Indian Oil Corporation shares fell nearly 5 percent intraday after the stock adjusted for bonus share issue. The state-owned oil marketing company, on January 30, recommended issue of bonus shares in the ratio of 1:1 i.e. one new equity bonus share of Rs 10 each for every one existing equity share of Rs 10 each fully paid up. The record date for the purpose of ascertaining the eligibility of shareholders for issuance of bonus shares has been fixed as March 17, 2018.
Stocks To Watch Today
By keeping an eye on every movement of shares, your investment can be safely done. Here we are talking about such stocks which will remain in the news today and on which the market will look.
RCF / Factor / Deepak Fertilizers – Urea subsidy will continue even further. Urea subsidy of 1 lakh 64 thousand crores will be given. Also, roadmap of Direct Benefit Transfer of 2019-20 Fertilizer subsidy has also been approved.
Wipro – The Wipro Data Service Center will sell business to the Ansono. Wipro will sell the data service center for $ 40.5 million.
ICICI Bank – The price band of IPO of ICICI Securities has been fixed at Rs 519-520. ICICI Bank will sell 6.44 crore shares in the IPO.
MMTC – The board meeting is scheduled to be held on Monday for the bonus shares.
Binani Industries / Dalmia India – Banks have approved the Resolution Plan of Binani Cement. Dalmiya India will now be able to buy Binani Industries. Dalmiya India will buy Binani Industries for Rs 16,350 crore. Banks did not consider the UltraTech high bid. There will be no loss to the banks under the resolution plan. For final approval the bank will now go to the NCLT.
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