Stocks that are likely to record significant movement on bourses today
Maruti Suzuki India: Over the past year, the cost of the company's vehicles have been impacted adversely due to an increase in various input costs. Hence, it has become imperative for the company to pass on some impact of the above additional cost to customers through a price increase in January 2021.
L&T Technology Services: L&T Technology Services wins USD 100 Million plus plant engineering engagement from the global O&G major.
M&M: M&M has informed that the operations of the company in the automotive sector will be affected by the global supply shortage of micro-processors (semiconductors) used in the electronic control unit (ECUs), which is supplied by Bosch Limited. This is estimated to result in a reduction in production/sales volume of the company (automotive division) and Mahindra Vehicle Manufacturers Limited, a wholly owned subsidiary of the company (MVML) in the last quarter of FY 2020-2021.
IRCTC: Government intends to sell a 20 per cent stake in the company through an offer for sale and the floor price for the offer shall be Rs 1,367.
Varroc Engineering: VarrocCorp Holding BV, Netherlands (VCHBV), a wholly-owned subsidiary of the company, has acquired a balance of 30 per cent stake of VARROC- ELBA ELECTRONICS SRL (Varroc Elba) held by the other JV Partner, ELBA SA, Romania for an aggregate consideration of €1.05M.
TRIL: Transformers & Rectifiers (TRIL) have received relief from Power Grid Corporation of India Limited (PGCIL) under Atmanubhar Bharat Package-3.
Eveready Industries: The company has denied reports of Dabur promoters to buy a controlling stake in Eveready.
Glenmark Pharmaceuticals: Glenmark Pharmaceuticals has redeemed $18,25,00,000 in the aggregate principal amount of its 2021 notes, representing approximately 91.25 per cent of the aggregate principal amount of the 2021 notes at the time of initial listing. As of the date of this announcement, US $17,500,000 in aggregate principal amount of the 2021 notes remains outstanding.