NEW DELHI : Here’s a list of top stocks that may be in news on Tuesday: Kotak Mahindra Bank: Billionaire banker Uday Kotak will sell up to 56 million shares in Kotak Mahindra Bank through a block deal on Tuesday to reduce his stake to 26.1%.
These shares will be priced between ₹1,215 and ₹1,240 and will constitute 2.83% of the total equity shares outstanding. Based on these share prices, the deal will be valued between ₹6,804-6,944 crore. Hero MotoCorp: The country’s largest two-wheeler manufacturer reported total sales of 1,12,682 units in May.
The company usually dispatches around 6-7 lakh units per month. The sales numbers are not comparable with the corresponding month of the last fiscal since production operation was hampered by