As investors prepare for another day of trading, several stocks are drawing attention due to recent developments. Here’s a roundup of the key players to keep an eye on:
In the green corner, oil giants ONGC and OIL are set to benefit from a significant reduction in windfall tax on crude, cut to ₹2,100 from ₹4,600 per tonne. This move is expected to boost their profitability in the coming quarter.
Escorts Kubota has announced ambitious plans to invest ₹4,500 crore in setting up a new green field facility in Uttar Pradesh, signaling potential growth and expansion.
Rail companies are poised for a surge as the Cabinet approves Metro Rail projects worth ₹32,000 crore, likely to drive demand in the sector.
Banking majors SBI and PNB received a temporary reprieve as Karnataka put a circular prohibiting dealings with banks on hold for two weeks, alleviating immediate regulatory pressures.
GMR Airports reported positive growth, with July passenger traffic up 7.7% and international passenger traffic rising 9% year-over-year, indicating a robust recovery in the aviation sector.
Electronics Mart saw significant insider movement as promoters sold 7.8% via block deals, with SBI Mutual Fund emerging as one of the buyers, potentially signaling institutional confidence in the company.
Ambuja Cement completed its acquisition of Penna Cement Industries, strengthening its market position in the construction materials sector.
The cement industry is buzzing with JSW Cement’s ₹4,000 crore IPO filing, which could impact related stocks like Shiva Cement and JSL.
KPI Green successfully raised ₹1,000 crore through a Qualified Institutional Placement (QIP) at an issue price of ₹935 per share, indicating strong investor interest.
Techno Electric formed a strategic partnership with IndiGrid for developing two greenfield interstate transmission projects, potentially opening new revenue streams.
Caplin Point received a boost as the Brazilian regulator issued no observations for its manufacturing facility in Tamil Nadu, paving the way for expansion in the Latin American market.
DCX Systems secured orders worth ₹107 crore from domestic and overseas customers, suggesting a healthy order book and potential revenue growth.
On the red side, Maruti Suzuki warned investors of a one-time impact of ₹850 crore on Q2 profit due to an increase in provisions, which may lead to short-term pressure on the stock.
As always, investors are advised to conduct their own research and consult financial advisors before making investment decisions based on these developments.
