Five midcap names that investors should keep an eye on today!

Five midcap names that investors should keep an eye on today!

by 5paisa Research Team Last Updated: 2022-03-23T11:16:35+05:30

Check out the midcap companies making headlines in the morning trade session.

Among the midcap companies Indian Hotel Company, Brigade Enterprises, Coforge, Galaxy Surfactants and Can Fin Homes are among the stocks that are in the news on Wednesday. Let us see why!

Indian Hotel Company: The company has in its meeting of the QIP Committee 2021-22 of the Board has passed the resolution for authorizing the opening of QIP Issue date as March 22 for equity share of face value Rs 1 with a floor price of Rs 203.48 which may be subject to a discount of not more than 5% on the floor price. The QIP is expected to be in the size of Rs 2000 crore to enable the hotel chain to undertake its expansion plans. At the time of writing, shares of Indian Hotel Company were trading Rs 211.30, up 1.22% or 2.55.

Brigade Enterprise: The company in a press release announced its maiden entry into plotted development space with a 66-acre residential project in Devanahalli on the Satellite Town Ring Road(STRR). The project is a strategic Joint Development offering plot sizes ranging from 1200-2400 sqft to capitalize on the huge demand for plotted developments in North Bangalore. The company claimed that while Bangalore continues to be the primary contributor, it also aims to increase the contribution of Chennai and Hyderabad markets in the overall portfolio. At 9.45 am Godrej Properties was trading at Rs 518.70, up 1.86% or 9.45 er share.

Coforge: The global digital services and solutions provider announced yesterday that it has earned the Global Elite distinction in the new Pega Partners Program. The Global Elite distinction is reserved for the top-performing partners with demonstrated capabilities in Pega technologies, engagement strategies, or vertical markets. Coforge has been a strategic partner for Pega over the past 13 years, successfully implementing 300+ Pega solutions across multiple verticals.

On Wednesday at 9.30 am, Coforge was trading at Rs 4475.55, up 0.43% or 19.20 per share.

Galaxy Surfactants: One of the largest manufacturers of performance surfactants and Specialty Care Products in India has achieved the status of being a water-positive company. The Company emerged as among the very few Indian companies and the second Indian Chemical company to be 1.4 times water positive. The certification was granted by DNV Business Assurance India Private Limited which carried out verification of Galaxy’s Water Accounting Data for its operational plants at Tarapur, Taloja and Jhagadia and Corporate Office at Navi Mumbai in India. At the time of writing, Galaxy Surfacants was trading at Rs 2946.95, up 0.17% or 5.10 per share.

Can Fin Homes: The company informed in its exchange that its board will meet on March 29 to consider revalidation of approvals and authorizations for issuance of non-convertible redeemable debentures up to an amount of Rs 2,525 crore, on a private placement basis, in one or more tranches, for a period up to the date of the Annual General Meeting of the year 2021- 22. In the morning trades, Can Fin Homes was quoting at 606.80 up 0.78%.

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