ECONOMY

Stocks To Watch: Thyrocare Technologies, Barbeque Nation, Lupin, JSW Energy, Finolex Industries

  • Thyrocare Technologies: Promoters to sell 3.49 crore equity shares, representing 66.14% of the equity share capital, at Rs 1,300 per share aggregating to Rs 4,546 crore to Docon Technologies. Further, Docon Technologies along with API Holdings have announced an open offer for acquisition of up to 1.37 crore fully paid-up equity shares, representing 26% of the Expanded Voting Share Capital, from the public shareholders of the company. Docon Tech and API Holdings will acquire shares at Rs 1,300 per share aggregating to total consideration of Rs 1,788 crore.

  • Barbeque Nation Hospitality: Approved raising up to Rs 99.99 crore via share issue. The company will issue 11.77 lakh shares at Rs 849 per share to Massachusetts Institute of Technology, 238 Plan Associates LLC and Motilal Oswal Equity Opportunities Fund Series – II.

  • SBI: The bank’s performance trajectory of FY21 will continue in FY22, said Chairman Dinesh Khara during the annual general meeting. He also said that the bank will make efforts in ‘full force’ on stressed assets recovery.

  • Lupin: Launched Emtricitabine and Tenofovir Disoproxil Fumarate tablets, used in the treatment of HIV-1 infection, in the American market after receiving approval from U.S. FDA. The drug maker’s product is the generic version of Gilead Sciences, Inc’s Truvada tablets and indicated in combination with other antiretroviral agents for the treatment of HIV-1 infection.

  • Reliance Industries: Restarted a fluidized catalytic cracker unit at its export refinery in Gujarat, after an emergency shutdown on June 6. The unit underwent repairs and has since been stabilised and normal throughput has been reached, the company said.

  • Brigade Enterprises: Approved the closure of QIP on June 25 and issue price of Rs 268 per share. The issue price is at a discount of 3.07% to the floor price of Rs 276.50 per share. The company has allotted 1.86 crore shares to qualified institutional buyers at the issue price of Rs 268 per share aggregating to Rs 499 crore.

  • Shree Renuka Sugars: To expand Ethanol capacity to 1,400 Kilo Litre Per Day from 970 KLPD. Company to invest Rs 450 crore for expansion. The capacity is expected to be added by October 2022.

  • Manappuram Finance: DSP Trustee raises stake in the company to 7.07%.

  • Earnings: Hindustan Aeronautics Ltd, National Aluminium Co, NLC India, Brightcom Group, Future Lifestyle Fashions, Federal-Mogul Goetze (India), GFL, GIC Housing Finance, IFCI, Indo Amines, ISGEC Heavy Engineering, Kiri Industries, Orient Paper & Industries, Sadbhav Infrastructure Project, Sandur Manganese & Iron Ores, Tamilnadu Petroproducts, Triveni Turbine, Welspun Corp, Zee Media Corporation

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