Some Stocks in Focus: SpiceJet, Bank of Baroda, HG Infra, Orient Tradelink & More

By Malvika Gurung — Bank of Baroda (NS:): The state-owned lender has hiked the MCLR by 5-15 bps, starting Sept 12.

SpiceJet (NS:): The airline company has appointed Ashish Kumar as its new Chief Financial Officer.

KEC International (NS:): The construction engineering company has won an EPC contract from Gujarat Industries Power (NS:) for Rs 244 crore.

Bank of India (NS:): The state-owned lender’s net profit for the year fell by 34.8% YoY to Rs 2,221 crore led by divergence in its asset classification for FY22.

HG Infra Engineering Limited (NS:): Subsidiary HG Ateli Narnaul Highway has received the completion certificate for its road project in Haryana.

Ujjivan Small Finance Bank (NS:): The small finance bank has issued NCDs of Rs 75 crore, with the final date as Apr 26, 2028, and the coupon rate at 11.95%.

Ashapura Minechem (NS:): Albula Investment Fund has offloaded 14.5 lakh equity shares of the multi-mineral solutions at an average price of Rs 101.97 apiece.

Orient Tradelink (BO:): The country’s largest literature technology platform Story Mirror Infotech has signed six book publishing deals with the company, a deal which can generate a revenue of Rs 5 crore in the upcoming few years.

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