Buzzing Stocks: Bank of Maharashtra, Tata Power Company, and SpiceJet in Focus

Stocks in Focus

Let’s catch up on the latest news from the stock market. From significant investments to major deals, fund raising, and appointments, here’s a quick look at which stocks will be in focus in today's trade:

• Bank of Maharashtra

  The public sector lender launched its Qualified Institutions Placement (QIP) issue on September 30. The floor price has been fixed at Rs 60.37 per share. The issue size is expected to be Rs 3,500 crore, reports CNBC-TV18, quoting sources.

• NTPC

  Subsidiary NTPC Green Energy has signed a Memorandum of Understanding (MoU) with the Rajasthan Government for the development of 25 GW of renewable energy projects in Rajasthan.

• Tata Power Company

  The company has signed a Memorandum of Understanding (MoU) with the Rajasthan Government for an investment plan of Rs 1.2 lakh crore in renewable energy projects, and manufacturing, transmission, distribution, nuclear power, rooftop installations, and EV charging.

• Tata Consumer Products

  Vikram Grover has resigned as MD and CEO of Nourishco Beverages, effective September 30. Nourishco Beverages merged with Tata Consumer.

• Indian Railway Catering and Tourism Corporation

  The Board has appointed Gaisingam Kabui, GGM (Finance), as Chief Financial Officer (CFO) of the company, effective October 1.

• Andhra Cements

  The Board has approved the Draft Letter of Offer for the rights issue amounting to Rs 180 crore. The company has filed the Draft Letter of Offer for approval.

• Zuari Industries

  Shareholders have approved the re-appointment of Athar Shahab as Managing Director for 3 years, effective November 14.

• India Glycols

  The company has added further capacity to its existing grain-based distillery and bio-fuel ethanol plant, advancing its production capabilities.

• Unichem Labs

  Signed an asset purchase agreement with Bayshore Pharmaceuticals for $2.65 million, expanding its product offerings in the US market.

• Piramal Pharma

  Subsidiary Piramal Pharma Solutions has announced an $80 million investment plan to expand its facility.

• Alphageo India

  The company received a contract worth Rs 131.63 crore from Oil India for seismic data acquisition.

• Premier Explosives

  Srihari Pakalapati has resigned from the position of CFO effective September 30.

• Blue Dart Express

  The logistics company announced a general price increase effective January 1, 2025.

Bulk Deals

• Cyient DLM

  HDFC Mutual Fund bought a 0.5% stake in the company while Morgan Stanley sold a similar stake.

• Hindustan Oil Exploration Company

  BofA Securities bought a 0.54% stake while Ramasamy sold a 0.6% stake.

• SpiceJet

  Plutus Wealth Management bought a 0.66% stake in the airline company.

Results Today

• Shree Tirupati Balajee Agro Trading Company
• Stock Trades Ex-Date for Split
• Integrated Industries