Buzzing stocks: Hind Copper, TCS, Ecofinity, IDFC First Bank, Axis Bank, Fujiyama, Coromandel, Ceigall, Afcons
From a government stake sale and global partnerships to fresh orders, capacity expansion, bond issuances and an arbitration award, these are the key stocks to watch
The Indian government announced plans to sell up to 6% of Hindustan Copper Limited (HCL) through an Offer for Sale (OFS). This could generate around Rs 3,000 crore. Arunish Chawla, Secretary in the Department of Investment and Public Asset Management, shared the details on social media. The floor price is set at Rs 514, with 10% reserved for retail investors and an additional 25,000 shares for eligible employees.
Ecofinity Atomix Ltd, previously Aryavan Enterprise Ltd, approved issuing up to 23,90,000 Equity Warrants worth ₹2,39,00,000. These will be allotted preferentially to 17 investors, both promoters and non-promoters.
Tata Consultancy Services (TCS) partnered with Porsche AG to deliver AI services across Porsche's mobility value chain. TCS will establish an AI Mobility Centre of Excellence for Porsche in Germany, acquiring MHP Management-und IT-Beratung GmbH, Porsche's Germany-based consulting subsidiary. Both the partnership and acquisition need regulatory approvals.
IDFC First Bank priced its $350 million 5-year Senior Notes successfully, following a $500 million 3-year issuance last year. Both bonds received strong demand from global institutional investors, indicating confidence in the bank's financial strength.
Axis Bank will redeem its 4.10% Additional Tier 1 Notes, aggregating to $600 million, by exercising the Call Option. The notes, initially issued in 2021, will be redeemed at 100% par value, including accrued interest, on September 8, 2026.
Krystal Integrated Services Ltd secured a commercial work order worth approximately ₹17.25 crore from Maharashtra Rajya Sahakari Sangh Maryadit, Pune. The contract involves providing workforce services across various districts in Maharashtra.
Fujiyama Power Systems Ltd approved expanding its energy storage manufacturing operations. They plan to enhance Lithium Batteries capacity by 1 GWh at their Ratlam Plant in Madhya Pradesh.
Refex Industries Ltd secured two new domestic commercial contracts worth approximately ₹32.78 crore in fly ash handling and loading & transportation operations.
S&S Power Switchgear Limited's subsidiary, SSPSE, received a new purchase order from Hitachi Energy India Ltd for supplying isolators to the Dilip Buildcon Karnataka project package. The contract value is estimated between ₹8 crore and ₹10 crore.
Dhaksha Unmanned Systems Private Limited, a subsidiary of Coromandel International, inaugurated a new manufacturing facility in Tamil Nadu. The facility supports the development of larger, more complex UAV programmes, enhancing indigenisation of critical technologies.
Kothari Industrial Corporation Ltd received a Letter of Acceptance (LOA) from Integral Coach Factory (ICF) for material handling services at the Shell Depot in Chennai. The contract covers deploying forklift trucks, a mobile crane, a JCB, a high-reach stacker, and manpower, with a total consideration of ₹2,54,21,938.88 including GST.
Ceigall India Limited secured LOAs from the Ministry of Road Transport & Highways for constructing a section of the Lada-Sarli section of NH913 (Frontier Highway) in Arunachal Pradesh, valued at ₹704.70 crore excluding GST. The project will be executed jointly with Sushee Infra & Mining Ltd.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
