Stocks that are likely to record significant movement on bourses today

MIDHANI: MIDHANI and HAL signed a memorandum of understanding (MoU) at the ongoing Aero India 2021 for the development & production of composite raw materials. This is the first time that such an MoU has been signed for composite raw materials. 

BEL: At Aero India 2021, Bengaluru, Navratna Defence PSU Bharat Electronics Limited (BEL) and BPL Medical Technologies Pvt Ltd entered into an MoU for co-operation in the field of medical products & solutions to provide affordable healthcare for the country and also, to leverage the policy initiatives of the Indian Government, such as ‘Make in India’.  

Prataap Snacks: Amit Kumat, MD & CEO of the company said, “The price of palm oil has consistently risen in recent quarters and remains unusually elevated, thereby adversely impacting the margin. We have partially mitigated the impact through on-going process re-engineering and cost optimisation initiatives.”  

IRFC: Indian Railway Finance Corporation Ltd issues bonds worth USD 75,00,00,000 at a fixed rate of 2.80 per cent.   

Chambal Fertilisers & Chemicals: The Government of India has made additional allocation for fertiliser subsidy to clear the backlog. The company has received Rs 3,165 crore after December 31, 2020 against subsidy arrears. It is expected that the Government of India will clear almost the entire outstanding subsidy by March 31, 2021, bringing the outstanding subsidy to negligible levels.  

Emmbi Industries: Industrial products finder (IPF) felicitated Emmbi Industries with the prestigious IPF ‘Industrial Excellence Award’, 2021 in the category of fastest-growing companies under the plastic, paper & packaging segment at the virtual award ceremony held in Mumbai recently.  

Whirlpool of India: The Chairman of the company, Jeff M Fettig commented, “We are witnessing strong top-line growth along with market share gains. The underlying profitability is also very healthy. The reported profits have been impacted by a number of one-time items. Overall economic trends are looking positive, and we continue to remain very optimistic about our business."

TRENT: N N Tata, Chairman of the company said, “We are cautiously optimistic on the outlook and are broadly on track with respect to our store expansion program in FY21 with a significant number of store locations currently under fit-out. Near term uncertainties notwithstanding, we are continuing to focus on building out differentiated brands and strong expansion of our reach through stores and digital platforms.”  

Tata Power: Coastal Gujarat Power Ltd (CGPL) repaid the entire bank loan aggregating to Rs 4,150 crore. Post this repayment, CGPL’s long-term debt comprises only Rs 3,790 crore of bonds and debentures. Tata Power Solar order book size is 2,689 MW, worth Rs 10,608 crore including GST. The company has completed the sale of its Defence business on October 31, 2020 to Tata Advanced Systems Ltd, a subsidiary of Tata Sons Private Limited. 

Biocon: Biocon Biologics to offer its Oncology Biosimilars through Cancer Access Partnership in over 30 countries will enable access to Trastuzumab & Pegfilgrastim in Africa & Asia.  

PSP Projects: PSP Projects received additional work order worth Rs 236 crore (including GST) for an institutional project in Gujarat.