Mon, Dec 23, 2024 2:34 PM
Nagaraj Shetti suggests these two stocks to buy or sell this week
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Jajoo Rashmi Refractories has filed papers with SEBI to raise Rs 150 crore via an IPO, comprising a fresh issue to fund new manufacturing facilities and working capital requirements. The company, which exports 90% of its ferro alloys and refractory materials, reported a 6% net profit growth to Rs 24.3 crore in FY24.
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Muthoot FinCorp, the flagship company of the 137-year-old Muthoot Pappachan Group, has launched the NCD Tranche III series of secured and redeemable non-convertible debentures (NCDs). The issue aims to raise ₹300 crore, including a base size of ₹100 crore and a green shoe option of ₹200 crore, within the company's overall shelf limit of ₹2,000 crore.
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Public sector lender Indian Bank Ltd on Monday (December 23) said the financial intelligence unit of the Central Bank of Sri Lanka has imposed a monetary penalty of LKR (Lankan rupee) 2 million (approximately ₹5.85 lakh) on the bank for failing to comply with the provisions of Sri Lanka's Financial Transactions Reporting Act.
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