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Business News/ Markets / Stock Markets/  Stocks to Watch: JK Tyre, Deepak Nitrite, Religare, BPCL
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Stocks to Watch: JK Tyre, Deepak Nitrite, Religare, BPCL

Here are some stocks to watch out for ahead of Wednesday’s trading session

Doms Industries, a stationary and art products manufacturing company, will list on the stock exchanges today. (Photo: Adeel Halim/Bloomberg)Premium
Doms Industries, a stationary and art products manufacturing company, will list on the stock exchanges today. (Photo: Adeel Halim/Bloomberg)

JK Tyre: The company has launched a QIP to raise funds. The floor price of 358.96 is a 5.2% discount to Tuesday's closing price. The company may offer a 5% discount on the floor price at its discretion.

IREDA: The board approved the raising of unsecured bonds worth 500 crore, with a green shoe option of up to 1,500 crore on a private placement basis. This is part of the company’s 26,000 crore borrowing program for FY24.

Deepak Nitrite: Its subsidiary Deepak Phenolics has approved a binding term sheet with Petronet to offtake 250 KTPA of propylene and 11 KTPA of hydrogen from Petronet Petrochemical Project at Dahej, Gujarat, for 15 years.

Anupam Rasayan: The company approved a preferential allotment of 19,04,540 equity shares for 945.11 each to Rehash Industrial and Resins Chemicals, a promoter. The company has already received approval from BSE and NSE to issue these shares on a preferential basis.

Doms Industries: The stationary and art products manufacturing company will list on the stock exchanges today.

Rail Vikas Nigam: The RVNL and Kerala Rail Development Corporation joint venture emerged as the lowest bidder for a contract to redevelop Varkala Sivagiri Railway station in Kerala. The project is expected to cost 123.26 crore and take 30 months to complete.

Container Corporation of India: The company signed a memorandum of understanding with DB Schenker India to collaborate on EXIM and domestic business. With the MoU, the companies aim to provide sustainable supply-chain practices in the logistics industry.

Varun Beverages: The firm plans to acquire The Beverage Company in South Africa for 1,320 crore. It has also signed an MoU with the Jharkhand government to set up a manufacturing plant in Patratu with an outlay of 450 crore.

BPCL: The company plans to set up a polypropylene unit project at its Kochi refinery at a cost of 5,044 crore.

UPL: The board is scheduled to meet on 22 December to consider raising funds.

Glenmark Life: The Competition Commission of India approved Nirma’s acquisition of a majority stake in the company.

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Published: 20 Dec 2023, 06:45 AM IST
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