The Indian stock market is poised for an eventful day as several companies make headlines with significant developments. From sales figures to acquisitions and regulatory changes, here’s a quick rundown of the stocks likely to see action today.
Green (Positive News)
- Maruti: August sales in-line at 1.82 lakh units, up 1% MoM.
- TVS Motor: Total August sales up 13% YoY, growth in all segments except 3-wheelers.
- Hero Moto: August sales slightly higher than estimates at 5.12 lakh units.
- NHPC: Government grants Navratna status.
- SJVN: Elevated to Navratna status by government.
- SECI: Receives Navratna status from government.
- RailTel: Awarded Navratna status by government.
- UltraTech: Unsecured creditors approve Kesoram Industries acquisition.
- Century Text: Arm to co-develop 131 acres in Noida with LGCPL.
- Emami: Acquires remaining 49.60% stake in Helios Lifestyle.
- NBCC: Approves bonus issue of 1:2 ratio.
- IndiGo: Benefits from OMCs cutting ATF prices.
- Gujarat Gas: Announces merger with GSPC, GSPL & GSPEL.
- GSPL: To merge with Gujarat Gas along with GSPC & GSPEL.
- Biocon: Receives US FDA nod for Valsartan Tablets and EIR for Vizag facility.
- Fortis Health: Acquires PE investors’ stake in Agilus Diagnostics.
- Godrej Properties: Highest bidder for Gurugram plots, ₹3,400 Cr potential revenue.
- Indian Hume: Secures ₹859 Cr LoI from Tapi Irrigation Development Corp.
- RITES: Lowest bidder for ₹224.3 Cr Tanzania Railways Corp project.
- OIL: Signs agreement with IGGL for natural gas fields connection.
- 63moons & NSEL: Consider one-time settlement in default case.
- GPT Infra: Lowest bidder for ₹204 Cr Kolkata Railways project.
- Insecticides: Announces buyback of 5 lakh shares at ₹1,000/share.
- Sandur: Obtains environmental clearance for Ramghad mines.
Red (Potentially Negative News)
- Eicher: Royal Enfield sales meet muted estimates.
- HDFC Life: Receives ₹277 Cr tax demand for FY2019-2020.
- Dr. Reddy’s Labs (DRL): China suspends Atomoxetine Capsules sale.
- MOIL: Cuts Manganese Ore & Fines prices by up to 20%.
As the market opens, these stocks are likely to see significant attention from traders and investors. While many companies are riding on positive news, it’s crucial for investors to conduct thorough research and consider their risk appetite before making any investment decisions. As always, market conditions can change rapidly, and today’s highlights may influence trading patterns throughout the day.
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