Here’s a quick look at stocks likely to be in focus in today’s trade.
Interglobe Aviation, Max Healthcare
India’s largest airline and a leading healthcare services provider are set to be added to the Nifty 50 index at the end of September as part of the semi-annual index reshuffle.
IndusInd Bank, Hero Motocorp
The private lender and the two-wheeler major are set to be removed from the Nifty 50 index as part of the bi-annual reshuffle, effective from the end of September.
MCX, Indian Overseas Bank, JK Cement, Hexaware Technologies, Cholamandalam Financial Services
Shares of MCX, Indian Overseas Bank, JK Cement, Hexaware Technologies, Cholamandalam Financial Services will remain in focus as the companies will be included in FTSE All World Rejig from Sep 22.
Indian Hotels
Indian Hotels Company (IHCL) plans to pursue strategic acquisitions to strengthen its footprint in current markets and venture into select destinations across Europe and Southeast Asia, according to CEO and MD Puneet Chhatwal.
Yes Bank
YES Bank announced that the Reserve Bank of India (RBI) has granted approval to Sumitomo Mitsui Banking Corporation (SMBC) to acquire up to 24.99% of its paid-up share capital and voting rights.
JSW Steel
The company has received a ₹1,472.69 crore demand notice from the Odisha govt for shortfall in despatch at its Jajang iron ore block in Keonjhar, covering June 2024–June 2025.
RailTel Corp
The company has bagged a ₹13 crore project management consultancy (PMC) contract from the Rajasthan Skill & Livelihoods Development Corporation.
GMR Power & Infra
The company’s board has approved a plan to raise up to ₹3,000 crore through securities, pending necessary approvals. It has also sanctioned the re-appointment of three independent directors for another five-year term.
Brigade Enterprises
The real estate company has secured a lease for a seven-acre plot on Chennai’s Old Mahabalipuram Road (OMR) to develop a mixed-use project that will include more than 1 million sq ft of grade-A office space along with a 225-room five-star hotel.
TVS Motor
The automobile company has given its approval for Venu Srinivasan to be reappointed as a Director on its board.
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
