Metro Brands, Indian Oil, India Cements and other hot stocks on December 22

Dec 22, 2021

By: Rounak Jain

Credit: Metro Brands

Metro Brands

The Rakesh Jhunjhunwala-backed shoe retailer will debut on the stock markets today, after receiving a mere 3.64 times subscription.

Credit: Metro Brands

Contd...

Metro Brands’ grey market premium has seen a decline too, and analysts expect it to list at a discount.

Credit: Metro Brands

Indian Oil

A massive fire broke out at IOC’s Haldia refinery in West Bengal, killing three and injuring over 30 people.

Credit: BCCL

Contd...

The state-owned company acquired a 5 percent stake in Indian Gas Exchange, joining ONGC, GAIL, Torrent Gas and Adani Total Gas, which have picked up a 5 percent stake each, too.

Credit: BCCL

India Cements

DMart promoters, the Radhakishan Damani family, have increased their stake in India Cements to 22.76 percent from 21.14 percent.

Credit: India Cements

Yes Bank

Its board has approved a fundraising of up to ₹10,000 crore via equity shares, debentures or other approved instruments.

Credit: BCCL

HCL Tech

Signed a five-year agreement with CEMEX, a Mexican building materials company, for its end-to-end IT transformation.

Credit: HCL Tech

Burger King India

Has sought shareholder approval to raise ₹1,500 crore via qualified institutional placement.

Credit: Unsplash

IPO Watch

CMS Info Systems’ IPO subscribed 0.4 times on Day 1.

Credit: Flickr

MapmyIndia, Adani Enterprises, Axis Bank and other hot stocks on December 21 as Nifty looks set for a rebound