Big Movers on D-St: What should investors do with Aditya Birla Capital, Bank of India and IDBI Bank?
Stocks that were in focus include names like Aditya Birla Capital which was up over 5%, Bank of India which gained nearly 3%, and IDBI Bank which hit a fresh 52-week high to close with gains of over 2% on Tuesday.
Piramal-Cosmea’s ₹5,231-crore bid highest for RCap, units
The Piramal-Cosmea proposal involves Piramal offering to acquire only Reliance General Insurance Co, a wholly-owned subsidiary of Reliance Capital, for ₹3,750 crore and Cosmea making a ₹1,481-crore bid for Reliance Capital and its other units.
Export-focused Uniparts may suit investors with high risk appetite
With the increasing share of the warehousing model, the company’s inventory days are elevated. In the previous three fiscal years, it had inventory days of 131-145. A high client concentration may affect financials if the business momentum from large clients moderates.
Prannoy and Radhika roy resign from NDTV Board
The filing said that Sudipta Bhattacharya, Sanjay Pugalia and Senthil Sinniah Chengalvarayan have been appointed as directors on the board of RRPRH, and Prannoy Roy and Radhika Roy have resigned.