Nifty futures on the Singapore Exchange traded 110 points, or 0.64 per cent lower at 17,170, signaling that Dalal Street was headed for a negative start on Monday. Here are a dozen stocks which may buzz the most in today's trade:
InterGlobe Aviations: IndiGo's co-founder Rakesh Gangwal has stepped off its board and will sell his holdings in the airline over about five years, he said. His letter to the board came barely two weeks after his partner Rahul Bhatia, with whom he has sparred for long, assumed the position of managing director.
HDFC Bank: The private lender said that Srikanth Nadhamuni has resigned as a director from its board, citing potential future interests. Nadhamuni has tendered his resignation as non-executive (non-independent) director of HDFC Bank vide his resignation letter dated February 18, 2022.
HCL Technologies: The IT company has extended its relationship with The Royal Automobile Club of Victoria (RACV) with a multi-year agreement to provide Integration-as-a-Service offering. The company did not divulge the size of the contractNTPC: The state-run power giant said it surpassed the maximum annual electricity generation of 314 billion units achieved in 2020-21 on February 18. NTPC has recorded a generation of 314.89 billion units upto 18th February 2022, surpassing the maximum annual generation of 314 BU achieved in 2020-21.Federal Bank: A subsidiary of the private lender, Fedbank Financial Services Ltd (FedFina), has filed preliminary papers with Sebi for its initial public offering. The draft red herring prospectus was filed with the capital markets regulator on February 19, 2022, Federal Bank said in a regulatory filing.
Escorts: The tractor maker will receive Rs 1,872.74 crore from Kubota Corporation as it approved preferential allotment of 93.63 lakh equity shares at Rs 2,000 per share. After the allotment, Kubota Corporation holds 16.39 per cent stake in the company.
Indian Oil Corportaion: India's largest oil firm will set up 'green hydrogen' plants at its Mathura and Panipat refineries by 2024 to replace carbon-emitting units as it sees the just announced green hydrogen policy as a watershed moment in the country's energy transition that will help cut costs.
Ashok Leyland: The Hinduja Group flagship firm plans to set up a new manufacturing facility in the country to roll out electric vehicles. The Chennai-based firm has also lined up a Rs 500 crore investment to develop powertrains based on alternative fuels like CNG, hydrogen and electric for its commercial vehicles range.
Gujarat Mineral Development Corporation: The leading mining PSU and the largest lignite seller in the country, has received the approval from the environment ministry to mine the Tadkeshwar lignite block in Gujarat up to the depth of 135 meters. The company had earlier received approval to mine the lignite block up to the depth of 94 metersmeters.
Equitas Small Finance Bank: The private lender said it has fixed the price for its proposed QIP issue at Rs 53.59 per share. The bank in October 2021 had said that it will raise up to Rs 1,000 crore through a qualified institutional placement (QIP) in order to fulfil the regulatory norms regarding minimum public shareholding.
The Phoenix Mills: The real estate player will make Classic Mall Development Company as its wholly owned subsidiary after buying 50 per cent stake from Crest Ventures and Escort Developers for Rs 918 crore in the subsidiary which owns Phoenix Market city Chennai with chargeable area of approximately 1 million square feet in Velachery, Chennai.
Hinduja Global Solutions: The BPO/KPO player said its UK arm has bagged a contract worth Rs 2,100 crore to provide critical customer support to UK citizens for an initial period of two years.
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