New Delhi: Indian indices closed lower after a volatile trading session on Wednesday with the Sensex ending 398 points lower at 81,523.16, and the Nifty down 122.65 points to 24,918.45. This was in line with the trend exhibited by Asian peers amid concerns around China’s economy as well as a slippage in crude oil prices below the $70 per barrel mark for the first time since December 2021. Her are stocks that are likely to remain in focus on Thursday, September 12, 2024:
Arvind Fashions: US-based Goldman Sachs as well as India-based ICICI Prudential Life Insurance and Mahindra Manulife mutual fund purchased stakes in fashion retailer Arvind Fashions via open market transactions. The total size of the purchase was valued at Rs 381 crore. While Goldman Sachs bought 10.06 lakh shares, ICICI Pru bought a 3.26 per cent stake and in Mahindra Manulife MF purchased a 0.96 per cent stake in Arvind Fashions, according to NSE data.
Adani Ports: The comoany on Wednesday inked a concession agreement with the DPA for the development of Berth No 13 at Gujarat’s Deendayal Port in Kandla. DPA Container and Clean Cargo Terminal is a wholly owned unit of Adani Ports and is tasked with the berth’s operations, according to an official statement.
BEL: The company received orders worth Rs 1,155 crore. Cochin Shipyard ordered a multifunction radar from the company in a deal valued at Rs 850 crore apart from other orders valued at RS 305 crore.
CEAT: The tyre maker announced the commissioning of a fresh line to produce truck and bus radials at its Chennai factory with a daily output capacity of 1,500 tyres, the company said.
HPCL: The oil marketing company gave its nod for the construction of an oil pipeline between Visakhapatnam in Telangana and Raipur in Chhattisgarh.
Infosys: The IT giant’s co-founder and ex-CEO S D Shibulal’s family members sold a part of their stake in Infosys on the stock exchange.
JSW Infra: The company clarified on media reports of a Rs 5,000 crore QIP fundraise stating that no such discussions were on as of now.
Shyam Metalics: The company said it was eyeing revenue worth Rs 40,000 crore by FY29 based on substantial growth, according to an exchange filing.
SpiceJet: The Delhi high court refused to throw away an order for the grounding of three jet engines over non-payment of dues to 2 lessors based in France. The court asked the company to settle directly with the lessors.
Strides Pharma: The company informed the exchanges that it had received the approval from shareholders apart from having secured funds for the incorporation of its specialty pharma unit creation of OneSource
Tata Motors: The company’s stock looked set for the longest losing streak in 16 years, NDTV Profit reported. The company’s stock was in red after UBS downgraded the stock to Sell.
Tata Steel: The company inked an agreement for “improved” grant funding worth 500 million pound agreement with the UK government. This is expected to support the steel major’s green transition.
Vedanta: The commodities giant’s parent company said it ha d raised $900 million via dollar bond issuance aimed at bond repayments.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
Stocks in News Today: From Adani Ports to Vedanta, here are stocks that are likely to remain in focus today on September 12, 2024. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
