IIFL Finance Ltd., Piramal Enterprises Ltd., Aditya Birla Real Estate Ltd. and Indian Overseas Bank and Dalmia Bharat Ltd. are some of the stocks that will be on the radar on Monday.

Stocks To Watch

  • IIFL Finance: The company has approved the issuance of secured, listed, rated, redeemable, non-convertible debentures through a private placement. The total issue size is Rs 150 crore, consisting of a base issue of Rs 75 crore and an additional greenshoe option of Rs 75 crore, amounting to a total of 15,000 NCDs.

  • Piramal Enterprises: The company received GST demand of Rs 1,502 crore, inclusive of interest and penalty, from the Maharashtra tax authority.

  • Aditya Birla Real Estate: Birla Estates, a wholly owned subsidiary, announced the launch of Birla Trimaya Phase III – The Park in North Bengaluru. Within 24 hours of the launch, the project recorded a booking value of approximately Rs 500 crore with over 300 units sold. This brings the cumulative booking value across all launched phases to around Rs 1,500 crore.

  • IOB: Indian Overseas Bank has received a GST demand of Rs 699.5 crore, which includes interest and a penalty of Rs 35.3 crore, from the Chennai Large Taxpayers Unit.

  • Dalmia Bharat: The boards of directors of Dalmia Cement (Bharat) Ltd. and Dalmia Bharat Green Vision Ltd. have approved plans to expand their clinker and cement production capacities.

  • Ujjivan Small Finance Bank: The bank’s authorised committee has approved the sale of non-performing assets and written off loans worth Rs 364.5 crore to an asset reconstruction company.

  • RailTel Corp: The company has received a work order worth Rs 26.4 crore from the Cuttack Development Authority. It has also secured another work order valued at Rs 37.2 crore from the Madhya Pradesh State Electronics Development Corp.

  • NCC: The company has secured an order worth Rs 218.8 crore from a state government for the transportation division. This order does not include any internal contracts.

  • Aurobindo Pharma: The company has approved the acquisition of the remaining 80% equity in Tergene Biotech Ltd., a joint venture and step-down subsidiary. This purchase will result in Tergene becoming a direct subsidiary of the company.

  • MSTC: The company has received an income tax demand of Rs 105 crore, including interest, for the assessment year 2020.

  • Vishnu Prakash R Punglia: The company’s joint venture, VPRPL-SBEL JV, has secured a Rs 269.7-crore contract for the Ajmer-Chanderiya doubling project. The project involves extensive civil and infrastructure work, including earthwork, bridge construction, track laying, and building works along the Northwestern Railway line.

. Read more on Markets by NDTV Profit.RailTel, Ujjivan Small Finance Bank, MSTC, Vishnu Prakash R Punglia and Aurobindo Pharma will be some of the other stocks to watch before going into trade.  Read MoreMarkets, Business, Notifications 

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