These 5 large-cap stocks are in the news on September 12

These 5 large-cap stocks are in the news on September 12

Indian Market
by 5paisa Research Team Last Updated: 2022-09-12T10:54:01+05:30

Let's find out why these 5 large caps are in the news on Monday.

State Bank of India: The bank has raised Rs 6,872 crore through the allotment of 7.75% Unsecured, Not Guaranteed, Basel III compliant Additional Tier 1, Taxable, Non-Cumulative, Redeemable, Non-Convertible Bonds on September 09, 2022. At 10:40 am the share price is up by 0.44% and the scrip is trading at 555.90.

Oil and Natural Gas Corporation: The company signed 6 contracts for Discovered Small Fields (DSF) the offshore under DSF-III bid round, with 3 each for fields in the Arabian Sea and Bay of Bengal. These include 4 contract areas as a sole bidder and 2 contract areas in partnership with Indian Oil Corporation (IOCL). The company has also signed 2 contracts for Fields under Special CBM Bid round-2021 blocks in Jharkhand and Madhya Pradesh. At 10:40 am the share price is up by 0.11% and the scrip is trading at 134.10.

Reliance Industries: The company’s wholly-owned subsidiary, Reliance Petroleum Retail has executed definitive documents to acquire the polyester business of Shubhalakshmi Polyesters (SPL) and Shubhlaxmi Polytex (SPTex) for cash consideration of Rs 1,522 crore and Rs 70 crore respectively, aggregating to Rs 1,592 crore by way of slump sale on a going concern basis. The acquisitions are subject to the approval of the Competition Commission of India (CCI) and the respective lenders of SPL and SPTex. . At 10:40 am, the shares of the company are up by 0.92% and the scrip is trading at Rs 2592.35.

Star Health and Allied Insurance Co: The company has disclosed the Gross Direct Premium for the period ended August 31, 2022. The company posted a total gross direct premium of Rs 4089.6 crore a growth of 12% from Rs 4574.5 crore reported in August 2021. At 10:40 am, the shares of the company are up by 3.67% and the scrip is trading at Rs 768.95.

Max Financial Services: The company’s subsidiary company, Max Life Insurance Company has launched 'Smart Flexi Protect Solution’, a three-in-one offering that provides health and enhanced life cover, along with market-linked investment returns. A combination of Max Life Flexi Wealth Plus, Max Life Critical Illness and Disability Secure Rider, this unique proposition of wealth creation along with comprehensive protection against death, disability and critical illness. At 10:40 am, the shares of the company are down by 0.15% and the scrip is trading at Rs 795.70.


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