Stocks that are likely to record significant movement on bourses today
Amber Enterprises: The ban on imports with refrigerant filled ACs has opened up new opportunities for the domestic manufacturers as well as for Amber. The company has already signed 6 new customers since the announcement. Amber Enterprises has bought land in the Supa region near Pune and the construction activity would start soon.
CDSL: During the last three months, the number of new active beneficial owners' accounts with CDSL have increased by 28 lakh, taking the total number of active beneficial to 2.89 crore.
SBI Card: India's largest pure-play credit card issuer, SBI Card announced that Rama Mohan Rao Amara has taken charge as the company's new Managing Director & Chief Executive Officer, with effect from January 30, 2021.
L&T Finance Holdings: The company’s rights issue worth Rs 2,998.61 crore to open on February 1, 2021.
Anup Engineering: The order book is strong, and the enquiry inflows continue to be healthy. On Capex front, at Odhav, the clean room project has already entered the execution phase with the start of construction activities and most of the regulatory approvals for the Kheda project are in place now, clearing the deck for the start of the tendering process for Phase I execution at the site, at the earliest.
Hester Biosciences: Hester is set to launch a new range of Herbal Health products in this quarter. Vaccine production expansion plans have been finalised for India. The company hopes to embark on the expansion activities in this quarter, the details would be shared in the next few weeks. Hester is also evaluating expansion opportunities in the manufacturing & distribution of animal health products and biologicals, worldwide.
DLF: Demand in the residential business is improving, aided by a low-interest cost regime, various government incentive initiatives and quality supply with affordability.
UPL: UPL also announced that its debt management measures had yielded good results. During the quarter, the company continued with its strategy to deleverage the company’s balance sheet and redeemed its bonds that were due in October 2021. Post the redemption, the gross debt stands at Rs 27,837 crore compared to Rs 31,817 crore in the last quarter. The company remains committed to reducing net debt in Q4 and maintaining an investment-grade credit rating.
Lumax Industries: The company has informed that the enquiry operations were conducted by ORI at its two locations at Gurugram, Haryana. The enquiries were made by the department in the normal course. Lumax Industries has extended full co-operation to the authorities and provided all requisite information sought by them.
MOIL: The prices of all grades of Ferro, SMGR grades (Mn30 per cent & Mn25 per cent), fines & chemical grades have been increased by about 5 per cent with effect from February 1, 2021, on the prices prevailing since January 1, 2021.