Stocks to watch: Shares of firms like Tata Steel, NBCC, SBI, BPCL, Vedanta, SpiceJet, Nazara Tech, and others will be in focus on Thursday’s trade
Stocks To Watch On September 12: Benchmark Sensex reversed its early gains to close lower by 398 points on Wednesday amid weak global trends. In today’s trade, shares of Tata Steel, Arvind Fashions, Route Mobile, Adani Ports, NBCC among others will be in focus due to various news developments.
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Tata Steel: The company has secured a £500 million grant from the UK government for the green steel project at its Port Talbot facility. This funding supports the installation of a state-of-the-art electric arc furnace (EAF) and aims to transition the plant to greener steelmaking.
Adani Ports and Special Economic Zone: APSEZ has signed a concession agreement to develop Berth No. 13 at Deendayal Port, Kandla, Gujarat, through its subsidiary DPA Container and Clean Cargo Terminal Limited (DPACCCTL). The berth, expected to handle multipurpose clean cargo and container cargo, is projected to be operational by FY27.
Bharat Petroleum Corporation: BPCL, through its subsidiary Urja Bharat Pte Limited (UBPL), has been awarded a production concession in Abu Dhabi, covering an area of 6,162 square kilometers and includes conventional oil and gas resources.
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Auto stocks: With the Union Cabinet approving two major schemes, PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE), and PM-eBus Sewa-Payment Security Mechanism (PSM), with a total outlay of Rs 14,335 crore to promote the use of electric vehicles (EVs), including buses, ambulances, and trucks, stocks of auto manufacuring companies will be in focus.
Vedanta: The company has raised $900 million through a US dollar bond issue to prepay existing debt. The bond, issued at a 10.875 per cent coupon rate, was significantly oversubscribed.
SpiceJet: The Delhi High Court upheld the grounding of three leased engines from French lessors Team France 01 SAS and Sunbird France 02 SAS, and ordered their return to the lessors, affecting SpiceJet’s fleet.
Ceat: The company inaugurated a new Truck Bus Radial (TBR) production line at its Chennai plant, which will boost its daily production capacity and enhance its global market presence.
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Engineers India: EIL secured new orders worth Rs 4,681 crore in the first five months of FY2025, marking a 37 per cent increase compared to the previous year.
Nazara Technologies: The gaming company acquired a 15.86 per cent stake in blockchain-based e-sports startup Stan for $2.2 million. The platform focuses on mobile-first fan engagement and digital collectibles.
SBI: State Bank of India, PT Bank KEB Hana Indonesia and Bank SBI Indonesia have signed shareholders’ agreement, which allows Bank KEB Hana Indonesia to invest in 1% shares of Bank SBI Indonesia by way of preference shares.
Arvind Fashions: Goldman Sachs has bought over 13 lakh shares worth Rs 75 crore in Arvind Fashions through block deal
NBCC: NBCC collaborated with MTNL to develop 13.88 acres of land parcel in New Delhi. The project is valued at Rs 1,600 crore.
Route Mobile: Proximus Opal, one of the promoters of Route Mobile, to sell up to 38 lakh shares (6.03% equity) of the company through an offer for sale.
HPCL: The board of HPCL approved Visakh Raipur Pipeline Project Investment. The company will construct a pipeline from Visakh to Raipur and allied facilities including Depot at Kantabanji at an estimated cost of Rs 2212 crore.
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