Stocks that are in the news today

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HIGHLIGHTS

  • Spicejet clears unpaid dues with AAI
  • Ashish Kacholia has sold 5.5 Lk shares of Mastek
  • Hero Moto vehicle sales down 1.9% year-on-year

Let’s talk about a few actions that are in the spotlight today.

SpiceJet has reached a full and final settlement with the Airports Authority of India and settled all major outstanding debts of the airport operator. With this, SpiceJet will no longer remain on “cash and carry” at AAI-operated airports across the country and will revert to a prepayment mechanism for daily flight operations.

2 – MASTEK

Ashish Kacholia today sold a full stake in mid-cap IT stock Mastek and bought a stake in small-cap petrochemical company Agarwal Industrial. Smallcap World Fund acquired 5,54,883 shares in a block transaction on the stock exchange.

3 – NAZARA TECH

Shares of Nazara Technologies jumped 15% to their highest level since May 6, heading for the fourth round of gains. Indian games company rose 20% on Monday after April-June revenue beat estimates; the title gained more than 36% in four sessions.

4 – MOTORCYCLE HEROES

Hero Moto vehicle sales at 4.4 lakh units, down 1.9% year-on-year from a poll of 4.5 lakh.

5 – AJMERA IMMOBILIER

Ajmera Realty & Infra India said its subsidiary had acquired a property, from Tata Communications Ltd, on which it would build a housing project with the potential to generate sales of 2.5 billion over three years. The property, located in the suburb of Ghatkopar in Mumbai, spans an area of ​​1,721 square meters.

6 – SHRIRAM TRANSPORT AND SHRIRAM CITY

Shriram Transport has received a green signal from CCI for a merger with Shriram City Union.

7 – GMM PFAUDLER

GMM Pfaudler hit its highest level since Feb. 3 after announcing plans to acquire a balanced stake in GMM International Sarl from founders Pfaudler International Sarl and Millars Concrete Technologies.

8 – ABUZZ ALUMINUM STOCK

Aluminum stocks like Hindalco, Nalco and Vedanta were down 2.4% today on the London Metal Exchange.

9-NMDC

NMDC was buzzing on the back of iron ore production which is 2.05 MT in July 2022 compared to 3.06 MT in July 2021 – down 33% year on year.

10 – ZOMATO

Food delivery aggregator, Zomato’s first-quarter net loss was nearly halved. The company said demand-side inflation had hit the business.

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