New Delhi: Indian indices closed in red on Wednesday after the Sensex ended 202.80 points lower at 82,352.64, while the Nifty closed 81.15 points lower at 25,198.70. From GIC Re to UPL, here are stocks that are likely to remain in focus on Thursday, September 5, 2024.
GIC Re: The Centre has decided to exercise the green shoe option in GIC’s offer for sale after receiving bids worth RS 2,300 crore from institutional investors for its 3.39 per cent stake sale.
Lupin: The pharma company said it had launched a generic version of Mirabegron tablets that are used to treat overactive bladder, after receiving the US FDA’s nod.
Minda Corp: The company has inked an agreement with China-based Sanco with an eye on the EV market. Minda Corp plans to offer electrical distribution systems solutions for EVs.
PNB Housing Finance: The company’s board will meet on September 9, 2024, to decided on a plan to raise Rs 2,500 crore via non-convertible debentures on a private placement basis.
Rama Steel Tubes: The company’s stock is expected to remain in focus for the second straight day after it announced a collaboration with Onix Renewable, according to an exchange filing.
Reliance Industries: The company’s bid for a 10 GWh battery manufacturing facility under the Centre’s PLI scheme emerged as the winner among 7 bidders.
RITES: The company has inked an agreement with NBCC for consultation services over a range of projects.
Sona BLW: The company announced plans to raise Rs 2,400 crore via the QIP route with a floor price of Rs 675-700 apiece. The company is also in talks with Escorts Kubota for the acquisition of the latter’s railways business, CNBCTV18 reported.
Shilpa Medicare: The company submitted a new drug application to US drug regulator, the USFDA. The drug is meant to cure kidney disease.
Suzlon: The renewable energy company liquidated assets to raise Rs 440 crore to sell its One Earth property to OE Business Park. The property will then be leased back to Suzlon for a 5-year period.
UPL: The company’s board agreed to give in-principle approval for the sale of its stake in Advanta for fundraising.
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Stocks in NEws TOday: From GIC Re to UPL, here are stocks that are likely to remain in focus on Thursday, September 4, 2024. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
