Hindustan Unilever, Ramky Infrastructure, BSE, Gujarat Gas, Sundram Fasteners, Omnitech Engineering Stocks in Focus on 5 March

Earnings and Major Deals in Focus

Fractal Analytics: The company will announce its quarterly earnings today.

Stocks to Watch

Hindustan Unilever

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• Hindustan Unilever has completed the sale of its entire 19.8% shareholding in Nutritionalab for Rs 307 crore.

Ramky Infrastructure

• Ramky Infrastructure has entered into an agreement with Maharashtra Industrial Township (MITL) for EPC-based infrastructure works within the Dighi Port Industrial Area (DPIA) Phase 1 under the Delhi-Mumbai Industrial Corridor (DMIC). The total contract value stands at Rs 1,401.84 crore.

Cyient

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• The National Company Law Tribunal (NCLT), Bengaluru, has admitted the Interlocutory Application filed by Infotech HAL under the Insolvency and Bankruptcy Code. The NCLT has ordered the commencement of the liquidation process of Infotech HAL and appointed Vasudevan Gopu as the liquidator.

Protean eGov Technologies

• The Board has approved the appointment of Mitesh Shah as Executive Vice President (Chief Information Officer) of the company, effective March 5.

BSE

• The exchange has received approval from the Securities and Exchange Board of India (SEBI) to launch derivative contracts on the BSE Sensex Next 30 index.

Polycab India

• The company has received a tax demand order worth Rs 327.5 crore from the Office of the Deputy Commissioner of Income Tax, Mumbai.

Great Eastern Shipping Company

• The company has contracted to acquire a second-hand Kamsarmax dry bulk carrier of approximately 81,094 dwt on March 4.

Gujarat Gas

• In light of the ongoing war in the Middle East impacting the gas supply scenario, the availability of R-LNG has become severely constrained. The company has issued Force Majeure notices to its industrial customers, restricting the daily contracted quantity effective March 6.

Modis Navnirman

• The company has announced its appointment as the developer for the redevelopment of New Chitra Co-operative Housing Society, a landmark high-rise tower. With a land parcel of 2,300 square meters, the project is expected to generate an estimated gross development value (GDV) of approximately Rs 160 crore.

Bharat Forge

• The Board has approved the raising of funds up to Rs 800 crore through an unsecured rupee term loan.

Lloyds Luxuries

• Sushant Mishra, the Chief Financial Officer, has received a summons dated February 27 from SEBI regarding the accounting treatment of certain expenditures. SEBI is conducting an investigation in relation to the accounting treatment of certain expenditures, financial statements, and related matters to examine compliance with applicable securities laws.

Bulk Deals

• HDFC Mutual Fund sold 20.5 lakh shares in Sundram Fasteners at Rs 831.97 per share and 22.48 lakh shares at Rs 832.36 per share, amounting to 2.04% of the paid-up equity, valued at Rs 357.66 crore.

Stock Trades Ex-Date for Split

• Aqylon Nexus will trade ex-split on March 9.

Stocks in F&O ban

• SAIL is currently under F&O ban.