Stocks in the news: RailTel, Mahindra Lifespace, Hatsun Agro, DHFL and HCL Tech

Nifty futures on the Singapore Exchange traded 281 points, or 1.85 per cent, lower at 14,899 in signs that Dalal Street was headed for a gap-down start on Friday. Here are a few stocks which may buzz the most in today’s trade:

RailTel Corporation of India: RailTel will make its market debut on Friday. The IPO, which was sold from February 16 to February 18, saw qualified institutional buyers (QIBs) subscribing 65.14 times the quota limit. Non-institutional investors bade 73.25 times while retail individual investors (RIIs) bade 16.78 times the quota limit.

Mahindra Lifespace Developers: The realty firm said it has acquired 7.89 acres of land to develop a residential project in Bengaluru. The project will offer about 5 lakh sq ft of carpet area. The launch of the project is planned for FY 2022, the company said in a regulatory filing.

Hatsun Agro: Dairy products maker

has commenced commercial production at its new facility in Maharashtra set up at a cost of Rs 130 crore, the company said on Thursday.

HCL Tech: IT services major HCL Technologies said its subsidiary HCL America Inc has approved a proposal for issuing senior unsecured notes of up to USD 500 million.

DHFL: The NBFC said it has received no objection from the Reserve Bank and has filed application with NCLT for submission of the resolution plan of Piramal Capital & Housing Finance.

Jet Airways: The National Company Law Tribunal (NCLT), which is hearing the resolution plan of the grounded carrier , granted time till March 2 to aviation regulator DGCA to respond on the airline’s slots issue.

READ  ALEX BRUMMER: Pharma's shot in the arm

Infosys: IT services major

on Thursday said it will add 300 local jobs in Pennsylvania as part of its ongoing hiring plans in the US.

SBI: State Bank of India and Shapoorji Pallonji Real Estate on Thursday signed a Memorandum of Understanding (MoU) to enable faster processing of home loans, approvals and to provide other benefits.

Schaeffler India: The company is looking to leverage the IT infrastructure and competence available in India, which offers a high level of cost competitiveness, to develop solutions for the global need as well as for the domestic market, a top company executive has said.



Please enter your comment!
Please enter your name here