Hot stocks to watch out for on March 10

Mar 10, 2021

By: Navdeep Yadav

Credit: BCCL

​AU Small Finance Bank launches shares for QIP to raise ₹600-700 crore

The floor price is set at ₹1,181 per share — a 4.4 percent discount on Tuesday's closing price

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Godrej Properties launches QIP to raise up to ₹3,750 crore

The floor price is set at ₹1,513 per share — a 3.4 percent premium to Tuesday's closing price

Credit: BCCL

​RIL’s Jio launches lower tariffs for small businesses — eyes 50 million customers

The company claimed that it would offer broadband connections to the MSMB customers at one-tenth of the market rate.

Credit: BCCL

​Power Grid Corporation acquires Ramgarh New Transmission

The entity was acquired for an aggregate value of about ₹5.61 crore

Credit: BCCL

​Bharat Forge invest another ₹4 crore in its associate company - Aeron Systems

This will further increase its stake from its stake from 26 percent to 36 percent in the company

Credit: BCCL

​Magma Fincorp shareholders approve 60 percent acquisition by Rising Sun Holdings

The company said its shareholders have approved raising up to ₹3,456 crore by issuing shares to Rising Sun

Credit: BCCL

​Max Healthcare Institute closed its QIP issue and finalised issue price at ₹195.40 per share

The company was looking to raise around around ₹1,200 crore

Credit: BCCL

​Indian Bank looks to raise up to ₹4,000 crore via QIP

The government, as the promoter of the bank, holds an 88.06 percent stake

Credit: BCCL

​JSW Energy’s finance committee approved allotment of 1,750 secured NCDs of ₹10 lakh each

The issue will fetch the company around ₹175 crore for a tenure of 3 years and at the coupon rate of 3.25% per annum.

Credit: BCCL

Top stocks to watch out for on March 9