Stocks Market Watch: HDFC Bank, PNC Infratech, Mindtree, UltraTech Cement

✅ IDBI Bank board seek government’s view on LIC’s proposal to buy 51 percent stake.

✅ HDFC Bank to allot 3.9 crore shares to parent HDFC at Rs 2174.09 per share.

✅ PNC Infratech bagged order worth Rs 1,157 crore for highway project in Karnataka.

✅ 5Paisa Capital board approved 1:1 rights issues at Rs 80 per share.

✅ Kridhan Infra JV won Rs 222.6 crore order for highway project.

✅ Tejas Networks implements 100G DWDM network for MCM Telecom in Mexico.

✅ Rolta India signed pact to implement revised restructuring of bonds.

✅ Kansai Nerolac completed acquisition of 55 percent stake in RAK Paints Bangladesh for Rs 41.5 crore.

✅ Allahabad Bank, Andhra Bank, Corporation Bank, PNB, IOB in focus as government may infuse Rs 11,396 crore in five state-owned banks, says government official. Capital to be used by banks to pay interest due on AT1 bonds.

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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

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