Last updated: Oct 4, 2023 08:35 IST
Stocks to watch on October 4
Stocks to watch: Shares of companies like Nestle, Adani Ent, Maruti Suzuki, Bajaj Finserv, DMart and others will be in focus during Wednesday’s trading.
Stocks to watch on October 4: GIFT Nifty on the NSE IX was trading 4.5 points, or 0.02 percent, lower at 19,446, indicating that Dalal Street was heading for a quiet start on Wednesday. Here you’ll find a whole host of stocks that will be in the spotlight today for a variety of reasons.
Nestlé India: Nestlé India’s board will consider the stock split and interim dividend proposal on October 19 along with the September quarter results.
Adani Companies: Abu Dhabi-based International Holding Co (IHC) said on October 3 that its stake in Adani Enterprises, the flagship company of billionaire Gautam Adani, has increased to more than five percent. The development comes days after the Middle East-based investor decided to divest its stakes in two other group companies as part of its portfolio reshuffle.
Maruti Suzuki: The country’s largest car manufacturer said it has received a draft assessment order for the financial year 2019-20 from the Income Tax department. This assessment order outlines certain additions and waivers totaling Rs 2,159.7 crore in respect of the returned income of the company, reflecting the income disclosed by the company in the income tax return for that fiscal year.
Bajaj Finserv: The financial services firm said its subsidiary Bajaj Allianz General Insurance has received an announcement from the Directorate General of GST Intelligence, Pune’s zonal unit. The agency issued a show-cause cum demand notice on September 29, 2023, citing a tax claim of Rs 1,010 crore.
Mahindra Finance: Mahindra Group’s non-banking financial business said it disbursed Rs 4,500 crore in September, registering 11 percent year-on-year growth. Disbursements in the second quarter of the current fiscal stood at Rs 13,300 crore, translating into a 12.6 percent year-on-year growth.
Strides Pharma: The pharmaceutical company said on Tuesday that the company’s outgoing wholly owned subsidiary, Strides Pharma Global Pte Ltd, has received approval from the US Food and Drug Administration (USFDA) for its icosapent ethyl capsules in both 0.5 gram and 1 gram variants. Icosapent ethyl capsules are used to treat high triglyceride levels.
Titagarh rail systems: The company on Tuesday said it has entered into a contract with the Gujarat Metro Rail Corporation Ltd (GMRC) for the production of 72 standard gauge cars. These metro cars are intended for the first phase of the Surat Metro Rail Project. The estimated order value for this project is approximately Rs 857 crore.
Hero MotoCorp: The homegrown motorcycle and scooter maker has announced the start of deliveries of its first co-developed premium motorcycle, the Harley-Davidson currently manufactured at Hero MotoCorp’s Garden factory in Neemrana, Rajasthan.
Avenue Supermarkets: The operator of retail chain D-Mart said the company posted 18.52 percent year-on-year growth in its standalone sales. For the quarter ended September 30, 2023, Avenue Supermarts reported standalone revenue from operations totaling Rs 12,307.72 crore, compared to Rs 10,384.66 crore year-on-year.
Disclaimer:Disclaimer: The views and investment tips expressed by experts in this News18.com report are their own and not of the website or its management. Users are advised to contact certified experts before making any investment decisions.
