Intraday Stock Tips for Today (21st July)
Mirza International / Liberty Shoe / Bata India
The government will bring a special plan for the leather sector. There is a plan to subsidize 2600 crores for the leather sector. Labor companies will get income tax exemption on providing more employment. Ministry of Industry has issued Cabinet Draft Note.
GMR Rajamundari has been declared a loan of 2366 crore rupees NPA. Loan Strategic Debt Restructuring was started in January. 9 banks, including IDBI Bank and IDFC, have given loans to GMR Infra.
Reliance Industries has bought 24.9 percent stake in Balaji Telefilms. Reliance Industries has bought 2.52 crore shares at a price of Rs 164. Balaji’s board will include two members of Reliance Industries.
13 lakh preferential shares will be issued to promoters on behalf of Talwalkars.
Jubilant Life / JP Associates
Rakesh Jhunjhunwala has made big investments in both companies. Rakesh Jhunjhunwala bought 1.3 percent stake in Jubilant Life, while bought 1.03 percent in JP Associates.