The stock market is witnessing significant movement today with several key companies grabbing attention due to corporate developments, regulatory updates, and investor actions. Stocks in sectors ranging from energy and financial services to pharma and real estate are expected to be highly active.
These are stocks to watch today during Stock Market live session, Sept 20, 2024:
NTPC Stock News:
NTPC’s board has given the green light to two investment proposals worth ₹21,104 crore for thermal power projects. This marks a significant step in NTPC’s efforts to expand its energy generation portfolio.
Tata Power Stock News:
Tata Power is moving forward with arbitration against Adaro over counterclaims related to a coal supply agreement. This legal action could have implications for its future coal procurement and supply operations.
Reliance Infrastructure Stock News:
Reliance Infrastructure’s board has approved plans to raise up to ₹6,000 crore through Qualified Institutional Placement (QIP) and preferential issues. This move aims to strengthen the company’s financial position and fund its growth initiatives.
IIFL Finance Stock News:
IIFL Finance received a positive development as the Reserve Bank of India lifted restrictions on its gold loan business. This is a significant win for the company, enhancing its ability to expand in this segment.
IDFC First Bank Stock News:
IDFC First Bank has secured the RBI’s approval to reappoint V. Vaidyanathan as Managing Director and CEO for three more years. This stability in leadership is expected to provide a boost to investor confidence and strengthen the bank’s long-term strategy.
Zydus Life and Lupin Stock News:
Both Zydus Life and Lupin remain in focus as pharmaceutical stocks with potential regulatory and market developments that could impact their stock performance.
BEL and HUDCO Stock News:
Bharat Electronics Ltd (BEL) and HUDCO, in the defense and housing infrastructure sectors respectively, are being watched closely as developments in government contracts could influence their market performance.
Prestige and Phoenix Mills Stock News:
Phoenix Mills’ subsidiary has emerged as the highest bidder for two plots in Mohali, with a bid value of ₹891 crore. Both Phoenix Mills and Prestige are benefiting from increased demand in the real estate sector.
AU Small Finance Bank Stock News:
AU Small Finance Bank has partnered with Niva Bupa Health Insurance to offer health insurance products, broadening its service portfolio and potentially attracting a larger customer base.
SBI, PNB, Canara Bank, and IDBI Stock News:
Public sector banks including SBI, PNB, Canara Bank, and IDBI are in focus due to overall positive sentiment around banking stocks as they continue to benefit from various government schemes and regulatory support.
Vodafone Idea and Indus Towers Stock News:
Telecom stocks Vodafone Idea and Indus Towers are being closely monitored as the sector remains volatile with ongoing reforms and competition.
JSW Steel and Jindal Steel Stock News:
The steel sector stocks JSW Steel and Jindal Steel continue to attract attention as market fluctuations in demand and commodity prices play a key role in their performance.
Hindalco Stock News:
Hindalco remains a significant player in the metals sector. Investors are watching for updates related to commodity price changes and market dynamics.
SAIL and Tata Steel Stock News:
Steel stocks like SAIL and Tata Steel continue to see movement based on industry demand and supply factors, making them stocks to watch closely today.
Whirlpool Stock News:
Whirlpool is gaining attention in the consumer durables space, particularly ahead of the festive season, which traditionally drives demand for consumer goods.
Vedanta Stock News:
Vedanta’s parent company, VRL Resources, has raised $900 million in debt from Citicorp International. This large-scale borrowing could impact Vedanta’s financial health and investor sentiment.
Tata Power Stock News:
Tata Power’s decision to move forward with arbitration against Adaro over coal supply agreement claims might lead to prolonged legal proceedings, potentially affecting its coal supply chain.
KEC International Stock News:
CARE Ratings has downgraded KEC International’s ratings on various bank facilities, raising concerns about its financial health and potentially pressuring the stock.
VST Industries Stock News:
Notable investor Radhakishan Damani sold 1 lakh shares of VST Industries through block deals, a move that might cause some negative pressure on the stock today.
As these developments unfold, the stock market is expected to experience volatility, with both positive and negative updates influencing investor sentiment. While stocks like NTPC and IIFL Finance have strong growth prospects, companies like Vedanta and KEC International may face challenges. Investors are advised to keep a close watch on these stocks throughout the trading day.
