Stocks to watch: Shares of firms like Adani Ent, Adani Ports, HDFC Bank, Coffee Day, IRCTC, Oil India, and others will be in focus on Monday’s trade.
Stocks to Watch on September 11: GIFT Nifty on the NSE IX traded 14 points, or 0.07 per cent, lower at 19,925, signaling that Dalal Street was headed for negative start on Monday. Here’s a slew of stocks that will be in focus today for various reasons.
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HDFC Bank: Analysts expect the stock to see massive inflows of up to $600 million from passive trackers this week owing to the index rebalancing in the BSE Sensex and inclusion in the FTSE indices.
Torrent Pharma, Cipla: Promoters of Torrent Group are likely to raise funds by pledging a stake in the power arm in their bid to acquire Cipla.
Adani Group: The Gautam Adani-led group has hiked stake in Adani Enterprises to 71.93 per cent from 69.87 per cent, and in Adani Ports to 65.23 per cent from 63.06 per cent, BSE data shows.
Grasim: The textile division of Grasim plans to expand its footprint in smaller cities and towns by opening around 100-120 retail stores over the next couple of years.
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Balrampur Chini: Vivek Saraogi, chairman and managing director, of the company said, they stand to gain solidly amid high sugar prices and lower surplus in the country as it derives more volume from Uttar Pradesh.
IRB Infra: The company collected total toll revenue of Rs 417.21 crore in August 2023, up 24.2 per cent when compared with Rs 335.99 crore in August 2022.
Natco Pharma: The company and few other drug makers have been named defendants in an antitrust lawsuit regarding a generic cancer treatment drug in the US.
Oil India: The state-run firm plans to invest $2 billion in projects and aims to achieve net zero goal by 2040.
SJVN: The company’s Green Energy arm signed a power purchase agreement for 25 years with Bhakra Beas Management Board for an 18 MW solar power project in Himachal Pradesh and Punjab.
Coffee Day Enterprises: An application has been filed against the company under Insolvency and Bankruptcy Code. The company said it is seeking appropriate legal advice and will take all appropriate steps to protect its interest.
IRCTC: IRCTC will arrange catering facilities in all trains booked on full tariffs.
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