Hero MotoCorp, Anupam Rasayan, Rail Vikas Nigam and other stocks to watch out for March 24

Mar 24, 2021

By: Rounak Jain

Credit: BCCL

Hero MotoCorp

The two-wheeler maker has announced that it will increase the prices of its scooters and motorcycles by ₹2,500 from April 2021 to offset the rising input costs.

Credit: Hero MotoCorp

Anupam Rasayan

The maker of specialty chemicals will be listed on the stock exchanges today.

Credit: Anupam Rasayan

Rail Vikas Nigam

The government will sell 20.85 crore shares of the company, or about 10 percent of the equity shares via the offer for sale route on March 24 and 25.

Credit: BCCL

Rossari Biotech

The company will raise ₹300 crore through preferential issue of 30 lakh shares at a price of ₹996 per share.

Credit: Rossari Biotech

Bank of Maharashtra

The government-owned bank has raised ₹100 crore by issuing BASEL-III Tier-II bonds.

Credit: Bank of Maharashtra

Tata Communications

The Tata Group’s holding in the company has increased to 58.87 percent after the government offloaded its stake to Panatone Finvest, a Tata Sons company.

Credit: Tata Communications

IFCI

The company’s board has approved raising ₹200 crore via preferential issue of equity shares to the Government of India.

Credit: IFCI

Vascon Engineers

The company emerged as the lowest bidder for two projects of the Uttar Pradesh Public Works department.

Credit: Vascon Engineers

Deepak Nitrite

ICRA has upgraded its long-term outlook to Positive from Stable, and the long-term bank facilities rating has been upgraded from AA- to AA.

Credit: Deepak Nitrite

Laurus Labs

CARE has upgraded the long-term outlook on the company to Positive from Stable.

Credit: Laurus Labs

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