R O Jewels Ltd, N K Industries Ltd, Mcleod Russel India Ltd and Manaksia Aluminium Company Ltd are among the other losers in the BSE’s ‘B’ group today, 11 July 2024.

NDR Auto Components Ltd leads losers in ‘B’ group

Carbon Resources had previously made a non-binding offer to McLeod Russel’s lenders to acquire a controlling stake in the tea company and settle its dues. The Kolkata-based carbon products manufacturer had sent a Rs 1,245-crore non-binding offer to lenders.

Negotiation still on between McLeod, Carbon Resources over one-time debt settlement

The stock is now on a three-day winning streak, with cumulative gain of over 12 percent.

McLeod Russel soars on tea garden sale for debt repayment

Here are the stocks to watch before going into trade today.

Stocks To Watch: Vedanta, SBI, SBI Card, Nazara, Tata Communications, CarTrade, Mcleod Russel, Gravita India

McLeod Russel India: Jalans’ cost of acquiring 5.03 per cent was about Rs 15 crore and they realized about Rs 11 crore from the sale

Talks fall through, Jalan-owned Carbon Resources exits McLeod Russel India

Mcleod Russel q4 results: Revenue from operations in Q4FY23stood at Rs 226.04 crore as against Rs 254.24 crore a year back

ICD provisioning drags McLeod Russel to loss of Rs 1,078.27 crore

A supplementary affidavit was filed before NCLAT by the appellant (Aditya Khaitan), whereby an agreement between the parties dated May 5, 2023 was brought on record. The financial creditors also informed the appellate tribunal they already settled the matter with the promoter Khaitans and there are …

NCLAT set aside insolvency proceedings against McLeod Russel

Sources close to the development indicated that the settlement between McLeod promoters and IL&FS included a combination of payment of an amount and land

NCLAT allows withdrawal of CIRP for McLeod Russel India, says IRP

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Stocks to watch today — May 11, 2023

IL&FS Infrastructure Debt Fund (IIDF), part of the IL&FS group and a financial creditor of McLeod, has applied under a provision of the IBC against McLeod Russel India Ltd with the National Company Law Tribunal, Kolkata Bench. IIDF filed the petition against the company for default in payment of Rs …

McLeod Russel-IL&FS out-of-court settlement may lead to 60pc recovery

Once NCLT approves application, tea producer would be out of insolvency proceedings

Khaitans reach settlement with IL&FS to regain control of McLeod Russel

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Average profitability - not good, not bad

Profitability

Fundamentals

Not a good time to consider, stock is in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

McLeod Russel India Limited is engaged in manufacturing of tea in India.