Buzzing Stocks: InterGlobe Aviation, Shree Cement, Garden Reach Shipbuilders, and others in news today

“Stocks to Watch: Check out the companies making headlines before the opening bell today”.

 

InterGlobe Aviation: Shobha Gangwal, the wife of IndiGo co-promoter Rakesh Gangwal, will sell her 4 percent stake in the aviation company via a block deal, CNBC TV18 reported citing sources. Reportedly, the block deal has been launched for 1.56 crore shares. The total deal size is worth Rs 2,930 crore.

Shree Cement: The cement company will start trading ex-dividend from February 16. It has announced an interim dividend of Rs 45 per share for FY23.

Chambal Fertilisers & Chemicals: Promoter entity Uttam Commercial has offloaded 1.66 lakh shares (0.04 percent stake) in the company via open market transactions on February 14. With this, its shareholding in Chambal reduced to 1.63 percent, from 1.67 percent earlier.

Mishra Dhatu Nigam: MIDHANI has signed MoUs with 11 companies including HAL, Hindustan Shipyard, Micron Instruments, Bay Forge, and Welspun Speciality Steels, to expand its wins in the area of developing and manufacturing aerospace & naval materials, R&D, exports, healthcare and training.

 

Ramco Systems: The company has signed digital transformation deal to automate and optimize business operations across the Philippine Airlines Group network.

Tanla Platforms: The company will launch Wisely ATP at the Mobile World Congress (MWC) in Barcelona, Spain on February 27, 2023. Wisely ATP is a global anti-phishing platform to protect citizens, trusted brands and digital economy.