Company BSE Share

STOCKS ON RADAR:

NMDC: The board approved the proposal to buyback of not exceeding 10,20,40,815 equity shares (representing 3.23 percent of the total paid-up share capital) at a price of Rs 98 per equity share. Company fixed record date for buyback of equity shares as January 18.

Tata Steel: 2019 Q3 total sales (provisional) fall to 6.77 million tonnes versus 7.36 million tonnes YoY.

Vedanta: SC has passed an order to uphold the NGT’s order dated December 15, 2018, allowing Vedanta to reopen its Copper Smelter at Tuticorin. Company approaching the state government for necessary approvals for restarting the smelter as per SC directions.

Indian Bank: The bank Board approved raising of capital funds by way of equity including Employees Share Purchase Scheme and / or AT1 and Tier 2 Bonds.

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