcap company, engaged in trading, on January 13 will consider the Right Issue of equity shares, along with unaudited financial results for the quarter ended on December 31, 2021



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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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