Last updated: Oct 06, 2023 09:11 IST
Stocks to watch on October 6
Stocks to watch: Stocks of companies like Tata Motors, SBI, Adani Wilmar, PB Fintech, IndiGo, Lupine and others will be in focus during Thursday’s trading.
Stocks to watch on October 6: GIFT Nifty on the NSE IX was trading 8.5 points, or 0.04 percent, higher at 19,613.5, indicating that Dalal Street was heading for a quiet start on Friday. Here you’ll find a whole host of stocks that will be in the spotlight today for a variety of reasons.
Tata engines: Tata Motors arm JLR said it expects positive free cash flow of around £300 million in the second quarter of FY24. It reported higher sales volumes in the second quarter, due to continued improvement in its offering, which allowed JLR to deliver more vehicles to customers.
SBI: The union government has extended the tenure of SBI Chairman Dinesh Khara till August 2024.
Rate sensitive: Shares of interest rate sensitive companies such as banks, financial services firms, auto companies and real estate companies will see action today amid the Reserve Bank of India’s (RBI) interest rate decision.
Valiant Laboratories: Valiant Laboratories will debut on the stock exchange on October 6. The issue price is Rs. 140 per share.
Bajaj Finance: The board has approved to raise Rs 10,000 crore through a combination of QIP and preferential issuance.
PB Fintech: SoftBank Group is likely to sell shares worth up to $105 million in PB Fintech through block deals, according to reports.
The Group is looking to divest a stake of around 2.54 per cent at Rs 752 – 767 per share.
Vedanta: CRISIL Ratings on Thursday placed Vedanta Limited’s long-term bank facilities and debt instruments under ‘rating watch with negative implications’.
InterGlobe Aviation: IndiGo airlines will charge fuel charges between Rs 300 and Rs 1,000 to offset the impact of rising aviation turbine fuel (ATF). The new pricing structure will come into effect from October 6.
Godrej Consumer Products: The company estimated double-digit organic sales growth in the September quarter despite challenges in a difficult macroeconomic environment. Consolidated revenue could be in the low single digits.
Adani Wilmar: Edible oil volumes grew 5 percent year-on-year, while Food and FMCG volumes grew 18 percent in Q2 2024. However, standalone sales growth declined 13 percent year-on-year due to price cuts implemented following the sharp decline in global edible oil prices.
Sun Pharma: The company has decided to acquire 37.76 percent stake in Ezerx Health Tech Private Limited.
She-wolf: The company has received preliminary approval from the US Food and Drug Administration (US FDA) for Tolvaptan tablets, 15 mg, 30 mg, 45 mg, 60 mg and 90 mg.
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