Stocks in news: RIL, Airtel, HDFC Bank, Vedanta, UPL, Info Edge, Bharat Forge
Stocks to watch today on February 23: RIL, Airtel, HDFC Bank, Vedanta, UPL, Info Edge, Bharat Forge among others are the top stocks to watch out for in Tuesday s trading session
BusinessToday.In | February 23, 2021 | Updated 09:40 IST
Stocks to watch today on February 23
Stocks to watch today: Here is a list of top stocks that are likely to be in focus in Tuesday s trading session based on latest developments.
Reliance Industries: The company said on February 23 that it is carving out its Oil-to-Chemicals (O2C) business into an independent subsidiary. RIL said it will retain 100 percent management control of the new subsidiary. In a notification to exchanges, RIL said that the promoter group will continue to hold a 49.14 percent stake in the O2C business after the reorganisation and that the process will result in no change in shareholding of the company.
Page Industries shares advanced 4.5 per cent to Rs 28,806 on the BSE in an otherwise volatile market on Tuesday after the company approved appointment of V S Ganesh as Executive Director and Chief Executive Officer of the company. Ganesh will be appointed for a period of 5 years effective June 1, 2021. Consequent to the elevation, the Board has shortened his present term of Executive Director – Manufacturing and Operation to the closing hours on May 31, 2021. At 10:10 am, the stock was ruling over 3 per cent higher at Rs 28,448 on the BSE as against a 0.44 per cent gain in the benchmark S&P BSE Sensex. So far in the calendar year 2021, the stock has given nil returns to its investors and is down 0.01 per cent on a YTD basis. From its 52-week high of Rs 32,372, touched on February 10, 2021, the stock has declined 15 per cent as of Monday, February 22.
Read more about Page Industries appoints V S Ganesh as ED & CEO on Business Standard. The board of Page Industries on 22 February 2021, approved the appointment of V S Ganesh as the Executive Director & Chief Executive Officer of the company for a period of five years effective from 1 June 2021.
This comes after Vedji Ticku resigned as CEO citing ‘personal commitments.’
23 Feb, 2021 - 12:19 PM IST | By indiantelevision.com Team
NEW DELHI: Page Industries has elevated VS Ganesh as executive director and chief executive officer. This follows the departure of Vedji Ticku, who resigned as CEO from the company last week citing “personal commitments.”
In a regulatory filing, the company stated that Ganesh will be appointed for a period of five years effective 1 June 2021. He is currently the executive director – manufacturing and operation.
Page Industries MD Sunder Genomal said, I am delighted to welcome Ganesh, I have no doubt that Ganesh would exceed all our expectations in the role of CEO and that the company will continue to remain in excellent hands. I believe Ganesh has the right leadership skills and qualities to succeed Vedji and also drive the company’s growth to the next level.