Monday 26 September 2022

Stocks to Watch Today | Coal India, Harsha Engineers, RailTel Corp, and others in news today

 Coal India: The coal ministry said the company would sign a Memorandum of Understanding with three major PSUs for coal to chemical products. It will set up four surface coal gasification projects, and aims for 100 MT coal gasification by 2030, says the ministry, reports CNBC-TV18.
State Bank of India: The bank has raised Rs 4,000 crore through non-convertible debentures on private placement basis.
Harsha Engineers International: The company will make its debut on the bourses today. The offer price has been fixed at Rs 330 per share.
PI Industries: Promoter Mayank Singhal has offloaded 0.6% stake or 10 lakh shares in the company via open market transactions. These shares were sold at an average price of Rs 3,150 per share.
Britannia Industries: The board of directors has elevated Varun Berry to Executive Vice-Chairman and Managing Director of the company, and appointed Rajneet Kohli as Executive Director and Chief Executive Officer, with immediate effect. Rajneet Kohli will report to Varun Berry.
Unichem Laboratories: Unichem Labs liquidates 19.97% stake in Optimus Drugs for Rs 271 crore. The company has completed its sale of 19.97% equity shares in Optimus Drugs to Sekhmet Pharmaventures. Accordingly, it has received payment towards completion of sale of first tranche.
RailTel Corporation of India: The Government of India has appointed Sanjai Kumar as Chairman and Managing Director of the company, with effect from September 23.


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