PVR, Indian Hotels, banks and other hot stocks to watch out for on December 30

Dec 30, 2021

By: Rounak Jain

PVR

The multiplex chain raised ticket prices in Telangana up to 67 percent, with regular seats now costing ₹250 instead of ₹150. It operates 62 screens across the state.

Credit: PVR

Indian Hotels

Acquired the remaining 14.28 percent stake in ELEL Hotels, making it a wholly-owned subsidiary of the company.

Credit: Indian-Hotels

Banking stocks

RBI’s Financial Stability Report has forecast that bad loans are set to rise.

Credit: Unsplash

BASF India

Reached an agreement to divest its Florida plant and its associated business for $60 million.

Credit: BASF-India

Varun Beverages

Incorporated a new entity in the Democratic Republic of Congo to carry out the business of manufacturing, trading and distributing carbonated and non-carbonated beverages.

Credit: Unsplash

BPCL

LIC has acquired an additional 2 percent stake in the company via open market, increasing its holding to 7.03 percent.

Credit: BCCL

KPI Global

Bagged an order for a solar power project of 10MWdc capacity for Colourtex Industries in Surat.

Credit: KPI-Global

IRB Infrastructure Developers

Raised ₹5,350 crore via a private allotment of equity shares to Cintra INR Investments and Bricklayers Investment.

Credit: IRB-Infrastructure-Developers

SpiceJet

Its cargo unit SpiceXpress has signed a memorandum of understanding with Pifore to develop electric cargo planes.

Credit: BCCL

Prosus terminates $4.7 bn deal to acquire BillDesk