Stocks that are in the news today

By Jan B. Myers Last updated Sep 20, 2022

Photo: iStock

HIGHLIGHTS

Shree Renuka has increased its ethanol production capacity
MOFSL launches campus coverage with Buy
INOX Wind CEO Says Unit Will File IPO in October

Let’s talk about a few actions that are in the spotlight today.

1 – VANGUARD BUYS A STAKE

Vanguard acquires stake in:

– Deepak Fertilizers – 6.8 lakh shares at ₹890

– Elgi Equipments – 55.3 lakh shares at ₹489

– GHCL – 11.4 lakh shares at ₹671

2 – SHOULD THE ANTI-DUMPING OBLIGATION CONTINUE?

Anti-dumping is recommended for an additional 3 years on appeal from Apollo Tyres, JK Tire and MRF.

3 – DEFENSE STOCKS FROM THE POINT OF VIEW

The army invites the national defense industry to offer essential equipment for emergency purchases. The procurement window will be open to Indian industry for 6 months.

4 – SHREE RENUKA SUGAR

The increased ethanol production capacity from 720 KLPD to 1250 KLPD is expected to be commissioned by December 2022.

5 – CAMPUS CLOTHING

MOFSL initiated a hedge with a buy. They say the company has created the right internal capability to tap into the large-scale opportunity of the mass athletic shoe market.

6 – INOX WIND

Inox Wind rises after the CEO says the unit will file for an IPO in October.

7 – HERCULES HOIST

The board of directors meets on September 23 to consider a split.

8 – WELSPUN CORP

In a regulatory filing on Saturday, the metallurgical company said it had won an order for a carbon capture pipeline project in the United States.

9 – HDFC LIFE

HDFC Life obtains NCLT approval to merge Exide Life Insurance into the company.

10 – SCHAEFFLER INDIA

Kotak Securities downgraded the stock to Sell from Add, saying strong medium-term growth opportunities are already priced in.