Stocks to Track: Maruti Suzuki, RailTel, Repco Homes, Hero MotoCorp, BSE, JSW Steel in focus
Domestic equity benchmarks suffered sharp losses on Friday amid selling pressure in financial, IT and energy shares, halting a winning run that lasted six back-to-back trading sessions. Both headline indices finished 0.9 per cent lower. The Sensex lost 693.9 points to end at 81,306.9 while the Nifty50 gave up 213.7 points to settle at 24,870.1. With market participants awaiting a fresh trading week on Dalal Street, here are a few stocks that are set to be in focus during Monday’s trade.
Corporate Action
Kama Holdings, Lloyds Enterprises, Nitin Castings, Repco Home Finance, Rupa & Company, SP Apparels and Tamboli Industries shares are set to trade ex-dividend at the opening bell on Monday. At the same time, Kretto Syscon shares will trade ex-bonus.
Nifty50 reshuffle
With effect from September 30, Hero MotoCorp and IndusInd Bank will be replaced by IndiGo and Max Healthcare in the Nifty50 index.
On the same day, Hind Zinc, Max Healthcare, Solar Industries, Mazagon Dock and Siemens Energy will enter the Nifty 500, replacing Dabur, Swiggy, ICICI Pru, Hero Moto and IndusInd Bank.
In the Nifty Financial Services universe, BSE will be replacing HDFC AMC.
Brigade Enterprises
The company has signed a long-term lease for 7 acres of land in Chennai.
The real estate firm will utilise this parcel to build Grade-A office space and a 225-room hotel across 10 lakh square feet.
JSW Steel
The Odisha government has issued a tax demand notice of Rs 1,473 crore to the steelmaker for mining dues.
The company has said that it has followed a due legal process.
Akums Drugs & Pharmaceuticals
The company has signed a framework agreement with the Zambia government for local drug manufacturing and purchase worth Rs 436 crore over two years.
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IDBI Bank and LIC
SEBI has approved LIC’s reclassification as public shareholder in IDBI Bank, subject to certain conditions.
SJVN
PM Narendra Modi has inaugurated Unit-1 of the 660 MW Buxar Thermal Power Project.
The total project capacity is 1,320 MW.
Rail Vikas Nigam Ltd
SC Jain has been given additional charge as CMD of the company.
TTK Prestige
The company’s operations at its Roorkee plant have been disrupted due to floods.
TTK Prestige has been able to resume production partially, with normalcy in operations expected to be restored by August 25.
RailTel Corporation
The company has received a work order to the tune of Rs 13 crore from Rajasthan Skill & Livelihoods Development Corporation (RSLDC).
CEAT
The tyre maker’s subsidiary, CEAT OHT Lanka, has signed an agreement with Sri Lanka BOI.
It will invest around Rs 1,500 crore in Sri Lanka.
Maruti Suzuki India
The auto giant has informed exchanges BSE and NSE that its next hearing in NCLAT in the CCI case is due on September 18.
Titagarh Rail Systems
The company has secured a Rs 91-crore LOA from Banaras Locomotive Works for full shell assembly of WAG-9HC locomotives.
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