Jai Corp’s vice chairman Virendra Jain and his son Ankit Jain have acquired Chennai-based steel company Kamachi Industries for ₹487 crore. The company produces thermomechanically treated steel bars for construction, facing insolvency proceedings due to default on ₹2,200 crore loans. Their bid was approved by the National Company Law Tribunal after offering the highest bid. Virendra Jain has also bid for Rolta India.

Jai Corp’s Virendra Jain, son acquire Kamachi Industries for ₹487 crore

The resolution professional, Mamta Binani, received 12 expressions of interest (EoI) which included eight companies, one Singapore-based fund house and three individuals.

CE Infosystems, 3i Infotech and Varanium Cloud submit bids to acquire bankrupt Rolta India

Rolta India reports consolidated net loss of Rs 228.70 crore in the September 2021 quarter

The National Company Law Tribunal (NCLT) has dismissed a petition of the promoters of IT firm Rolta India Ltd seeking one-time settlement and regain the control of the company

NCLT dismisses Rolta promoters’ plea for one-time settlement

Elecon Engineering Company Ltd, Vishnu Chemicals Ltd, Rolta India Ltd and 3P Land Holdings Ltd are among the other losers in the BSE’s ‘B’ group today, 13 July 2021.

Zodiac Clothing Company Ltd leads losers in ‘B’ group

As per December quarter 2020 shareholding pattern, Life Insurance Corporation Of India P & Gs Fund held 2.36 percent stake in Rolta India.

Shankar Sharma Offloads 12.13 Lakh Shares In A2z Infra; LIC Sells Stake In Rolta India

Check out the companies making the biggest headlines before the bell.

Buzzing Stocks | Srei Infra, Rolta India, A2Z Infra And Others That Will Be In Focus Today

Prestige Estates Projects, Take Solutions, The Anup Engineering, KPIT Technologies, Electrotherm (India), Pricol, NBCC India, Spandana Sphoorty Financial, JSW Steel, Remsons Industries, Ashapura Minechem, PG Electroplast, BC Power Controls, SP Apparels, HIL, AstraZeneca Pharma India, Wipro, Quick He…

Buzzing Stocks | IDBI Bank, AstraZeneca Pharma, Rolta India, Infosys, JK Tyre, Max Healthcare

Among the few big names, Bank of Baroda sold 10,49,502 shares of Rolta India at Rs 4.20 per share.

NSE-BSE bulk deals: Bank of Baroda dumps 10 lakh shares of Rolta India

Rolta India reports consolidated net loss of Rs 292.81 crore in the December 2020 quarter

Indian Energy Exchange, South Indian Bank, SRF, Saint-Gobain, Rolta India, Cyient, MCX India, Aster DM Healthcare, SBI Cards, HDFC, Kirloskar Electric, Bajaj Holdings, Shalimar Paints, IIFL Securities, are also among the stocks in focus today.

Stocks In The News | Wipro, Biocon, JK Tyre, HDFC Bank, Vedanta, HDFC, SBI Cards

Hasn't fared well - amongst the low performers

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

Good time to consider, stock is not 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

Rolta India Limited operates in the homeland and maritime security domain with a repository of solutions through sensor integration, data fusion, visualization and response management capabilities.

Rolta India Ltd