Stocks in news: Zomato, Cyient DLM, L&T, Petronet LNG, NHPC

The markets continued their upward momentum, gaining nearly half a percent on Tuesday. In today's trade, shares of Zomato, Cyient DLM, L&T, Petronet LNG, NHPC among others will be in focus due to various news developments.

Zomato
Antfin Singapore Holding has sold Zomato shares worth Rs 4,771 crore via block deals on Tuesday. The stake sale, which involved selling of over 18.54 crore shares, was done in two block counts of 9.27 crore shares each.

PNB Housing Finance
General Atlantic Singapore Fund FII Pte is likely to sell 5.1% equity in PNB Housing Finance at Rs 775 per share, which is at a 4.4% discount to the current market price, according to reports.


Cyient DLM
Cyient's board of directors approved the company's 14.50% stake sale in its subsidiary Cyient DLM Limited via block deal.

L&T
Bombay High Court has quashed and set aside GST show cause notice of Rs 2,237 crore sent to L&T.

NHPC
NHPC informed about the landslide at Teesta-V power station (510 MW) in Sikkim. The landslide has affected the Tail Race Tunnel (TRT) gate hoist structure and part of the GIS building.

GE T&D India
The promoter group is likely to sell a minority stake in the company to simplify its holding structure.

Petronet LNG
Petronet LNG has signed an MoU with Sri Lanka’s LTL Holdings for supply of LNG to LTL’s dual fuelled Power Plant(s) in Kerawalapitiya, Colombo for 5 years.