Watch out for these stocks in today’s trade: Diamond Power, ITC, Vodafone Idea, Tata Steel, Coforge, Inox India, Vipul Organics, PG Electroplast 

Diamond Power and Infrastructure Ltd on Tuesday said its Chief Financial Officer Vinod Jain has resigned from the company with effect immediate effect, ahead of the financial results. The board has approved the appointment of Samir Naik, General Manager – Corporate Finance of the company, as the Interim Chief Financial Officer of the Company with effect from May 28, 2025, based on the recommendation of Audit Committee and Nomination and Remuneration Committee till the time a new CFO is appointed by the Board, the company said in an exchange filing. Jain has cited “unavoidable circumstances” on his end as reason for his resignation.

British American Tobacco Plc plans to sell a stake in Indian tobacco manufacturer ITC Ltd worth at least $1.36 billion, according to Bloomberg report. The tobacco conglomerate offers as many as 290 million shares at a floor price of 400 rupees ($4.69) per share, according to terms seen by Bloomberg. The stake being offered accounts for as much as 2.3% of ITC’s outstanding shares. BAT is ITC’s largest shareholder, owning about a quarter of the company, according to data compiled by Bloomberg.\

Vipul Organics on Tuesday said the construction work at its greenfield facility at Sayakha, in Gujarat is progressing at a rapid pace and the company aims to commence production from this plant in third quarter of this fiscal. The facility has already received environmental clearance, building plan approval, and commitment approvals for resource availability including input water and CEPT support, from the respective regulatory bodies, the company said in a regulatory filing.

Vodafone Idea (Vi) said it will consider and evaluate any and all proposals for raising of funds in one or more tranches at its board meet on May 30, as per a stock exchange filing. This is yet another attempt by the company to resolve its total debt of ₹1.7 lakh crore, of which it has to pay ₹83,000 crore in AGR dues.

Atishay informed the exchanges that it has received a Letter of Acceptance (LoA) from Bihar State Educational Infrastructure Development Corporation (BSEIDC), a Government of Bihar Undertaking (Authority), for the Establishment of ICT Labs and Smart Classrooms across various colleges in multiple districts of Bihar. The total value of the contract is Rs 12.36 crore inclusive of all applicable taxes.

Marine Electricals (India) has secured orders worth ₹4.97 crore (excluding taxes) from Mazagon Dock Shipbuilders. The orders pertain to the supply of spares for the P15B Integrated Bridge System (IBS). The delivery of these goods is scheduled to be completed over a period of 12 months.

Sonata Software has partnered with Qualtrics to deliver a comprehensive, technology-driven customer experience management solution for global enterprises. This collaboration combines Qualtrics’ best-in-class XM for Customer Experience suite with Sonata Software’s global systems integration services and extensive consulting, measurement and implementation capabilities powered by Sonata CX. The end-to-end offering is designed to help enterprises meet rising customer expectations, deliver hyper-personalized experiences and reimagine customer-brand relationships while enhancing operational efficiency and service quality.

Three promoters of PG Electroplast on Tuesday sold a total of 5.3 per cent stake in the company for Rs 1,132 crore through open market transactions. According to the bulk deal data available on the BSE, PG Electroplast’s promoters Vikas Gupta, Anurag Gupta and Vishal Gupta sold 1.50 crore equity shares, cumulatively a 5.3 per cent stake in the company. The shares were disposed of in the price range of ₹754.83 to ₹755.73 per share on the BSE.

Waaree Energies informed the exchanges that its wholly owned subsidiary Waaree Power Pvt Ltd’s agreement to acquire a 55% stake in Ewaa Renewable Techno Solutions Pvt Ltd for ₹5.5 crore has been mutually terminated.J

Tata Steel has filed a fresh writ petition before the Delhi High Court seeking relief, including compensation of ₹757.14 crore along with interest, for cancellation of the coal block and non-payment of pending dues to the company  The case relates to erstwhile Bhushan Steel Limited (renamed as Tata Steel BSL Limited, which was acquired under the insolvency and bankruptcy resolution process in May 2018 and subsequently amalgamated into and with Tata Steel Limited effective November 11, 2021) had been allocated New Paratpara Coal Block in 2006 and had made necessary expenses towards development of the Coal Block. In 2014, the Supreme Court of India cancelled the allocation of the Coal Block, followed by subsequent auction of part of the Coal Block.

Coforge has undertaken a strategic partnership with Nylas, a leading provider of communications Application Programming Interface (APIs), to redefine customer engagement and operational efficiency within the Salesforce ecosystem to improve Customer Relationship Management.

Inox India has received approvals from two of the world’s largest brewery brands – Heineken and ABinBev – for its stainless-steel beverage kegs manufacturing at its Savli Plant in Gujarat marking its first major order since its entry in the keg manufacturing space, in September 2023.

Results Calendar: IRCTC, SAIL, 3M India, Deepak Nitrate, Cohance Lifesciences (formerly Seven Pharmaceuticals), JSW Holdings, Nuvama Wealth, Welspun Corp, Bata, Cummins, Natco Pharma, Elgi Equipments, Finolex Cables, Granules India, Dr Agarwal Health Care, Birlasoft, Avanti Feeds, MMTC, Sandur Manganese, Ion Exchange, Mishra Dhatu Nigam, Suprajit Engg, IFB Inds, Bannariamman Sugars, Heidelberg Cement, Polyplex Corp, Hawkins, Bharat Rasayan, Bhagiradh Chemicals, Hemishphere Properties, Som Distilleries, Maithan Alloys, MTNL, Hinduja Global, Steelcast, Himatsingka Seide, Federal-Moghul, Suraksha Diagnostic, Omaxe, Bajaj Steel, Dish TV, Munjal Auto, Liberty Shoes, Byke Hospitality, Manaksia, KCP Sugar, Goodricke, A2Z Infra, Aban Offshore, Lakshmi Mills.

Published on May 28, 2025