Paras Defence, Maruti Suzuki, Airtel, Vodafone Idea and other top stocks to watch out for on October 1

Oct 1, 2021

By: Rounak Jain

Paras Defence

The company’s shares will be listed on the stock exchanges today, after the IPO was subscribed by over 304 times. The issue price is fixed at ₹175 per share.

Credit: Unsplash

Maruti Suzuki

It expects the total production of cars across its Haryana and Gujarat units to fall by 40 percent in October due to the ongoing semiconductor chip shortage.

Credit: BCCL

Bharti Airtel, Vodafone Idea

The Department of Telecommunications has issued notices to both the companies to pay ₹3,050 crore in penalties within three weeks.

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Contd...

The penalty is for violating licence conditions by denying Reliance Jio adequate points of interconnection in 2016, leading to calls not going through or dropping off.

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Adani Green Energy

Its subsidiary has completed the acquisition of Vento Energy Infra from Essel Green Energy.

Credit: Adani-Green-Energy

IPO Watch

Aditya Birla Sun Life AMC IPO subscribed 1.07 times on Day 2.

Credit: Flickr

Jubilant FoodWorks

To indirectly increase its stake in DP Eurasia to 49.99 percent. DP Eurasia is the exclusive master franchise of Domino’s Pizza in Turkey, Russia, Azerbaijan and Georgia.

Credit: Unsplash

Bank of India

Issued and allotted bonds amounting to ₹1,800 crore on a private placement basis, at a coupon rate of 7.14 percent per annum.

Credit: BCCL

IRB Infrastructure Developers

Its board has approved the allotment of secured non-convertible debentures worth ₹350 crore on a private placement basis to IDBI Bank, at 9.55 percent per annum.

Credit: IRB-Infrastructure-Developers

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