The national stock market closed higher in the previous session, with the Sensex gaining 173 points to reach 66,118 and Nifty rising 52 points to reach 19,716 on Wednesday. This positive trend has piqued investors’ interest, and here’s a look at some stocks that are likely to continue making news today.
Vedanta shares have grabbed headlines after a Bloomberg report revealed that unit Anil Agrawal was close to finalizing a deal to spin off businesses into several listed entities. The extensive restructuring plan aims to help Agarwal manage his group’s debt load. If successful, this move could have significant implications for the company’s financial stability.
Another company making waves is Nazará Technologies, an online sports platform that has received a Show Cause Notice (SCN) from the Director General of GST Intelligence, Mumbai. The notice claims a tax demand of Rs 2.83 crore. This development raises questions about the company’s financial practices and could impact its reputation in the market.
Oberoi Real Estate has signed an agreement for the redevelopment of a prime land parcel in Tardeo, Mumbai city. Spanning approximately 13,450 square meters, this project presents an exciting opportunity for the Mumbai-based company to expand its presence in one of India’s most lucrative real estate markets.
Online Yatra is another stock worth keeping an eye on as its shares will be listed on the BSE and NSE today. The issue price of the IPO has been fixed at Rs 142 per share. With the allotment of shares already taking place on September 25, investors will be closely watching how this corporate travel services company performs in the market.
Aurobindo Pharmacy subsidiary Auro Vaccines has signed a licensing agreement with Hilleman Laboratories Singapore Pte Limited for manufacturing and marketing a pentavalent vaccine candidate used in childhood vaccination. This partnership opens up new avenues for growth and innovation in the pharmaceutical industry.
Dixon Technologies’ arm, Padget Electronics, has signed an agreement with Xiaomi Technology India for manufacturing smartphones and other related products. This collaboration will take place at Padget’s manufacturing facility in Noida, Uttar Pradesh. The association with a prominent brand like Xiaomi is expected to boost Dixon Technologies’ market presence and revenue potential.
Tata Power Company’s subsidiary, Tata Power Renewable Energy (TPREL), is set to open a 41 MW captive solar plant at Thoothukudi in Tamil Nadu. This plant will support TP Solar’s new 4.3 GW solar cell and module manufacturing facility at Tirunelveli in Tamil Nadu. The move towards renewable energy reflects Tata Group’s commitment to sustainability and contributes to India’s clean energy goals.
Reliance Jio, the telecom arm of Reliance Industries, gained 39.07 lakh wireless subscribers in July 2023, according to data released by TRAI. This significant increase in subscribers highlights the company’s strong market position and growth potential in the telecommunications sector.
Bharti Airtel also experienced growth by adding 15.17 lakh subscribers in July 2023. With a market share of 32.74 percent in the telecom segment, Bharti Airtel continues to be a key player in the industry.
NBCC India, a state-owned construction company, has announced the sale of a commercial space built at the World Trade Center in New Delhi through electronic auction. The area offered for sale is 14.75 lakh square feet with an estimated value of Rs 5,716.43 crore. This auction presents an opportunity for investors looking to acquire prime real estate assets.
The bottom line, these stocks have attracted attention due to various developments within their respective industries or companies themselves. Investors should closely monitor these stocks as they have the potential to impact their portfolios significantly.
According to Business Today sourcethe information provided above has been analyzed and gathered from reliable sources.