Bajaj Finserv Ltd., Religare Enterprises Ltd., Vedanta Ltd., IndusInd Bank Ltd. and Ircon International Ltd. will be the stocks to watch before going into trade on Tuesday.
Stocks To Watch
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Bajaj Finserv: Allianz SE has signed binding agreements to sell its 26% stake in Bajaj Allianz General Insurance Co. and Bajaj Allianz Life Insurance Co. to Bajaj Group for approximately €2.6 billion.
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Religare Enterprises: The board initiated a governance review of REL and its subsidiaries, Religare Finvest and Religare Housing Development Finance.
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Vedanta: Chairman Anil Agarwal stated that each of the company’s four demerged entities has the potential to become a $100 billion enterprise.
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IndusInd Bank: Moody’s has affirmed the bank’s rating while placing its Baseline Credit Assessment under review for a possible downgrade.
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Ircon International: The joint venture secured letters of award worth Rs 1,096 crore from the Meghalaya government.
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PC Jeweller: The company will allot 51.7 crore shares to consortium lenders via preferential issue to settle Rs 1,510 crore debt.
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Coffee Day Enterprises: The company will settle Rs 205 crore outstanding debt in three tranches.
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Indian Renewable Energy Development Agency: The company will enhance its borrowing programme for fiscal 2025 by Rs 5,000 crore.
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Suryoday Small Finance Bank: Chief Executive Officer Baskar Babu Ramachandran has acquired 1.5 crore shares, increasing the total promoter group’s holding in the bank from 22.3% to 22.44%.
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Rites: The company has received a revised order for $10.8 million for additional supply and commissioning of electric locomotives.
. Read more on Markets by NDTV Profit.Coffee Day Enterprises, Suryoday Small Finance Bank, Ircon International and Rites will be some of the other stocks to watch. Read MoreMarkets, Notifications
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