Stocks in the news: Coal India, IIFL Finance, Indiabulls Housing, Biocon, JK Tyre and Aavas Financiers

Nifty futures on the Singapore Exchange traded 9.5 points, or 0.07 per cent lower at 12,943.50, in signs that Dalal Street was headed for a muted start on Tuesday. Here are a few stocks which may buzz the most in today’s trade:

Aavas Financiers: AU Small Finance Bank sold 35 lakh shares of Aavas Financiers worth Rs 530 crore through an open market transaction. In a regulatory filing, the bank said it has offloaded 4.46 per cent stake in Aavas Financiers, formerly known as AU Housing Finance Ltd.

Coal India: State-owned Coal India said it has been served a one-day strike notice by four trade unions for November 26, 2020. “Four trade unions of CIL have served one-day strike notice in CIL and its subsidiaries on 26.11.2020,” the company said in a BSE filing.

Mindtree: The IT firm said it has bagged a five-year deal from The Nordex Group to help the wind turbine manufacturer simplify, modernise and transform its entire IT landscape globally.

IIFL Finance, Indiabulls Housing Finance: Asset quality at non-bank lenders IIFL Finance and Indiabulls Housing Finance is “vulnerable” due to the economic contraction, global ratings agency Moody’s Investors Service said.

Ircon International: State-owned engineering and construction firm Ircon International said it has received a Rs 723 crore work order from the National Capital Region Transport Corporation (NCRTC).

Biocon: Biotechnology major Biocon said it has inked an agreement for the acquisition of 26 per cent stake on a fully diluted basis in Hinduja Renewables Two for Rs 5.91 crore.

JK Tyre: The company said it will supply radial tyres to Korean automaker Kia Motors India for the compact SUV Seltos.

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Exide Industries: The battery maker said it has increased stake in its joint venture (JV) with Swiss firm Leclanche to 80.15 per cent with a further investment of Rs 33.17 crore by way of subscription to equity shares of the JV.



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