Markets

Stocks that will see action today (Feb 4)

K. S. Badri Narayanan | | Updated on: Feb 04, 2022
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Buzzing stocks: Tata Steel, Paytm, Bank of India, Shree Cement, Route Mobile, DB Realty, Godrej Properties, OnMobile, Indigo, SPARC, CMS Info

RouteSms Solutions FZE, a wholly-owned subsidiary of Route Mobile Ltd, one of the leading CPaaS (Communication Platform as a Service) provider to enterprises, over-the-top (OTT) players and mobile network operators, has signed definitive agreements to acquire M.R Messaging FZC, one of the leading cloud communications service providers catering to enterprises and aggregators in Europeand South Africa. The acquisition is aligned to Route Mobile's global growth strategy and strengthens its global presence as a CPaaS leader.

The Board of DB Realty Ltd today approved setting up of a 50:50 owned special purpose vehicle (SPV) to jointly undertake slum rehabilitation and MHADA redevelopment projects. Godrej Properties and DBR will each contribute Rs 300 crore towards the equity platform focused on redevelopment opportunities in Mumbai. GPL will also subscribe up to 5 crore warrants convertible into equity shares aggregating to approximately 10 per cent of the issued and paid-up expanded capital of DBR for an aggregate amount of approximately ₹400 crore.

OnMobile, the global leader in mobile entertainment, recently partnered with Dialog Axiata PLC, Sri Lanka's premier connectivity provider, to launch its mobile cloud-gaming platform ONMO, a unique mobile gaming offering that blends cloud streaming, social e-sports, and AI to provide an immersive gaming experience. This next-generation cloud gaming experience provided by ONMO will enable Dialog users to play from the most popular mobile game genres such as action, arcade, racing, adventure and puzzles, amongst others. The initial offering is free for a limited period.

The Board of Directors of Maral Overseas has approved a proposal for setting up a spinning unit of 18,864 spindles for producing yarn at its existing Sarovar Plant (M.P.) with estimated outlay of ₹122.94 crore. The unit is expected to commence production in FY24. The board has also approved a proposal for setting up a new unit for its garment business at Noida (U.P.) with n estimated outlay of ₹14.93 crore. The unit is expected to commence production in the second quarter of the FY23.

Results Calendar: Aditya Birla Fashion, Alkem Laboratories, Alphageo, Astral, Antony Waste Handling Cell, Anuh Pharma, Auto Axles, Bank of India, Bayer Crop, Birla Corporation, CMS Info Systems, City Union Bank, CreditAccess Grameen, Dalmia Bharat Sugar, Deepal Spinners, DFM Foods, Devyani International, Disa India, Digi Space, Eveready, Firstsource Solutions, Gati, GNFC, Godrej Agrovet, Gujarat Poly, Gujarat Cotex, Gulshan Polyols, Hindustan Biosciences InterGlobe Aviation(Indigo), IOL Chem, IP Rings, Jamna Auto, Jubilant Pharmova, Jyoti, LMW, Mahindra Lifespace Developers, Mangalam Drugs, Minda Corporation, Monte Carlo Fashions, Narayana Hrudayalaya, One 97 Communications (Paytm), REC, S&S Power, Saint Gobain,Shree Cement, Siemens, Sintex, Sun Pharma Advanced Research Company, Tata Steel, Thermax, UFO, Vadilal Industries, Valecha Engineering, Venkys, XPro and Zee Learn among others.

Published on February 04, 2022

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