Last updated: Sep 11, 2023 08:04 IST
Stocks to watch out for on September 11
Stocks to watch: Shares of companies like Adani Ent, Adani Ports, HDFC Bank, Coffee Day, IRCTC, Oil India and others will be in focus during Monday’s trading.
Stocks to watch on September 11: GIFT Nifty on the NSE IX was trading 14 points, or 0.07 percent, lower at 19,925, indicating that Dalal Street was heading for a negative start on Monday. Here you’ll find a whole host of stocks that will be in the spotlight today for a variety of reasons.
HDFC bank: Analysts expect the stock to see massive inflows of up to $600 million from passive trackers this week due to index rebalancing in the BSE Sensex and inclusion in the FTSE indices.
Torrent Pharma, Cipla: Promoters of Torrent Group are likely to raise money by pledging a stake in the power arm in their bid to take over Cipla.
Adani Group: The Gautam Adani-led group has increased stake in Adani Enterprises from 69.87 percent to 71.93 percent and in Adani Ports from 63.06 percent to 65.23 percent, BSE data showed.
Grasim: Grasim’s textile division plans to expand its presence in smaller towns and villages by opening around 100 to 120 stores in the coming years.
Balrampur Chini: Vivek Saraogi, chairman and managing director of the company, said it will post solid profits amid high sugar prices and lower surpluses in the country as it sources more volume from Uttar Pradesh.
IRB Infrastructure: The company collected a total toll revenue of Rs 417.21 crore in August 2023, up 24.2 percent from Rs 335.99 crore in August 2022.
Natco Pharma: The company and several other drugmakers have been named as defendants in an antitrust lawsuit over a generic cancer treatment drug in the US.
Oil India: The state-owned company plans to invest $2 billion in projects and aims to reach its net zero target by 2040.
SJVN: The company’s Green Energy arm signed a 25-year power purchase agreement with the Bhakra Beas Management Board for an 18 MW solar project in Himachal Pradesh and Punjab.
Coffee day companies: An application has been filed against the company under the Insolvency and Bankruptcy Act. The company said it is seeking appropriate legal advice and will take all appropriate steps to protect its interests.
IRCTC: IRCTC will arrange catering facilities in all trains booked at full fares.
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