The Economic Times daily newspaper is available online now.

    Stocks in the news: Sula Vineyards, RIL, Adani Enterprises, Bandhan Bank and Adani Power

    Synopsis

    Sula Vineyards, India's largest wine producer, will make its debut on the bourses on Thursday. The company had raised a little more than Rs 960 crore between December 12-14 and sold its shares Rs 357 apeice.

    Stock IdeasiStock
    Stocks in buzz: Bandhan Bank, Bharat Forge, Max Financial, JB Chemicals, Kalpataru Power, Just Dial, Uno Minda, Supriya Lifescience and more
    Nifty futures on the Singapore Exchange traded 95.5 points, or 0.52 per cent higher at 18,345.5, signaling that Dalal Street was headed for a positive start on Thursday. Here are a dozen stocks which may buzz the most in today's trade:

    Sula Vineyards: India's largest wine producer will make its debut on the bourses on Thursday. The company had raised a little more than Rs 960 crore between December 12-14 and sold its shares Rs 357 apeice, which was entirely an offer for sale.

    Reliance Industries:
    The conglomerate run by billionaire Mukesh Ambani will acquire German firm Metro AG's wholesale operations in India for Rs 2,850 crore as it seeks to strengthen its dominant position in India's mammoth retail sector.

    Adani Enterprises: Adani Solar, a subsidiary of Adani Group's flagship firm, the photovoltaic manufacturing and research arm of the Adani Group, has launched large sized monocrystalline silicon ingot, at its Mundra facility. It will produce renewable electricity from silicon based PV modules with efficiencies.

    Bandhan Bank: The private sector lender has received binding bid of Rs 801 crore from asset reconstruction company, on security receipt consideration basis, for its written-off portfolio with outstanding of Rs 8,897 crore. The bank said it would go for bidding as per Swiss challenge method.

    Adani Power: The Adani Group's utility firm said it has received a B score for climate change transparency from CDP (Carbon Disclosure Project) for 2022. This is higher than the global and Asia regional average of C, and same as the thermal power generation average of B.

    Bharat Forge: The castings & forgings company has commenced supply of forgings utilizing green steel, manufactured and supplied by Saarloha Advanced Materials, a part of the Kalyani Group. This is in line with company's commitment to reduce the carbon footprint.

    Max Financial Services: Promoter of the financial services firm Max Ventures Investment Holdings offloaded 58.85 lakh shares or 1.7 per cent at an average price of Rs 679.2 apeice in the company for Rs 399.7 crore through an open market transaction, according to the bulk deal data available with the NSE.

    JB Chemicals & Pharmaceuticals: The private equity firm KKR-backed JB Chemicals has completed acquisition of Razel franchise from Glenmark Pharmaceuticals. Last week, it had agreed to acquire Glenmark's cardiac brand Razel in India and Nepal for Rs 313.7 crore.

    Kalpataru Power Transmission:
    The civil construction firm said the National Company Law Tribunal has approved the merger of JMC Projects (India) with the firm, making it one of the country's largest listed engineering and construction companies.

    Just Dial: The internet firm's promoter Reliance Retail Ventures, a subsidiary of Reliance Industries, sold 16,86,119 shares or 2 per cent stake at an average price of Rs 600 apiece in the company for Rs 101.16 crore in order to comply with the minimum public shareholding norms, according to the bulk deal data available with stock exchanges.

    GR Infraprojects: Infrastructure investment trust India Grid Trust and GR Infraprojects have joined hands to bid for identified power transmission projects worth Rs 5,000 crore. India Grid Trust (IndiGrid) and GR Infra have announced a strategic partnership in the Indian power transmission sector.

    Uno Minda: The auto components maker said it has entered into a technical license agreement with South Korea's Asentec Co for design, development, manufacturing and marketing of wheel speed sensors in India. The agreement with Asentec will strengthen the company's advanced automotive sensors product portfolio.

    Speciality Restaurants:
    The restaurants firm's board has approved for issue of 60 lakh warrants convertible into equity shares on preferential basis, at a price of Rs 212.05 per warrant. 25% of the warrant issue price will be payable at the time of subscription and the balance 75% at time of coversion on or before April 30, 2023.

    Supriya Lifescience: The pharmaceutical firm has signed an agreement with Pune-based Enrich Energy to develop 4.68 MWp DC solar photovoltaic power project at Nanded in Maharashtra. This project will generate & supply green energy to fulfill about 50 per cent present consumption of the company and reduce carbon emission.

    Schneider Electric Infrastructure: The technology based maker signs has signed an agreement with Nettur Technical Training Foundation (NTTF). The MoU with NTTF is to maximise the impact of training and skilling initiative among the youth of the country.

    Kwality Pharmaceuticals: The pharma company has received approval from Brazil's National Health Surveillance Agency ANVISA for its injectable formulations manufacturing unit at Amritsar and oncology injectable unit at Himachal Pradesh. The approval allows company to market its products in Brazilian pharmaceutical market.

    D-Link: Ace investor Ashish Kacholia offloaded 2.13 lakh shares or 0.6 per cent stake in networking and connectivity products maker via open market transactions on Wednesday at an average price of Rs 242.56 per share worth Rs 5.16 crore, as per the data available with exchanges.

    Lyka Labs:
    The drug maker has signed an agreement to acquire animal healthcare business from Agilis Healthcare. In November, it had proposed acquisition of animal healthcare business.

    Reliance Capital: Ahmedabad-based Torrent Group emerged as the highest bidder for debt-ridden Reliance Capital in the auction conducted as part of its resolution process, which submitted a bid of Rs 8,640 crore for acquiring the NBFC firm set up by the Anil Ambani Group. Hinduja Group was the second highest bidder.

    Starlog Enterprises:
    A subsidiary of port services provider has completed sale of 29.6 per cent stake in its subsidiary India Ports & Logistics, for Rs 16.5 crore. Bollore Logistics India is the buyer for the said stake.



    (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


    (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
    The Economic Times

    Stories you might be interested in