Stocks to Watch: Check out the companies making headlines before the opening bell.
SP Apparels: Ace investor Ashish Ramesh Kacholia has offloaded 1.64 lakh shares or 0.65 per cent of the shareholding in the company through open market transactions. These shares were sold at an average price of Rs 307.1 per share.
Hariom Pipe Industries: The company has decided to acquire the operating assets of RP Metal Sections. It has entered into an asset transfer agreement with RP Metal Sections, the galvanized pipe and cold roll coil manufacturer, to purchase its operating asset. This unit is spread across 13.83 acres of land in Perundurai, Tamilnadu. The transaction cost is Rs 55 crore.
MOIL: The company has received intimation from the Government of India through the steel ministry appointing Ajit Kumar Saxena as chairman-cum-managing director. The appointment is till the date of his superannuation (December 31, 2025) or until further orders, whichever is earlier.
India Pesticides: Subsidiary Shalvis Specialities (SSL) has received environmental clearance for setting up a manufacturing plant of agrochemicals and intermediates, API ingredients and intermediates and fine chemicals manufacturing unit in Sumerpur, Uttar Pradesh.
Rail Vikas Nigam: The company has received a letter of award for appointment as a project implementation agency for the implementation of the UTF harbour project in the Maldives. This is a strategic project of the government and the cost is pegged at Rs 1,544.60 crore.
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Stocks To watch: One 97 Communication, Infosys, Paras Defence, UltraTech Cement, Havells India, Adani Ports, Adani Enterprises