Stocks to watch today- July 11, 2023

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SBI cards and payment on Monday her father said Central Bank of India (SBI) has appointed Abhijit Chakravorty as Managing Director and Chief Executive Officer. He will replace Rama Mohan Rao Amara, who will cease to be an MMD from August 11. Chakravorty’s appointment will become effective August 12 for a two-year term, SBI Card reported in a regulatory filing.

Larsen and Toubro on Monday It said it had entered into an agreement with Spanish shipbuilder Navantia to bid for a submarine tender for the Indian Navy valued at more than 4.8 billion euros ($5.26 billion). Navantia and L&T first signed a Memorandum of Understanding in April to bid for Indian Navy Project 75 (India) that would require local companies to link up with foreign firms to produce six air-independent propulsion (AIP)-equipped conventional submarines.

Also read: Stocks to buy today: IIFL Finance (539.80 SAR)

Cupid Limited has received an order for the supply of male and female condoms worth Rs. 17.93 crore from Liber Manufacturing Group Limited.

They moved Sanghvi It said it will execute 41 per cent of the ₹150 crore contract it has secured from leading independent power producers in the renewable energy sector in this financial year. The contracts for the provision of crane rental services along with allied services consisting of surface WTG logistics, inland trolley, installation and pre-commissioning of WTG assemblies, wind farm development and storage yard are for 18 months starting in April. The balance will be completed in fiscal year 25

creditors of Jet Airways The Supreme Court has urged termination of the suspended airline, claiming that the approved settlement plan is not viable. The Committee of Creditors (CoC), represented by Additional Solicitor General N Venkatraman, told the Supreme Court that the Jalan Kalrok consortium, which was granted ownership of the airline, had failed to inject any money into the company. Moreover, the Directorate General of Civil Aviation refused to renew Jet Airways’ air operator certificate, which expired in May.

Life Insurance Tata AIA (Tata AIA), one of India’s leading life insurance companies, has launched its first dedicated micro fund, the Tata AIA Small Cap Discovery Fund. The new fund will provide policyholders with the opportunity to generate capital appreciation over the long term by investing in small cap stocks. The New Fund Offering (NFO) window will remain open from July 10 to July 24, 2023, at a price of $10 per unit, and is only applicable during the NFO period.

IFB Agro Industries on Monday said its alcohol business is facing challenges due to a sharp rise in liquor prices due to a 30 per cent increase in tax charges by the West Bengal government, while the company’s new fish feed manufacturing facility in Odisha will be operational from March 2024. .

Online sports platform Nazara Technologies on Monday said its board of directors has agreed to raise Rs 750 crore through equity shares. The Board of Directors, in a meeting held on Monday, also authorized a capital increase from ₹30 crore to ₹50 crore, according to a regulatory filing.

CarTrade has announced that it has acquired the OLXAutos business in India, in a deal worth ₹537 crore.

Bright Brothers Limited earlier announced the establishment of a manufacturing unit by its wholly owned subsidiary, Bright Brothers LLC in Lena in Wisconsin, USA. Commercial production of the unit starts from July 10th.

APL Apollo Building Products Private Limited, a wholly owned subsidiary of APL Apollo Tubes Limited, has been awarded incentives worth ₹500 crore by the Government Investment Promotion Board (SIPB), Government of Chhattisgarh. Accordingly, the company will receive stamp duty relief; 75% net SGST for 15 years; Exemption from electricity fees for a period of 15 years; And transportation support towards exports for 15 years.

Also read: Intraday trading guide for July 11, 2023

Link Pharma Chem Limited has received notice from the Gujarat State Pollution Control Board, Gandhinagar to shut down operations of its plant located at Nandesari, Dist. Vadodara. The board set certain conditions and required the company to fulfill them.

The Elitecon International Board of Directors noted the fact that an Offer to Sell (OFS) by a promoter (between 5th and 25th May) could not be completed because an investor was a body corporate, making it ineligible to be classified as QIB. Hence, the Board decided to require the Selling Promoter to submit a new OFS to QIB to comply with the minimum public shareholding.

Tata Communications has entered into a share purchase agreement through its Singapore-based subsidiary Tata Communications International Pte Ltd (TCIPL) to acquire the remaining 41.9 per cent stake in Oasis Smart SIM Europe SAS (Oasis), a leading provider of embedded SIM (eSIM) technology. The deal allows Tata Communications to accelerate and enhance the Tata Communications MOVETM platform roadmap for global markets.

Allcheckdeals India Pvt. Ltd, a wholly owned subsidiary of Info Edge (India) Ltd, has agreed to invest ₹ 10 lakh in its wholly owned subsidiary Interactive Visual Solutions Private Limited, a wholly owned subsidiary of the company.

Evaluating the results: Eiko Lifesciences, Elecon Engineering, Excel Realty, General Engineering, PCBL, Plastiblends, Sita Enterprises.