Indian equity indices ended the day on a positive note on September 16, with the Nifty closing near 25,400. The Sensex gained 97.84 points, closing at 82,988.78, while the Nifty rose 27.30 points, ending at 25,383.80. Buying across most sectors contributed to the rise, except for the FMCG sector.
Stocks to Watch on September 17
Green:
- Vedanta: The company announced that operations at its alumina refinery remain unaffected despite a water storage breach.
- TVS Motors: Launched the Apache RR 310, priced at ₹2.75 lakh (ex-showroom).
- JK Tyre: The board approved the amalgamation of Cavendish Industries with the company.
- SAMIL: Sources say the company plans to raise up to ₹6,400 crore via QIP, with an issue price between ₹186.3 and ₹193.79 per share.
- Firstsource: Partnered with Microsoft to offer digital transformation services to clients.
- Edelweiss: Edelweiss Employees Welfare Trust sold 27.5 lakh shares via block deals, with WhiteOak as the buyer.
- Carborundum: To acquire a 100% stake in a US-based silicon carbide products company for ₹56 crore.
- Sandur Manganese: The board approved a fund-raising option of up to ₹1,000 crore via QIP.
- Globus Spirits: Entered the luxury segment with the launch of DŌAAB India Craft Whisky.
- Indo Count: The company’s arm acquired an 81% stake in US-based Fluvitex for $19.6 million.
- EMS: To consider raising funds via share and securities issuance on September 19.
- Tarmat: JV won an order worth ₹139.5 crore from Maharashtra State Infrastructure Development Corporation.
Red:
- SpiceJet: Sources say the company plans to raise up to ₹3,000 crore via QIP, with an indicative issue price of ₹61.60 per share.
- India Shelter: Nexus Ventures sold a 6% stake via block deals, with ICICI Pru and SBI Life among the buyers.
- Allcargo Terminals: Reported a 1% decline in August volumes, both year-on-year and month-on-month, at 53.6 thousand TEUs.
- HEG: CFO Gulshan Kumar Sakhuja resigned, effective from September 18.
