IDFC First Bank: Rajiv Lall resigned with immediate effect as Non-Executive Chairman of the Bank board. Lall is a veteran banker and previously occupied the position of founder, managing director and chief executive officer [CEO] of the bank between 2015 to 2018. He cited health issues in his resignation.
Supreme Industries: This plastic products manufacturer’s stock has surged by 77% in the past few months passing its 52-week high and is only 3% off it's all time high, which it hit last in January 2019.
WABCO India: This automobile equipment manufacturer has seen its price increase by 10% over the past week to a two-year high despite posting a 157.2% decline YoY into net loss for the June 2020 quarter.
Jamna Auto Industries: Over 49.3 lakh shares of this automobile equipment manufacturer was acquired by its promoter group. Out of this, 6.7 lakh shares or 13.6% were used in the creation of a pledge.
Sadbhav Engineering: This Ahmedabad-based construction company is the pick of stock analysts with HDFC Securities, Nirmal Bang Institutional and Sharekhan giving it a ‘BUY’ in the past seven days. However, that’s not stopped ICICI Prudential Life Insurance from disposing 52.5 lakh in the company in a bulk deal.
