Stocks to watch on May 16, 2023

The Board of Directors of Eiko LifeSciences has approved the issuance of 55,44,178 partially paid shares at par value of ₹10 each at an issue price of ₹45 per share, totaling ₹24.95 crores to all existing shareholders of the company on rights basis. The correct vesting ratio is 2:3. An amount of £13.5 per equity share shall be payable on demand and the balance shall be paid in not more than two calls as the Board of Directors in its sole discretion shall determine from time to time.

Renowned capital markets investor Ashish Kachulia, along with Bengal Finance and Investments Pvt Ltd, on Monday bought 4.05 per cent stake in Aeroflex Industries Limited, a physical subsidiary of the company. Sat Industries, according to an exchange filing on the BSE and NSE. The shares were purchased for a total amount of Rs. 40.56 crore. Aeroflex Industries is a manufacturer and supplier of flexible metal flow solutions products that cater to global and domestic markets. It exports its products to more than 80 countries including Europe, USA and other countries, while SAT Industries is a diversified business group engaged in various business activities, such as manufacturing, education, leasing, financing, investments, local trade, import and export through group companies.

Also read: Sensex and Nifty are likely to rise further on FPI buying momentum

Jupiter Wagons Limited (JWL), a leading provider of end-to-end mobility solutions spanning rail, road and marine transport, has successfully concluded its fundraising exercise through Qualified Institutional Placement (QIP) for Rs 125 crore, QIP garnering an overwhelming response from investors such as Tata Mutual Fund, Ananta Capital, ITI Mutual Fund, etc. The funds raised through QIP will be used in Accelerate the growth of Jupiter Wagons and continue their journey As one of the fastest growing mobility solutions companies with enhanced manufacturing capabilities. JWL aims to use the fund to acquire Stone India, improve working capital, and other corporate purposes.

Raju Engineersamong the leading manufacturers of plastic extruders in India, has a bag business worth Rs 31 crore from one of the leading manufacturers of agricultural machinery and equipment based outside of Europe.

SEBI granted approval for a proposed change in control of HDFC Capital Advisors, a subsidiary of HDFC and Joint Investment Portfolio Manager, pursuant to a proposed Merger Composite Scheme in order to integrate HDFC with HDFC Bank. The proposed merger is subject to receipt of final approvals from SEBI in connection with the change in control of certain subsidiaries of HDFC. Besides, HDFC said it will Issuance of bonds through private placement to raise up to Rs.8,000 crore and strengthening its financial position.

Vedanta he have He appointed Sonal Shrivastava as the new Chief Financial Officer (CFO) as of June 1. She will join Vedanta from the Holcim Group, which she joined in 2002 and was Chief Financial Officer for Asia Pacific, Middle East and Africa. Prior to that, she was the Chief Financial Officer of a company Ambuja cement. Shrivastava brings over 26 years of financial leadership experience across sectors.

Evaluating the results: 20 micron Alicon Castalloy, Amber Enterprises India, Aurionpro, Auro Labs, Auto Axles, Bacil Pharma, Bharti Airtel, Bank of Baroda, Chemplast Sanmar, CCL Products, CreditAccess Grameen, EIH Associated Hotels, Excel Industries, Goa Carbon, Granules India, Heubach Colorants, Hindustan Mills, Indian Hume Tubes, Indo Rama Industrial Materials, Indian Oil Corporation, Jindal Steel & Power, JK Paper, Jubilant Ingrevia, Kajaria Ceramics, LIC Housing Finance, Madhucon Projects, Morepen Lab, Metropolis Healthcare, Mukand, Navneet Edu, Oberoi Realty, Paras Defense and Space Technologies, Prakash Industries, Siva Cement, Simplex Realty, Talbros Automotive Components, Triveni Turbine, TV Today and VMart.