Stocks to watch: Bikaji Food, Global Health, HDFC, Vedanta, SBI, ONGC

Bikaji FoodsShares of Bikaji Foods International IPO is expected to be listed on today, 16th November 2022. 881 crore IPO received bids for 55,04,00,900 shares against 2,06,36,790 shares on offer, as per the data available with NSE.

global health: The shares of the company are expected to be listed on the major stock exchanges BSE and NSE on Wednesday, November 16, 2022. The initial public offering (IPO) of Global Health, which operates a chain of hospitals under the Medanta brand, was subscribed 9.58 times. According to NSE data, the last day of the offer to close is Monday, November 7, 2022. The public issue received bids for 44.79 crore shares against 4.67 crore shares on offer.

HDFC: NBFC giant HDFC is in the process of raising approx 5,500 crore by issuing secured redeemable non-convertible debentures through private placement. The NCDs are rated ‘AAA’ by leading agencies like CRISIL and ICRA. The issue is a part of HDFC’s shelf placement memorandum ‘AA’ series 75,000 crores. As per the regulatory filing, the base issue size is around 4,000 crore, while may be sustained for oversubscription of up to 1,500 crore — taking the total size to be approx 5,500 crores.

VedantaVedanta Group on Tuesday said it is focusing on expanding the capacity of Electrosteel Steels Ltd from 1.5 million tonnes to 3 million tonnes amid rumors of the company’s exit from the steel business. The Anil Agarwal-led Vedanta Group had acquired Electrosteel Steels four years ago. Vedanta Group CEO Sunil Duggal told reporters, “As on date, it (exiting Electrosteel) is not an issue for us. The only priority is to increase the (production) capacity to 3 million tonnes.”

state Bank of IndiaState Bank of India (SBI) on Tuesday said the government has nominated Vivek Joshi to its board after the previous director stepped down. The Department of Financial Services, Ministry of Finance, in a letter dated November 15, 2022, has nominated Vivek Joshi (Secretary, Ministry of Finance) as Director on the Central Board of Directors of State Bank of India, the bank said in a regulatory filing.

ONGCONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corporation (ONGC), has submitted an application to Russian authorities to divest 20% stake in Sakhalin-1 oil and gas fields in Russia’s Far East region. country, the company said. Russian President Vladimir Putin last month dissolved Exxon Neftegaz, a regional subsidiary of US super major ExxonMobil, as the operator of Sakhalin-1 and transferred the project and all its assets and equipment to a new operator.

Interglobe Aviation: Low cost carrier and the country’s largest airline by number of aircraft – IndiGo has started operating its first A321 freighter flights between Delhi and Mumbai. Cargo flight services started from 15 November. The airline said that the aircraft converted from passenger jet to full-freighter configuration will be used for general cargo on the inaugural Delhi-Mumbai flight, while general and e-commerce cargo will be carried on board the aircraft. return leg.

M&M’sMahindra & Mahindra Farm Equipment Services (FES), which is part of the Mahindra Group, on Tuesday announced the opening of its first dedicated farm machinery manufacturing facility at Pithampur near Indore in Madhya Pradesh. The new plant is part of the group’s plan to grow its farm machinery business (beyond tractors) by 10 times in 5 years through the launch of ‘Made-in-India’ farm machinery products, the company said in a statement.

IIFL Wealth ManagementIIFL Wealth & Asset Management, a wealth and asset management firm in India, has rebranded itself as 360 ONE. The new brand and identity was unveiled by Karan Bhagat, Founder, MD & CEO. According to the press release, the new brand – 360 One – will help the company retain all the elements that make it unique while also injecting the vibrancy and freshness of modern India. Hopefully it will capture the ethos of the company, but also resonate with a more diverse set of customers and prospects, including the next generation.

Ashiana Housing: Realty firm Ashiana Housing Ltd reports consolidated net loss 1.81 crore for the quarter ending September of this financial year. its net loss was 5.74 crore in the year-ago period. However, the total income increased 91.72 crore in Q2 FY 2022-23 from Rs. 60.69 crore in the same period last year.