Latest news with #AavasFinanciers
Business Upturn
01-07-2025
- Business
- Business Upturn
Top stocks in focus on July 1: IREDA, NHPC, NTPC Green, HUDCO, Bharat Electronics, Hindustan Copper and more
Here's a quick look at the stocks likely to be in focus during today's trade based on recent updates, business developments, order wins, appointments, and corporate actions. Stocks to watch Aavas Financiers: Aquilo House Pte. Limited has been designated as the new promoter of the company. IREDA: The Indian Renewable Energy Development Agency reported a 29% year-on-year increase in loan sanctions for Q1, amounting to ₹11,740 crore, compared to ₹9,136 crore a year ago. United Breweries: The company introduced a new product, 'Amstel Grande' beer, in Karnataka, targeting the premium strong category. Balaji Amines: Commenced commercial production of Isopropylamine at its Osmanabad manufacturing unit. NHPC: Commissioned Phase IV (53.57 MW) of the Karnisar Solar Project, bringing total operational capacity to 214.28 MW out of a planned 300 MW. HUDCO: Reported loan sanctions worth ₹33,904 crore and disbursements of ₹12,812 crore in the first quarter. Thangamayil Jewellery: Opened new branches in Chennai as part of its retail expansion. Timken India: Started commercial production at its new manufacturing facility in Bharuch, Gujarat. Bharat Electronics: Secured additional orders worth ₹528 crore since the previous disclosure on June 20. NCC: Received new orders worth ₹1,690.51 crore in June 2025, focused on the building division. Apollo Hospitals: The board approved a scheme of arrangement involving Apollo Healthco, Keimed, and Apollo Healthtech. Sona Comstar: Exploring the manufacturing of rare earth magnets in India, according to media reports. Kalpataru Projects: Announced fresh orders valued at ₹989 crore across various segments. HCL Technologies: Partnered with OpenAI to advance enterprise-scale artificial intelligence adoption. NTPC Green Energy: Commissioned 32.8 MW of solar power capacity at the Khavda project site in Gujarat. Astec LifeSciences: Launched a ₹249.35 crore rights issue priced at ₹890 per share. ITI Ltd: Signed an agreement with BSNL for the ₹1,901 crore BharatNet Phase-3 project (NER-II package). Godrej Industries: Increased its stake in Godrej Capital to 90.89% through a ₹285 crore investment. Oil India and ONGC: Administered pricing mechanism (APM) gas prices revised upward to $6.75/mmbtu from $6.41/mmbtu. SJVN: Began commercial operations of a 100.25 MW solar capacity, part of the 1,000 MW Bikaner project. Hindustan Copper: Signed an MoU with Coal India for joint exploration of copper and critical minerals. Gabriel India: Set to consolidate Anand Group's auto components businesses through a share swap arrangement. Jet Fuel Price Update: Aviation turbine fuel (ATF) price in Delhi increased by ₹6,271/kl to ₹89,344.05/kl. CG Power: Plans to raise ₹3,000 crore via a qualified institutional placement (QIP) following its highest-ever order win. Bharat Forge: Board approved transfer of the defence business to Kalyani Strategic Systems through OCRPS worth ₹500 crore. ESAF Small Finance Bank: Transferred ₹733.4 crore of non-performing and written-off loans to an asset reconstruction company for ₹73.34 crore. Bank of India: Reduced its lending rates by 5 basis points across all tenors, effective July 1. Uno Minda: Finalised the acquisition of 1.69 crore shares (49.90% stake) in UnoMinda EV Systems from FRIWO GmbH for ₹141.27 crore. Torrent Pharmaceuticals: Anticipates completion of the ₹19,500 crore JB Pharma acquisition within 15–18 months. Ashok Leyland: CEO of Switch Mobility, S Mahesh Babu, to step down effective August 31. JK Cement: Declared a final dividend of ₹15 per share for FY25. Can Fin Homes: Appointed Abhishek Mishra as Chief Financial Officer for a three-year term starting June 30. Patel Engineering: Board to consider a debt issuance proposal at its meeting scheduled for July 3. Wipro: Appointed Tulsi Naidu as chairperson of its nomination and remuneration committee. Larsen & Toubro (L&T): Subsidiary L&T Energy Green Tech incorporated a new wholly owned arm, Panipat Green Hydrogen. Hindustan Zinc: Disclosed contribution of ₹90,000 crore to the exchequer over the past five years, including ₹18,963 crore in FY25. Grindwell Norton: Recommended a final dividend of ₹17 per equity share. One Mobikwik Systems: Citigroup Global Markets Mauritius sold 4.43 lakh shares at ₹246.23 per share. ASM Framework Updates: To be included in ST-ASM : Balaji Amines, Jai Balaji. To be excluded from ST-ASM : Avantel, Dam Networks, Premier Explosives. To be included in LT-ASM: Orient Bell. Price Band Revision: Diamond Power: Revised from 10% to 5%. Dividend Ex-Dates Today: Cera Sanitaryware: ₹65 per share. JSW Infrastructure: ₹0.8 per share. Polychem: ₹20 per share. Dividend Ex-Dates Tomorrow: Bharat Seats: ₹1.1 per share. Sika Interplant: ₹2.4 per share. Other Corporate Developments: Sigachi Industries : A fire incident at the Hyderabad facility resulted in one fatality; plant operations suspended for 90 days. Gensol Engineering: Keya Vimal Salot sold 3 lakh shares at ₹42.32 per share. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash
