Stocks to watch: In the stock market on Wednesday, September 10, investors will keep an eye on many big companies, where strong earnings can be made. This list includes companies in insurance, auto, renewable energy, healthcare and pharma sector. Some companies have made announcements such as investment, export order and offer for sale. At the same time, some are facing regulatory updates.
Many insurance companies released data for the month of August. The premium of ICICI Lombard rose 2.1% to Rs 2,182 crore on an annual basis. New India Assurance increased by 8.7% to Rs 2,197 crore, Star Health increased by 1.9% to Rs 1,426 crore and Go Digit General reached 13.6% to Rs 738 crore. The premium of Bajaj Allianz Life increased by 18.8% to Rs 2,036 crore.
Sumitomo Mitsui can sell a share of up to 1.65% stake through block deals in Mitsui Banking Corporation. According to sources, the estimated size of the offer is Rs 6,166 crore and the floor price has been fixed at Rs 1,880 per share, which is at 4.1% discount.
Telecom company Vodafone Idea has filed a new petition in the Supreme Court in the AGR case. In this, permission has been sought to reconcile AGR dues again. Also, the company has demanded an early hearing of the petition.
After the announcement of GST cut, Bajaj Auto has decided to benefit customers. The company said that from September 22, there will be a discount of up to Rs 20,000 on 2-wheelers and Rs 24,000 on 3-wheeler.
Renewable Energy Company has received a letter of Rs 415 crore for the Balance-of-System (BOS) EPC package of 300 MW AC in Rajasthan (LOA).
Heg Limited Unit LNJ Bhilwara Group has purchased 49% stake in Malana Power Company Limited. Company shares on Tuesday 1.51% gained 498.50 Closed at Rs.
The company has launched the Offer for Sale (OFS) to raise Rs 400 crore. Promoter Akshay Arora can sell stake in this. The base size has been fixed at Rs 400 crore. The floor price is Rs 675, which is at 7.6% discount.
Mamta Machinery has received an export order of $ 11.7 million to build a 9-layer blown film plant. The company’s shares closed at Rs 412.00 with a gain of 2.72% on Tuesday.
The company has invested Rs 115 crore in the Renewable Energy Unit First Energy Private Limited (FEPL). FEPL works in renewable energy and gives customers green energy solutions such as solar, wind, hybrid and storage batteries.
Samvardhana Motherson has purchased the remaining 25% stake in its two Turkish subsidiaries- SMR Plast Met Molds and Tools Turkey and SMR Plast Met Automotive Tea TEC TURKEY. The deal was done through the company’s 100% assistant MOTERSON SAS Turkey.
Bikaji Foods issued an explanation that joining Rajasthan Premier League Limited is limited to sponsorship only. Payments are available in details documents and will be presented in front of ED if needed.
Data Center Stocks: Data center market will be four times by 2030, keep an eye on these 5 stocks
Sun Pharma’s Halol Facility in Gujarat has been classified by US FDA under ‘Official Action Indicated’ (OAI). This facility is already in import alert. Shipments sent to America will still be banned, except the shortage of products which are relaxed.
The board of ICICI Prudential Life Insurance will meet on September 12. It will be considered redeeming the ₹ 12 billion unseeded subordinated NCDs released in November 2020.
Disclaimer: Here information provided is being given only for information. It is necessary to mention here that the investment market in the market is subject to risks. Always consult experts before investing money as an investor. There is never advice to anyone to invest money on behalf of Moneycontrol.