Stocks to watch today: Tata Motors, Adani Enterprises, DCW, Delivery and more

Stocks to watch today: The trading session on Tuesday will centre on shares of companies including Delhivery, DreamFolks, L&T, Adani, Tata Motors, and others.

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Despite weakening among its international rivals, the market increased by seven tenths of one percent during the most recent trading session. The run-up involved all sectors, and the broader markets gained traction as well, with the Nifty Midcap 100 index jumping 0.4% and the Smallcap 100 index rising 1.2%. The Nifty50 increased 126 points to 17,666 while the BSE Sensex increased by over 440 points to 59,246.

Stocks to watch today:

DreamFolks Services: On September 6, DreamFolks Services will make its formal debut on the stock exchanges. The share price for the offering has been set at Rs 326.

Tata Motors: The medium and heavy commercial (M&HCV) vehicle segment’s first CNG truck was introduced in India by the Tata Group firm in the 28- and 19-tonne nodes. The CNG variants include a modular construction, a range of up to 1,000 km, and a 5.7-litre SGI engine with a maximum output of 180 horsepower and 650 Nm of torque.

Adani Enterprises: In order to further his mergers and acquisitions (M&A) strategy, Gautam Adani is looking for a new head. According to insiders, Vinod Bahety, who has been in charge of Adani Enterprises’ M&A activity, may soon transition to a different industry.

Commercial Syn Bags: The company’s board of directors has declared a dividend at Rs 2.10 per share, therefore the stock will be under close scrutiny. The company’s 1.27 crore equity shareholders and all 6,07,500 warrant holders who have warrants that are convertible into equity shares will receive the dividend. The 23rd of September has been established as the record date for the payment of the dividend.

DCW: Out of 35,000 NCDs, the corporation has paid for the early partial redemption of 900 NCDs with a face value of Rs 1 lakh apiece.

Narayana Hrudayalaya: The stock would be in focus since it has agreed to subscribe to the optionally convertible debentures with Shiva & Shiva Orthopaedic Hospital Private Limited and its promoters (OCDs). The value of these OCDs is Rs. 80 crore. This will allow the business to purchase the Sparsh Hosur Road unit of Shiva’s Orthopedic and Trauma Hospital, which is located on the Narayana Health City campus in Bengaluru. After the terms of the agreement are met, Narayana Hrudayalaya will subscribe to the OCDs; the closure date is anticipated to be on or before December 31, 2022.

Delhivery: On September 1, SBI Mutual Fund purchased more than 1.07 lakh equity shares in the business through open market transactions. This resulted in an increase in its ownership interest in the company from 4.98 to 5%.