Stocks to watch: Venus Pipes, Pidilite, Indigo Paints, Mrs Bectors Food and more

Mrs. Bectors Food: As per news reports, the company has launched QIP to raise up to ₹400 crore. The indicative price is ₹1,550 per share, the report adds. The indicative issue price is at a discount of 3.9% to the closing price and 1.8% to the floor price. The company plans to utilise QIP proceeds for repayment of borrowings, investment in their subsidiary, and financing the project cost towards the Madhya Pradesh project.

Indigo Paints: Peak Partners, as per reports, will sell 11% stake of Indigo Paints via block deals today. The offer price is set at ₹1,470 per share, which is at a 4.6% discount to the last traded price. The offer size is reported to be ₹770 crore. There will be a 90-day lock-in period for the seller, as per a report by CNBC-TV18.

Matrimony.com: The company's board has approved a share buyback programme valued at ₹72 crore. The company will buy back up to 7 lakh equity shares, representing 24.85% of its total equity capital. The price for the buyback is set at ₹1,025 each, which is 26.5% premium to the scrip's last trading price of ₹810 per share.

Venus Pipes: The company said in its filing to exchanges on Thursday, September 5, that the Directorate of Revenue Intelligence conducted a search at the registered and corporate offices of the company for alleged evasion of customs duty on goods imported.

Nucleus Software: The company plans to buy back up to 4.48 lakh shares (1.67% equity) for ₹72.4 crore at ₹1,615 apiece. The buyback will open on September 9 and close on September 13. KEC International: The company has secured new orders worth ₹1,423 crore for the design, supply, and installation of 380 kV transmission lines in Saudi Arabia.

Pidilite Industries: Pidilite Industries said it has signed an exclusive distribution agreement with CollTech Group, a company dedicated to the manufacture and sale of high-performance adhesives and thermal management solutions.

Oil-linked stocks: OPEC+ has delayed plans to hike production by a scheduled 180,000 barrels per day in October, as part of a program to gradually return a broader 2.2 million barrels per day to the market over the following months.

The increase has been delayed by two months, said a report by CNBC.

Finolex Cables: The company said that Nikhil Naik has stepped down as chairman of the board. Ratnakar Barve will succeed Naik.

Godfrey Phillips: According to a news report by Business Standard, the Delhi High Court has cleared the way for Bina Modi, widow of industrialist K K Modi, to vote as a managing trustee of the K K Modi Family Trust at the 87th annual general meeting (AGM) of Godfrey Phillips India (GPI) on September 6, rejecting her grandson Ruchir Modi’s plea to stop her from voting.

Sundaram Clayton: In its filing to exchanges, the company said it has commissioned the commercial production of aluminum die castings effective September 5, situated in the industrial area of the State Industries Promotion Corporation of Tamil Nadu (SIPCOT) in Thervoy Kandigai, Tiruvallur District, Tamil Nadu.

Ashoka Buildcon: The company will hold its annual general meeting (AGM) on Friday, September 27, 2024, at 12.30 p.m. In separate news, Ashoka Buildcon said that the land owned by Viva Highways, a wholly-owned subsidiary, under its Real Estate Portfolio, situated at Hinjewadi, Pune, has been monetised at a total consideration of ₹453 crore.

NLC India, GMDC: The Ministry of Coal on Thursday issued allocation orders for three coal mines, namely Machhakata (revised), Kudanali Lubri, and Sakhigopal-B Kakurhi, to NLC India, Gujarat Mineral Development Corporation (GMDC), and Tamil Nadu Generation and Distribution Corporation, respectively. Of these three coal mines, one is a fully explored coal mine, and two are partially explored coal mines.

Camlin Fine Sciences: The company will hold a board meeting on September 10 to consider and approve the proposal for raising funds by way of rights issue of equity shares under applicable laws or issue of any other securities of the company.