Last updated: Sep 13, 2023 08:08 IST
Stocks to watch on September 13
Stocks to watch: Shares of companies like Infosys, Paytm, DMart, Vedanta, Coal India, SpiceJet and others will be in focus during Wednesday’s trading.
Stocks to watch on September 13: GIFT Nifty on the NSE IX was trading 43.5 points, or 0.22 percent, higher at 20,073.5, indicating that Dalal Street was heading for a positive start on Wednesday. Here you’ll find a whole host of stocks that will be in the spotlight today for a variety of reasons.
Avenue Supermarkets: The company opened a new store in Perungudi, Tamil Nadu on Tuesday. This brings the total number of stores on date to 334.
Payment: The company does not see the need for financing in the near future and is confident it will achieve sustainable free cash flow, the company’s chief financial officer said.
Infosys: The IT major has signed a multi-year deal with STARK Group, Europe’s largest retailer and distributor of building materials, for an undisclosed amount to support its digital transformation journey.
Steel stocks: India and the US will set up a joint monitoring mechanism to allow exports of at least 336,000 tonnes of certain steel and aluminum products without paying additional duties.
Banks: With effect from April 2024, the RBI has directed banks to classify investments into three categories. Fair value through profit and loss (FVTPL) will be the new category, which includes held for trading (HFT) – more than 5 percent sales from HFT will require prior approval.
Bank of Baroda (BoB): With a target of 25 percent year-on-year growth in the retail loan portfolio, the state lender will offer a discount of up to 80 basis points on personal loans and home loans this festive season, starting at 8.4 percent.
Vedanta: Billionaire Anil Agarwal plans to transfer Zambia’s Konkola copper mines from Vedanta Resources to Vedanta. The sale could create “a fully integrated copper vertical and ultimately a successful global copper company, like Chile’s Codelco and Mexico’s Southern Copper,” Agarwal said on X (formerly Twitter).
KEC International: The company has won new orders worth Rs 1,012 crore across its business segments.
L&T Financing: Bain Capital on Tuesday sold 2.82 percent stake or 70 million shares of the company at Rs 130 each. BNP Paribas, SBI Life, DSP Blackrock MF and Bajaj Allianz Life were the buyers.
SpiceJet: The budget airline on Tuesday said it has completed the payment of Rs 100 crore to Kal Airways. The Spicejet v/s Maran case will be heard on October 3.
Coal India: The company plans to invest Rs 24,750 crore in capital expenditure to build 61 First Mile Connectivity (FMC) projects to boost eco-friendly coal transportation.
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