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Business Standard
19-06-2025
- Business
- Business Standard
Aavas Financiers climbs 2% as board approves raising ₹200 crore via NCDs
Aavas Financiers share price rose 2.3 per cent in trade on Thursday, June 19, 2025, logging an intraday high at ₹1867.8 per share on BSE. At 9:39 AM, Aavas Financiers shares were trading 1.06 per cent higher at ₹1,843.75 per share on the BSE. In comparison, the BSE Sensex was up 0.03 per cent at 81,469.02. The company's market capitalisation stood at ₹14,594.55 crore. Its 52-week high was at ₹2,238.35 per share and 52-week low was at ₹ 1,604.2 per share. What led to a rally in Aavas Financiers shares? The northward movement in Aavas Financiers shares came after the company informed investors, after market hours on Wednesday, that its board has approved the issuance of up to 20,000 Non-Convertible Debentures (NCDs) having face value of ₹1,00,000 each, of the aggregate nominal value of up to ₹200 crore. The tenure of the instrument is 60 months from the deemed date of allotment. The payment of interest is scheduled every quarter from the date of allotment. Meanwhile, the principal amount of the debentures will be repaid by the company to the holders in 20 equal quarterly installments of ₹5,000 per debenture starting from the allotment date. Track LIVE Stock Market Updates What are NCDs? Non-convertible debentures are a type of debt instrument issued by companies to raise funds from the public or institutional investors. They are fixed-income securities that offer a fixed interest rate and are typically issued for a specific tenure. Why do companies issue NCDs? The company issues NCDs to raise capital and to lower the cost of borrowing as for some companies, issuing NCDs may be a cheaper alternative to borrowing from banks. About Aavas Financiers The company was incorporated as a private limited company in Jaipur, Rajasthan, under the Companies Act, 1956 on February 23, 2011. The company formally started its operations in March 2012. The company is engaged in the business of providing housing loans, primarily, in the un-served and un-reached markets which include Rajasthan, Maharashtra, Gujarat, Madhya Pradesh, Haryana, Uttar Pradesh, Chhattisgarh, Uttarakhand, Punjab, Himachal Pradesh, Delhi, Odisha, Karnataka and Tamil Nadu. Currently, it is operating in 14 states with a total of 397 branches.
Business Upturn
22-04-2025
- Business
- Business Upturn
Stocks hitting 52-week highs today, April 22: HDFC Bank, Laurus Labs, Bharti Hexacom, Eicher Motors and more
By Aman Shukla Published on April 22, 2025, 15:49 IST The Indian stock market continued its upward trajectory for the sixth consecutive trading session on April 22, 2025. Both benchmark indices ended in green, with the BSE Sensex rising by 187.09 points (0.24%) to 79,595.59, while the NSE Nifty 50 gained 41.70 points (0.17%), closing at 24,167.25. Several stocks touched their 52-week highs during the session, indicating strong investor interest. Here are the notable stocks that touched their 52-week highs today: HDFC Bank : Achieved a 52-week high of ₹1,970.60. Aavas Financiers : Reached a 52-week high of ₹2,198.35. Laurus Labs : Hit a 52-week high of ₹657.45. JK Cement : Attained a 52-week high of ₹5,142.15. UPL : Surged to a 52-week high of ₹674.25. Bajaj Finance : Reached a 52-week high of ₹9,393.00. Kotak Mahindra Bank : Achieved a 52-week high of ₹2,261.50. Bharti Hexacom : Touched a 52-week high of ₹1,672.00. Interglobe Aviation (IndiGo) : Reached a 52-week high of ₹5,516.95. Krishna Institute of Medical Sciences : Achieved a 52-week high of ₹688.20. Eicher Motors : Reached a 52-week high of ₹5,906.50. Chambal Fertilisers & Chemicals : Attained a 52-week high of ₹699.70. SRF Ltd. : Hit a 52-week high of ₹3,085.00. BSE Ltd.: Reached a 52-week high of ₹6,313.00. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Bharti HexacomEicher MotorsHDFC BankLaurus LabsStock Market Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
