New Delhi: Indian indices closed lower on Tuesday after selling in IT stocks intensified, following a longstanding bull run backed by expectations of a rate cut by the US Federal Reserve during its meeting later in September 2024. The Sensex closed 4.40 points lower at 82,555.44, while the Nifty was up 1.15 points at 25,279.85. Here are stocks that are likely to remain in focus on Wednesday, September 4, 2024:
AU Small Finance Bank: The lender has applied to the Reserve Bank of India for a universal banking licence, according to a regulatory filing.
Brigade Enterprises: The real estate giant on Tuesday launched its QIP to raise funds worth Rs 1,500 crore at a floor price of Rs 1,164.70 per share.
Cipla: The pharma company reported a leadership change with M K Hameid stepping down as vice chairman citing health reasons and Kamil Hameid joining the company’s board as a non-executive director.
Coffee Day Enterprises: The company’s store count to 450 during the previous fiscal year even as its vending machine count rose over 52 per cent last year, the company said in a regulatory filing.
GIC Re: The Centre will open its offer for the sale of shares equalling a 6.78 per cent stake in the reinsurance giant on Wednesday.
Godfrey Phillips India: The cigarette manufacturer has reportedly finalised a plan to sell its 24Seven retail chain business.
GSK Pharma: The pharma giant reported that it had received a significant tax refund amounting to Rs 222.23 crore for AY2022-23 after a favourable Income Tax order.
Mahindra Group: The company unveiled its plans for its two-wheeler division while launching the Jawa 42 FJ motorcycle. The Group plans to create an Indian global 2-wheeler company, said Group chairman Anand Mahindra.
MOIL: The state-owned miner reported a 7 per cent rise in said its manganese ore production to 7.24 lakh tonnes during April-August 2024.
NHPC: The company has reportedly revised its agreement with the Maharashtra state government to set up 4 pumped storage projects in the state with a total capacity of 7,350 MW.
Raymond: The company’s unit Raymond Lifestyle will be listed on the exchanges on September 5, according to an exchange filing. The new vertical will open 900 new stores in the coming 3 years, it added.
SpiceJet: SpiceJet has been asked to clear dues by Delhi airport operator DIAL, according to people familiar with the matter. However, the airline stated that it was well-capitalised to meet payment obligations.
(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 AU Small Finance Bank to GIC Re, here are stocks that are likely to remain in focus on September 4, 2024. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
