Five midcap names that investors should keep an eye on today!
Check out the midcap companies making headlines in the morning trade session.
Among the midcap companies, Brigade Enterprises, Inox Leisure, Solar Industries, Jaiprakash Power Ventures, and Easy Trip Planners are among the stocks that are in the news on Wednesday. Let us see why!
Brigade Enterprises: The company has announced on March 1, the incorporation of a wholly-owned subsidiary Brigade (Chennai) Projects Pvt Ltd. The company incorporated in February has an authorized and paid-up capital of Rs 1 crore (1000,000 equity shares of Rs 10 each). The wholly-owned subsidiary is proposed to undertake a real estate development business. On Monday at 9.55 am, Brigade Enterprises was trading at Rs 495.90, down 0.15 % or 0.75 per share.
Inox Leisure: The company in its exchange filing on March 1 has announced to have joined hands with the Esports Federation of India to popularize esports in India through big-screen video gaming experience in cinemas. As an exclusive cinema partner, INOX will host and promote ESFI tournaments across the country. The partnership is expected to benefit the Indian Esports ecosystem to benefit from this partnership ahead of Asian Games, Commonwealth Championships and IESF World Championships.
At 9.55 am on Monday, Inox Leisure was trading at Rs 412.50, up 0.73% or 3 per share.
Solar Industries: CRISIL Ratings has reaffirmed its ‘CRISIL AA+/Stable/CRISIL A1+’ ratings on the bank facilities and commercial paper of Solar Industries India Ltd. The total Bank Loan Facilities rated stood at Rs 1080.5 crore. The long-term rating was reaffirmed at CRISIL AA+/Stable, while the short-term rating was reaffirmed at CRISIL A1+. With a market share of about 24% in the domestic explosives segment, the group is one of the largest manufacturers and exporters of explosives and initiating systems in India. The group’s manufacturing unit in Nagpur is the world’s largest cartridge plant at a single location.
At 9.55 am on Monday, Solar Industries was trading at Rs 2303.85, down by 0.34% or 7.95 per share.
Jaiprakash Power Ventures: Crisil Rating for Long term Bank Facilities of the Company has been revised (from ‘BBB- Stable to BBB- Positive’. The total Bank Loan Facilities rated stood at Rs 5600 crore. At the time of writing, Jaiprakash Power Ventures was trading at Rs 2277, down 0.29% or 6.55 per share.
Easy Trip Planners: According to BSE records, Nomura Singapore Limited purchased 6 lakh shares of Easy Trip Planners, which operates the Ease My Trip service, in a bulk transaction on February 28. The transaction took place at Rs 275 per share. This gives the transaction a value of Rs 16.5 crore. The stock has rallied 4.65% in the previous session. At the time of writing, shares of Easy Trip Planners were trading Rs 296.60, up by 5.44% or 15.32.
Also read: Chart Busters: Top trading set-ups to watch for Wednesday
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