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    Stocks in the news: Laxmi Organic, Craftsman, Jubilant FoodWorks, RVNL, BOI and Canara Bank

    Synopsis

    Canara Bank said it is organising an auction of 2,000 borrower properties in its possession on Friday.

    sensex PTI ed
    The RVNL OFS will open for retail investors on Thursday.
    Nifty futures on the Singapore Exchange traded 36 points, or 0.25 per cent, lower at 14,617 in signs that Dalal Street was headed for a negative start on Thursday. Here are a few stcks which may buzz the most in today's trade:

    Laxmi Organic, Craftsman Automation: Both the stocks will make BSE debut on Thursday. The Rs 600 crore Laxmi Organic initial public offer (IPO) was sold from March 15 to March 17 and was a hit among investors, drawing 106.81 times subscription. The Rs 824 Craftsman issue wasn't a big draw. It was sold in the Rs 1,488-1,490 range and received just 3.82 times subscription.

    Jubilant FoodWorks: The food services company announced to introduce American multinational chain of fried chicken fast food restaurants 'Popeyes', to India. The company announced to enter into an exclusive master franchise and development agreement with PLK APAC Pte, a subsidiary of Restaurant Brands International Inc (RBI), said a joint statement.

    Canara Bank: State-run lender Canara Bank said it is organising an auction of 2,000 borrower properties in its possession on Friday.

    JSW Energy: Sajjan Jindal-controlled JSW Energy is planning to raise up to $1 billion in a maiden dollar bond sale, seeking to catch up with rivals such as Adaniand the Tatas in expanding its footprint in clean energy projects. These would be the so-called green bonds, compliant with the crucial ESG (Environment, Social and Governance) theme.

    Rail Vikas Nigam: A strong track record, robust order book, recovery of funds from railways, improved working capital cycle and decent dividend yield make Rail Vikas Nigam (RVNL) a good bet for retail investors at an offer for sale (OFS) price of Rs 27.50. The OFS will open for retail investors on Thursday.

    Bank of India: Bank of India on Wednesday said it will raise up to Rs 750 crore by issuing Basel III compliant bonds. The bidding for the Basel III compliant additional tier I bonds will start on March 26 and end on March 30 (settlement date), the bank said in a regulatory filing.

    Oil India: Indian state-owned energy firms ONGC Videsh Ltd and Oil India Ltd, together with their foreign partners, have met conditions precedent for the first debt drawdown from the USD 14.9 billion facility they had tied up to part-finance their USD 24.1-billion LNG project in Mozambique.

    Falcon Tyres, Dunlop India: Markets regulator Sebi on Wednesday restrained the officials of Falcon Tyres Ltd and Dunlop India Ltd from accessing securities market for violating market norms.Falcon Executive Chairman Pawan Kumar Ruia has been barred from the securities market for 2 years and Executive Director Sunil Bhansali for one year.




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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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