Stocks in the news: Go Fashion, PNB, Tatva Chintan, IRCTC and Reliance Capital

Nifty futures on the Singapore Exchange traded 22 points, or 0.13 per cent higher at 17,112, signaling that Dalal Street was headed for a positive start on Tuesday. Here are a dozen stocks which may buzz the most in today's trade:

Go Fashion: The leading player of women's bottom wear will make its Dalal Street Debut on Monday. The company sold its shares in the range of Rs 655-690 between November 17-22 to raise Rs 1,013.61 crore via IPO. Just a day before listing, It was commanding a premium of Rs 490 per shares, a premium of 70 per cent in the grey market.

Coal India: The government will receive around Rs 3,667 crore as an interim dividend from Coal India for the current 2021-22 fiscal, a company official said. The Maharatna PSU announced a 90 per cent interim dividend for FY22, and the total outgo for the purpose will be around Rs 5,546 crore.


IRCTC: The online bus ticketing platform redBus announced foray into rail ticketing with the launch of redRail, a rail ticket booking service in collaboration with IRCTC (Indian Railway Catering and Tourism Corp) as their authorised partner.

Indiamart Intermesh: The B2B e-commerce firm has acquired a stake in trade receivable discounting system services firm M1xchange for Rs 32.4 crore, the fintech firm said. Indiamart has earlier announced a deal to acquire 7.7 per cent in M1xchange for Rs 32.4 crore and the transaction closes with the fintech firm securing the deal amount.

Punjab National Bank: The public sector lender will invest as a promoter in Open Network for Digital Commerce by picking up over 9 per cent stake in the company, which is yet to be incorporated. Open Network for Digital Commerce (ONDC) Ltd is being established with a mandate to develop an open network for digital commerce.

Crisil: The rating agency said Martin Fraenkel has resigned as the company's director with immediate effect. It also announced the appointment of Elizabeth Mann as an additional director (non-executive).

Ujjivan Small Finance Bank: The private lender said RBI has appointed P N Raghunath as an additional director on the board of the bank.

Dish TV: The Direct-to-Home service provider, which is facing a notice from its largest shareholder Yes Bank to reconstitute its board, has again postponed its Annual General Meeting for a month after getting regulatory approval.

Union Bank of India: The Reserve Bank of India (RBI) said it has imposed a penalty of Rs 1 crore on the state run lender for deficiencies in regulatory compliance.

Tatva Chintan Pharma Chem: As a part of future need, the recently listed company has acquired an industrial land admeasuring 50,399.16 square metre at Dahej-III GIDC Estate, Gujarat.

Reliance Capital: The Reserve Bank superseded the board of Anil Ambani promoted Reliance Capital (RCL) and will soon initiate bankruptcy proceedings against the debt-ridden NBFC for payment defaults and serious governance issues. Nageswar Rao Y (Ex-Executive Director, Bank of Maharashtra) has been appointed as the administrator of the company.

Sayaji Hotels: Subsidiary Sayaji Hotels Management (SHML) has signed and entered into 8 management agreements/franchise agreements/ term sheets for the expansion of SHML by having new properties in Madhya Pradesh, Maharashtra, and Gujarat.

Ratnamani Metals & Tubes: The company has received new domestic orders aggregating to Rs 297.87 crore from the oil and gas sector, to be executed between February 2022 and January 2023.