Stocks to Watch: Dalal Street is expected to make the beginning of a bearish gap on Friday, ahead of the Reserve Bank of India’s (RBI) announcement on interest rate hikes. SGX Nifty futures were down 0.2 percent or 33 points to 16,779 at last count. Shares of Adani Port, Hero MotoCorp, Rail Vikas Nigam, and Adani Power among others will be in focus today. Here are the top stocks to watch out for in trade on September 30 –
Adani Ports and Special Economic Zones Ltd | The company has incorporated a wholly owned subsidiary Adani Aviation Fuels Ltd with an initial authorized share capital of Rs 5,00,000 and a paid-up share capital of Rs 5,00,000 each to carry on the business of aviation sourcing, transportation, supply and trading. fuel related, building, developing, managing, maintaining, building, equipping, procurement of infrastructure related business within and outside India. AAFL will start its business operations in the near future.
Hero MotoCorp Ltd | The two-wheeler will invest $60 million (around Rs 490 crore) in US-based Zero Motorcycles to jointly develop electric motorcycles. The company is finalizing a collaboration agreement with a California-based manufacturer of premium electric motorcycles and powertrains.
Rail Vikas Nigam Ltd | The company has been awarded the contract for the construction of a four-lane expressway from Samarlakota to Achapeta Junction (12.25 km long) by the National Highways Authority of India (NHAI) as part of the Kakinada port to NH – 16 link in Andhra Pradesh under Bharatmala Pariyojana on EPC mode at a total cost of Rs 408 crore.
Adani Power Ltd | The Competition Commission of India (CCI) has approved the acquisition of the share capital of Diliigen Power and DB Power by the company.
Bajaj Electricals Ltd | The company has received orders from Power Grid Corporation of India for supply of goods/services under ‘Transmission line Tower Package TW04’ aggregating to 332.6 crore under the company’s EPC business.
GMM Pfaudler Ltd | The company has consolidated the Pfaudler International business by completing the acquisition of the remaining 46 percent stake in the existing overseas subsidiaries, Pfaudler International and Millars Concrete Technologies Private Ltd.
Punjab National Bank | The bank’s board has decided to sell the entire stake in M/s Asset Reconstruction Company (India) Ltd (ARCIL).
Lumax Industries Ltd | The company, in equity partnership with Stanley Electric Co, Japan, has inaugurated an advanced lighting technical center in the Czech Republic, through its wholly owned subsidiary Lumax Industries Czech. This is the company’s first technology center in Europe.
The Karnataka Bank Ltd | The private lender has opened an Analytics Center of Excellence in Electronic City, Bengaluru. The center, developed in collaboration with M/s Ernst and Young (EY) as a project partner, will help accelerate the incubation of AI/ML models and their integration into businesses on scalable analytics data platforms.
Ircon International Ltd | The public sector enterprise company has completed the commissioning of the Hajipur-Bachhwara doubling work along the 72 km route including electrification.