Sunday, September 1, 2024

Stock to Watch Today - Rupeedesk Reports - 02.09.2024

Stock to Watch Today - Rupeedesk Reports - 02.09.2024


Stock to Watch Today - Rupeedesk Reports 
Stock to Watch Today - Rupeedesk Reports - 02.09.2024
Stock to Watch Today - Rupeedesk Reports 

Buzzing Stocks : Maruti Suzuki, TVS Motor, SJVN, RailTel, Biocon, Gujarat Gas, Tata Motors in focus on Monday.

Oil India : OIL has signed hook-up agreements with Indra Dhanus Gas Grid (IGGL) to enhance energy infrastructure in the North-East region.

MOIL : The state-owned company has reduced the prices of ferro-grade manganese ores with manganese content of Mn-44% and above by 20% for September. It has also lowered prices of all other ferro grades of manganese ore with manganese content below Mn-44% by 15%, and prices of all SMGR (Mn-30% & Mn-25%), fines, and chemical grades by 15%.

Hindustan Petroleum Corporation : Pushp Kumar Joshi has superannuated as Chairman & Managing Director, effective September 1, and ceased to be a director. The Ministry of Petroleum & Natural Gas has appointed Rajneesh Narang, currently Director-Finance, as the interim Chairman & Managing Director for three months, starting September 1.

SJVN, NHPC, RailTel Corporation of India : The Government of India has granted Navratna Status to SJVN, NHPC, and RailTel Corporation of India.

NBCC India : The Board of Directors has approved a bonus issue of one share for every two equity shares held. The record date for the bonus issue is October 7.

Wipro : The company has appointed Srikumar Rao as the Global Head of its Engineering Edge Business Line, effective October 5, following the resignation of Harmeet Chauhan. Srikumar will report to Srini Pallia.

Biocon : Subsidiary Biocon Pharma has received US FDA approval for Sacubitril/Valsartan tablets and Daptomycin for injection. Biocon has also received an Establishment Inspection Report (EIR) from the US FDA for its greenfield API facility in Visakhapatnam, allowing it to commence commercial supplies to the US market.

HDFC Asset Management Company : Life Insurance Corporation of India has reduced its shareholding in HDFC AMC to 2.88% from 4.91% between July 1 and August 29.

DCM Shriram : Life Insurance Corporation of India has decreased its stake in the company to 6.43% from 8.58% between November 21, 2007, and August 29, 2024.

Insecticides India : The Board of Directors has approved a buyback of 500,000 shares (1.69% of equity) for up to Rs 50 crore at Rs 1,000 per share. The record date for the buyback is September 11.

GPT Infraprojects : GPT has been declared the lowest bidder for a Rs 204 crore project from CAO Construction, South Eastern Railway, involving the construction of a road over bridge between Andul-Sankrail and Nalpur-Bauria stations.

Emami : The company has acquired the remaining 49.60% stake in Helios Lifestyle, which owns the premium men's grooming brand 'The Man Company'. Emami now holds a 100% stake in Helios.

Krishna Institute of Medical Sciences : The company has acquired a 100% equity stake in Chalasani Hospitals, Visakhapatnam, for Rs 28 crore. Chalasani Hospitals is a 200-bed hospital established in 1995.

Century Textiles and Industries : Birla Estates, a wholly-owned subsidiary of Century Textiles, has signed an agreement with LGCPL Group to co-develop a 131-acre land parcel in Sector 150, Noida.

Gujarat Gas : The board has approved a scheme of arrangement and amalgamation involving Gujarat State Petroleum Corporation (GSPC), GSPC Energy (GEL), and Gujarat State Petronet (GSPL) merging into GGL. Additionally, the scheme involves the demerger of GGL's gas transmission business, which will be listed separately as GSPL Transmission Limited (GTL).

PTC India Financial : The board has appointed Abhinav Goyal as the interim Chief Financial Officer until a regular CFO is appointed. Abhinav Goyal is currently the VP (Finance).

Siemens : The company has received an order from the Deputy Commissioner of Income-tax, with a potential tax demand of Rs 29.4 crore. This increases the total cumulative amount in ongoing litigations and disputes with the Deputy Commissioner of Income-tax to Rs 77.5 crore.

Bandhan Bank : UBS Principal Capital Asia has acquired a 1.19% stake in the bank at an average price of Rs 200.27 per share, amounting to Rs 384.56 crore.

Dixon Technologies India : UBS Principal Capital Asia has sold a 1.14% stake in Dixon at an average price of Rs 13,178.47 per share, totaling Rs 904.1 crore.

Globus Spirits : Motilal Oswal Mutual Fund has purchased a 0.69% stake in Globus Spirits at an average price of Rs 1,071.49 per share, amounting to Rs 21.4 crore.

Kesoram Industries : Foreign portfolio investor SG Sundae Holdings LLC has sold a 1.16% stake at an average price of Rs 206.88 per share, and an additional 0.62% stake at an average price of Rs 206.74 per share, totaling Rs 114.77 crore.

Oil India : UBS Principal Capital Asia has sold a 1.2% stake in OIL at an average price of Rs 742.12 per share, amounting to Rs 972.62 crore.

Oracle Financial Services Software : UBS Principal Capital Asia has sold a 0.56% stake in the company at an average price of Rs 10,999.15 per share, totaling Rs 533.4 crore.

Rail Vikas Nigam : UBS Principal Capital Asia has sold a 0.63% stake at an average price of Rs 606.83 per share, amounting to Rs 797.2 crore.

Vodafone Idea : UBS Principal Capital Asia has sold a 0.55% stake at an average price of Rs 15.67 per share, totaling Rs 598.9 crore.

Zydus Lifesciences : UBS Principal Capital Asia has offloaded a 0.66% stake at an average price of Rs 1,128.11 per share, amounting to Rs 756.02 crore.

Nirlon : BSREP IV FPI Two Holdings (DIFC) has bought a 7.69% stake in Nirlon at an average price of Rs 440 per share, totaling Rs 305.04 crore. Resonance Opportunities Fund, Arial Holdings 1, Ares Diversified, and Albula Investment Fund have sold a 7.1% stake at the same price, with Arial Holdings, Ares Diversified, and Albula Investment Fund exiting Nirlon.

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