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

Oct 1, 2021

Credit: BCCL

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.

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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.

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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.

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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