Top stocks to watch on February 11

Feb 11, 2021

By: Navdeep Yadav

​Rising Star Holdings to buy a controlling stake in Magma Fincorp

Adar Poonawalla-led company will invest ₹3,456 crore in Magma Fincorp to get a majority stake.

Credit: Magma Fincorp

​Titan’s profit fell 11 percent, despite a revenue increase of 18 percent

The dip in its profit was led by the one-time provision of ₹137 crore in its subsidiary Favre Leuba AG (FLAG).

​BPCL to buy out Oman Oil stake in Bina refinery

It will be done for an aggregate consideration of ₹2,400 crore. Post completion, it will hold a 100 percent stake.

​Eicher Motors’ CEO Vinod Dasari indicated another price hike owing to higher commodity costs

Royal Enfield has already taken a price hike of 3-5 percent in the last six months to offset the cost partially.

​SpiceJet narrow down its loss to ₹57 crore compared to ₹73.2 crore, last year

The company is also engaged with Boeing to recover damages incurred due to the MAX planes' grounding.

​Govt to sell 20 percent stake in National Fertilizers Ltd through an offer for sale

The government has invited bids from merchant bankers for managing the share sale.

​PNB inks deal with Indian Oil to provide up to ₹2 crore loan to dealers

The bank will not ask for any collateral from those having dealerships with Indian Oil of 5 years or more.

​Mindspace Business Parks REIT posts profit of ₹140 crore in Oct-Dec quarter

The company also announced an interim dividend of ₹4.78 per share amounting up to ₹283.50 crore.

​Invest wisely

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