Buzzing stocks: Rate-sensitive counters, Belrise Industries, LIC, Tata Motors, Rajesh Power, RMC Switchgears, Nykaa, HFCL on Wednesday
RBI monetary policy decision in focus
On Wednesday, investors will be closely watching stocks from rate-sensitive sectors such as banking, real estate, NBFCs, and automotive. The Reserve Bank of India is set to announce its monetary policy decision, which will include the repo rate, inflation, GDP growth forecasts, and the governor's commentary on global risks and liquidity.
Belrise Industries Ltd recently acquired the tipper body business of Hyva India for around $5.65 million, strengthening its position as a tier-0.5 supplier within the commercial vehicle ecosystem. The acquisition also adds a key European commercial vehicle OEM to Belrise's customer portfolio.
The Government of India is offering the Life Insurance Corporation of India (LIC) for sale, with an open bid for retail investors. Tata Motors Ltd opened an advanced vehicle scrapping facility in Patna, which has a capacity to scrap 15,000 end-of-life vehicles annually. Rajesh Power Services secured new orders worth ₹362.83 crore from the state government undertaking, Paschim Gujarat Vij Company Ltd, for converting existing 11kV and 1kV high tension and low tension line networks into an underground cable network with ring main system, GIS mapping, and asset tagging.
RMC Switchgears received 12 Letters of Award from Paschim Gujarat Vij Company for turnkey contracts valued at approximately ₹333.80 crore. The orders are expected to be completed within 12-18 months after a 45-day contractual commencement period. FSN E-Commerce Ventures, also known as Nykaa, acquired a majority stake of 51% in Aminu Wellness, a premium dermocosmetic skincare brand.
This strategic move strengthens Nykaa's House of Nykaa portfolio and expands its presence in the premium skincare segment. The HFCL board approved a fresh investment of around ₹400 crore to expand its optical fiber and optical fiber cable manufacturing capacities, funded through a mix of internal accruals and debt.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
