Stocks to watch out for on September 6
These stocks will be in limelight on 6 September 2021.
Bharat Forge - The company’s investment committee has approved the transfer of the company's stake in Tork Motors Pvt Ltd to Kalyani Powertrain Ltd, which is a wholly-owned subsidiary in order to house all the electric vehicle investments of the company under one entity.
Barbeque Nation - The board of directors has approved the allotment of 11.78 lakh equity shares of face value Rs 5 each at a premium of Rs 844 per share by preferential allotment to Massachusetts Institute of Technology (MIT), 238 Plan Associates LLC and Motilal Oswal Equity Opportunities Fund Series - II respectively.
Hero MotoCorp - The company now has an expanded network of 14 full-fledged dealerships and seven authorised service centres across the country, exclusively for Harley Davidson customers.
SMS Pharmaceuticals - CARE has upgraded the rating for long-term bank facilities to 'CARE A; stable' from 'CARE A-; stable' and also, upgraded short-term bank facilities to ‘CARE A2+’ from ‘CARE A2.’
Wockhardt - CARE has assigned CARE BBB-; stable for the NCDs aggregating up to Rs 50 crore proposed to be issued by the company and also, reaffirmed the ratings for long-term bank facilities of Rs 700 crore as 'CARE BBB-; stable'.
Tourism Finance Corporation - CARE has revised its rating for long-term facilities to ‘CARE A; negative’ from ‘CARE A+; negative.’
Dr Reddy's Laboratories - The company has entered into a definitive agreement with Citius Pharmaceuticals, Inc. to sell its rights to anti-cancer agent E7777 i.e. Denileukin Diftitox.
Pl Industries – The company has incorporated a wholly-owned subsidiary in the name and style of 'Pl Health Sciences Limited'.