Stocks to watch today – 1st October, 2024
Green Zone
- Mahindra & Mahindra (M&M): Reported a 16% increase in September auto sales, with tractor sales up by 2% YoY.
- NTPC: Signed a Memorandum of Understanding (MoU) with the Government of Rajasthan to develop 25 GW of renewable energy projects.
- Tata Power: Entered an MoU with the Rajasthan government for a commitment capex of ₹1.2 lakh crore.
- Airlines Sector: Aviation turbine fuel (ATF) prices have been cut by 6%, bringing prices to a 6-month low.
- Piramal Pharma: Announced an $80 million expansion plan for its sterile injectables unit in Kentucky.
- Bank of Maharashtra: Launched a Qualified Institutional Placement (QIP) for up to ₹3,500 crore with an indicative price of ₹57.20 per share.
- IREDA: Q2 saw sanctions increase by 303% and disbursements up by 56% YoY.
- India Glycols: Expanded capacity for distillery, ethanol, and chemical units.
- Kalpataru Projects: Secured new orders worth ₹1,241 crore.
- Blue Dart: Announced a price hike of 9-12%, effective from January 1, 2025.
- NHPC: Signed an MoU with the Rajasthan government, with estimated investments of ₹50,000 crore.
- Adani Power: Reached an agreement with North Maharashtra Power to acquire 500 MW of Adani Dahanu Thermal.
- SpiceJet: Plutus Wealth Management acquired 85 lakh shares at ₹59.95 per share.
Red Zone
- Gold Financiers: The Reserve Bank of India (RBI) found irregular practices in gold loans and has directed companies to review their policies.
On September 30, Indian equity indices closed on a weak note. The Nifty ended below 25,850, with the Sensex down by 1,272.07 points, or 1.49%, closing at 84,299.78. The Nifty dropped by 368.20 points, or 1.41%, to settle at 25,810.80.
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