Stocks to watch: On Thursday, September 4, investors will keep an eye on stocks of many legendary companies in the stock market. The latest announcements of these companies connected with different sectors and deals can decide the market direction. These include decisions such as new orders, block deals, fees hike and share purchase. Know which 10 stocks will have the highest focus in Thursday’s trading session.
Railway Corporation, a government company in the railway sector, has received an order of Rs 14.94 crore from the Ministry of Home Affairs. Under this, an IP-based CCTV system will be installed in the ministry. This project is to be completed by 1 September 2030 and has been given by the Secretariat Security Organization of the Ministry of Order.
Food delivery platform Swiggy has increased the platform fee to Rs 15 per order. This is the third time in the last three weeks and the biggest ever. The company is preparing to increase its income in view of the demand for the festive season.
Varun Beverages have said that it will buy a maximum of 26% stake in Jager Renewables Two Pvt Ltd. This investment will be made for captive solar power supply in Rajasthan.
CLN Energy received an international supply order of US $ 18 lakh (about Rs 15.91 crore) from a Hong Kong -based multinational company.
Sharika Enterprises received a repeat order from JSW Steel. This work is for 220 KV cable installation at the Dolvi plant in Maharashtra.
Aptus Value is expected to have a block deal of Rs 2,600 crore. According to sources, Westbridge can sell its 16.46% stake through this block deal. The floor price for the deal can be fixed at Rs 316 per share.
BHEL has received a big order of Rs 2,600 crore from MB Power. This order is for the 800 MW power project, under which the company will supply boilers and turbine generators in Madhya Pradesh.
Present Estates Projects
Realty Company Postiz Estates Projects Limited said that its subsidiary Prestige Office Ventures received a show-cose notice from GST Intelligence (DGGI) Hyderabad. It has been sent under CGST Act 2017, Telangana GST Act 2017 and IGST Act 2017.
Poly Medicare Limited (Polyimed) has signed definative agreement to purchase a 90% stake in the Netherlands’s Pendracare Group. Its enterprise value is ₹ 188.5 crore (18.3 million euros). The remaining 10% stake will be purchased in 2030.
The debenture issue and allotment committee of Micro lender Muthoot Microfin Limited has approved the release of non-convertible debentures (NCDs) of up to Rs 150 crore on the $ 15 million issue of Bonds and Rs 150 crore on the private placement basis.
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