Stocks Under Focus on Dec 20: Dabur, HDFC, NBCC, Sterling & Wilson & More
By Malvika Gurung
Investing.com — HDFC (NS:): The country’s largest mortgage lender has raised its retail prime lending rate by 35 bps to 8.65%, coming into effect from Tuesday.
Dabur India (NS:): Promoters Burman family could sell a stake worth Rs 800 crore on Tuesday through a block deal, stated reports, likely at Rs 589/share, a 4% discount from the current market price.
IRCTC (NS:): Insurance behemoth Life Insurance Corporation (NS:) of India has hiked its shareholding in the state-owned major from 5.005% to 7.278%, buying 1,81,80,323 shares at an average cost of Rs 692.28 apiece.
Sterling and Wilson Renewable Energy (NS:): Two promoters, Shapoorji Pallonji and Company and Khurshed Yazdi Daruvala will offload a 5.27% stake or about 1 crore shares of the company through an OFS route on Tuesday and Wednesday.
Just Dial (NS:): Promoter Reliance (NS:) Retail is considering offloading a 2% stake in the internet tech company via open market transactions to meet the minimum public shareholding norms.
NBCC India (NS:): The state-owned major has secured a contract worth Rs 69.3 crore from the Odisha Power Transmission Corporation to construct a new multi-storied quarter complex
SEPC (NS:): The small-cap company’s board will meet on Dec 27 to consider a fundraising proposal by equity share issue to its existing shareholders on a rights basis.
