Stocks in news: RIL, Waaree Energies, Arvind Fashions, Honasa Consumer
Markets edged lower on Monday and slipped nearly 0.4%, extending Friday's decline. The sentiment continues to be guided by global cues and stock-specific developments. Analysts maintain consolidation view on the index, though the scheduled monthly expiry could lead to some intraday volatility.
In today's trade, shares of RIL, Waaree Energies, Arvind Fashions, Honasa Consumer, Mangalam Drugs among others will be in focus due to various news developments.
RIL
Reliance Industries clarified that the contents of the report titled "India claims $30 billion from Reliance Industries, BP for underproduction from gas field, sources say" are factually incorrect. The publication of a
report such as this based on unnamed and unidentified sources is inappropriate and irresponsible, the company said.
Waaree Energies
Waaree Energies said its CEO, Amit Paithankar, has resigned from the company. In an exchange filing, the company said its board has accepted his resignation and approved the appointment of Jignesh Rathod as the next CEO. Rathod will work closely with the outgoing CEO during the transition period.
Arvind Fashions
Arvind Fashions said it will buy Flipkart India’s entire 31.25% stake in its denim-focused unit that runs the Flying Machine brand, in a deal valued at Rs 135 crore. Arvind Youth Brands runs Flying Machine, a popular denim and casualwear label with a broad footprint across India spanning wholesale and retail formats. Its turnover for the fiscal year ended March was Rs 432 crore.
Ceigall India
Ceigall India said it has secured an infrastructure order worth over Rs 1,000 crore in Madhya Pradesh. Its arm Ceigall Infra Projects has received a Letter of Award (LoA) from Madhya Pradesh Road Development Corporation Ltd (MPRDC) for the construction of the Indore-Ujjain Greenfield (Access Control) four-lane highway.
Mangalam Drugs
Vijay Kedia has placed his bet on a microcap stock Mangalam Drugs And Organics - a stock that has lagged the market, falling over 70% in the past one year. The ace investor on Monday picked 1,37,794 equity shares in the company via a bulk deal valued at Rs 33.27 lakh.
Honasa Consumer
Honasa Consumer promoter Varun Alagh on Monday increased his stake by 57 bps in the Mamaearth operator, adding nearly 18.52 lakh shares via a bulk deal. He bought shares from Bengaluru-based venture capital firm Fireside Ventures.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
In today's trade, shares of RIL, Waaree Energies, Arvind Fashions, Honasa Consumer, Mangalam Drugs among others will be in focus due to various news developments.
RIL
Reliance Industries clarified that the contents of the report titled "India claims $30 billion from Reliance Industries, BP for underproduction from gas field, sources say" are factually incorrect. The publication of a
report such as this based on unnamed and unidentified sources is inappropriate and irresponsible, the company said.
Waaree Energies
Arvind Fashions
Arvind Fashions said it will buy Flipkart India’s entire 31.25% stake in its denim-focused unit that runs the Flying Machine brand, in a deal valued at Rs 135 crore. Arvind Youth Brands runs Flying Machine, a popular denim and casualwear label with a broad footprint across India spanning wholesale and retail formats. Its turnover for the fiscal year ended March was Rs 432 crore.
Ceigall India
Ceigall India said it has secured an infrastructure order worth over Rs 1,000 crore in Madhya Pradesh. Its arm Ceigall Infra Projects has received a Letter of Award (LoA) from Madhya Pradesh Road Development Corporation Ltd (MPRDC) for the construction of the Indore-Ujjain Greenfield (Access Control) four-lane highway.
Mangalam Drugs
Vijay Kedia has placed his bet on a microcap stock Mangalam Drugs And Organics - a stock that has lagged the market, falling over 70% in the past one year. The ace investor on Monday picked 1,37,794 equity shares in the company via a bulk deal valued at Rs 33.27 lakh.
Honasa Consumer
Honasa Consumer promoter Varun Alagh on Monday increased his stake by 57 bps in the Mamaearth operator, adding nearly 18.52 lakh shares via a bulk deal. He bought shares from Bengaluru-based venture capital firm Fireside Ventures.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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