Stocks that are likely to record significant movement on bourses today

UPL: In the light of the strong performance in the first half and business prospects of the second half, driven by favourable agronomic conditions and strong agri-commodity prices, the group decided to redeem the notes early, from the cash in hand and de-leverage the balance sheet. Accordingly, UPL Corporation Limited (the issuer), a subsidiary of the company, has issued notice to redeem US$ 410 MM aggregate principal amount outstanding of its US$ 500 MM 3.25 per cent senior notes due in October 2021. The notes will be redeemed on December 28, 2020 (the redemption date) from its cash on hand. Further, agrofresh litigation update – USA court reduces award from $31 million to $13 million in a major relief to UPL.

Reliance Infrastructure: The company defaults on term loans and the name of the lenders are Jammu & Kashmir Bank and SREI Equipment Finance. The total amount of outstanding borrowing from banks/financial institutions is Rs 4,900 crore as of October 31.

Kansai Nerolac: Kansai Nerolac’s Sri Lankan subsidiary, Kansai Paints Lanka, allots 4.99 crore shares for an equity contribution of Rs 12 crore.

Coal India: Coal India’s production in November was up by 3.3 per cent YoY to 51.7 MT while offtake was up by 8 per cent YoY to 51.3 MT.

Zensar Technologies: Zensar named as a major contender in the Everest Group Digital Workplace Services PEAK Matrix® Assessment 2020.

Dr Reddy’s: Dr Reddy's and RDIF commence clinical trials for the Sputnik V vaccine in India.

Phoenix Mills: Phoenix Mills signed a non-binding term-sheet with an affiliate of GIC to create a strategic, retail-led mixed-use platform.

Hero MotoCorp: The company sold 5,91,091 units of motorcycles and scooters in November 2020.

Tata Motors: Tata Motors registered domestic sales of 47,859 units in November 2020, a growth of 26 per cent over the last year.