On Thursday, strong global cues would likely lead to higher openings for the Sensex and Nifty indices. The Nifty50 dropped 149 points to 16,859 while the BSE Sensex slid 509 points to 56,598.
All Asian stock indices advanced globally this morning, while US markets made a solid recovery overnight, climbing up to 2%.
Here are some stocks to watch out for in trade today:
Zomato: The food aggregator has expanded its Intercity Legends service to Bangalore after launching it as a prototype in South Delhi and Gurugram a few weeks ago. Zomato is also certain that the service will turn a profit as it expands.
Hindustan Copper: On Wednesday, the company’s shareholders voted a 23.2% dividend for the fiscal year that ended in March 2022. The 55th Annual General Meeting approved a total dividend payout for the company of Rs. 112.17 crore.
Krsnaa Diagnostics: Krsnaa Diagnostics, a business-to-business (B2B) and public-private partnership (PPP) player with its headquarters in Pune, is getting ready to expand into the business-to-consumer (B2C) market with a network of 600 diagnostic centres across the nation. Analysts believe that Krsnaa’s entry into the B2C market will disrupt the competitive landscape for pricing.
Patanjali Foods: The firm stated in a presentation on exchanges that it wants to launch new items with high profitability and high growth in addition to developing a strong distribution-led export portfolio of fast-moving consumer goods and fast-moving health goods.
Nykaa: On October 3, the company’s board of directors will meet to discuss and authorise the issuance of bonus shares.
Ramco Cements: In Andhra Pradesh’s Kolumigundla, the business has opened its fifth cement facility. 2.25 million tonnes of clinker may be produced annually at the plant. The plant’s construction cost is Rs 3,000 crore.
Blue Dart Express: The company reported a 9.6% increase in average shipment prices for 2023 compared to 2022. On January 1, 2023, the general price hike will go into effect.
Supriya Lifescience: The organisation has obtained a Certification of Suitability (CEP) from the European Directorate for the Quality of Medicines and Healthcare for Diphenhydramine hydrochloride, an API used in antihistamine therapy (EDQM).
Anupam Rasayan India: Following the clearance of the preliminary placement document, the business started its qualified institutional placement issue on September 28. The share’s floor price has been set at Rs. 762.88. It can provide a floor price discount of up to 5%.
BHEL: Through international competitive bidding, the company was awarded the contract for constructing the 2×660 MW Talcher Thermal Power Project Stage-lll in Odisha. The project is situated in Odisha’s Talcher neighbourhood in Angul.
Genesys Interational: Bentley Systems and Genesys International worked together to develop 3D mapping capabilities for important Indian towns.
Intellect Design Arena: CRISIL has raised the Long Term Rating for Intellect Design Arena from CRISIL A/Stable to CRISIL A+/Stable.
RDB Realty and Infra: The business has purchased all of the stock stakes in RDB Real Estate Construction. RDB Real Estate Construction is now a fully owned subsidiary of the business in light of the aforementioned.
Essar Shipping: The business announced that Vipin Jain has been appointed as the organization’s Chief Financial Officer with the Board of Directors’ approval. Beginning on October 1, 2022, the appointment will take effect. Due to personal obligations, Ranjit Singh has chosen to resign from the position of chief executive officer.
Torrent Pharma: From September 19 to September 28, the US FDA investigated the company’s Indrad, Gujarat, production facility and issued a “Form 483” with three observations. These observations have nothing to do with the accuracy of the data.
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