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Stock Market Update: Key Developments to Note
Let’s delve into the recent happenings within the stock market. Major investments, significant transactions, and noteworthy acquisitions have arisen. Here’s a comprehensive overview of stocks capturing attention in today’s trading session:
Results Announced Today
- Vikran Engineering
- Eros International Media
Stocks to Monitor
- Lupin: The US Food and Drug Administration (FDA) conducted a specific Pre-Approval Inspection at Lupin’s Pune Biotech facility from September 8 to 19. The inspection concluded with four observations made by the FDA.
- Amber Enterprises India: Its subsidiary, IL JIN Electronics (India), has successfully acquired a complete equity stake in ILJIN Holding, an Israeli company, from Gary Sussman, the current shareholder. This acquisition positions ILJIN Holding as a wholly owned subsidiary of ILJIN.
- RailTel Corporation of India: Secured a work order valued at Rs 18.06 crore from Dredging Corporation of India for providing seamless offshore internet services for its vessels.
- PNC Infratech: Awarded a Letter of Acceptance (LOA) for a Rs 495.54 crore project by Bihar State Road Development Corporation, aimed at constructing a high-level bridge and approach road along the Hathouri-Atrar-Bavangama-Aurai route in Bihar.
- Netweb Technologies India: Received an order worth Rs 450 crore for the provision of Tyrone AI GPU-accelerated systems.
- Brigade Enterprises: Creative Director Shruti Pai at Manipal Education and Medical Group International invested Rs 126 crore in the Brigade Twin Towers project in Bengaluru.
- Power Grid Corporation of India: Awarded the contract for establishing an interstate transmission system in Madhya Pradesh, facilitating renewable energy integration.
- Hariom Pipe Industries: Entered into a Memorandum of Understanding with the Maharashtra Government for an integrated steel plant in Gadchiroli, supported by a Rs 3,135 crore investment.
- Shipping Corporation of India: Formed an MoU with Bharat Petroleum, Hindustan Petroleum, and Indian Oil to jointly manage and operate vessels for domestic and international petroleum transport.
- Garden Reach Shipbuilders & Engineers: Signed five MoUs with strategic partners in shipbuilding and infrastructure to co-develop varied projects, including green tug construction and enhanced port facilities.
Additionally, a contract was signed with Carsten Rehder Schiffsmakler in Hamburg for four hybrid vessels worth $62.44 million. - Swan Defence and Heavy Industries: Established a strategic MoU with Gujarat Maritime Board, allocating Rs 4,250 crore for three pivotal projects at the Pipavav Port shipyard.
- Redington: Its step-down subsidiary, Arena Bilgisayar, finalized an agreement valued at approximately $8 million with Datagate Bilgisayar for a device distribution arrangement.
- Godrej Consumer Products: Invested $85 million in its subsidiary Godrej Mauritius Africa Holdings to reinforce its balance sheet.
- Housing & Urban Development Corporation: HUDCO signed an MoU with NBCC for various developmental projects across states, including residential and commercial developments.
- Oil India: Entered into a Joint Venture Agreement with Rajasthan Rajya Vidyut Utpadan Nigam to develop 1.2 GW of renewable energy initiatives.
Bulk Transactions
- Aarti Pharmalabs: The promoter entity, Safechem Enterprises, divested 6 lakh shares at Rs 929.19 each, while BNP Paribas Financial Markets sold 4.59 lakh shares at Rs 929 each.
Conversely, Norges Bank acquired 4.84 lakh shares at Rs 930.3 each, alongside Vanguard funds purchasing 10.82 lakh shares at Rs 930.34 each, collectively representing a 1.7% stake valued at Rs 145.8 crore. - Landmark Cars: Promoter Aryaman Sanjay Thakker sold 7 lakh shares at Rs 639 each, receiving Rs 44.73 crore. In contrast, Morgan Stanley and Dhunseri Ventures procured shares at similar valuations.
- Cartrade Tech and Tanla Platforms: Norges Bank acquired shares valued at Rs 98.1 crore in Cartrade Tech and Rs 65.51 crore in Tanla Platforms.
- Sigachi Industries: iShares Core MSCI Emerging Markets purchased 31.85 lakh shares at Rs 43.85 per share.
- Power Mech Projects: Motilal Oswal Asset Management offloaded 1.68 lakh shares for a notable sum.
- Energy Infrastructure Trust: Rapid Holdings divested 16.86 crore units at Rs 82 each, yielding a valuation of Rs 1,382.7 crore, while various investors acquired these units, enhancing their portfolios.
- IndiGrid Infrastructure Trust: Vanguard Group secured over 2 crore units at Rs 169.12 each, while Larsen & Toubro and BNP Paribas executed sales of their holdings.
Upcoming Events
- SME Listing Scheduled for September 22: TechD Cybersecurity
- Stocks Trading Ex-Date for Splits: Adani Power
- Stocks Trading Ex-Date for Bonuses: Sandur Manganese & Iron Ores
- Stocks in F&O Ban: Angel One, Sammaan Capital, HFCL
- Stock Exiting F&O Ban: RBL Bank
Stocks Trading Ex-Dividend
- A B Infrabuild
- Accel
- Ahluwalia Contracts
- Archit Organosys
- Asian Star Company
- Aurionpro Solutions
- Aveer Foods
- Bajaj Holdings & Investment
- Bandaram Pharma Packtech
- BEML
- Bengal & Assam Company
- Black Rose Industries
- Bondada Engineering
- Bright Outdoor Media
- Ceinsys Tech
- Commercial Syn Bags
- Cords Cable Industries
- CyberTech Systems
- DCW
- Divyashakti
- Fischer Medical Ventures
- Gujarat Fluorochemicals
- GEM Enviro Management
- GTV Engineering
- Gufic Biosciences
- Gujarat Craft Industries
- Gujarat Intrux
- Hazoor Multi Projects
- HPL Electric & Power
- Josts Engineering Company
- Jeena Sikho Lifecare
- Lahoti Overseas
- Madhuveer Com 18 Network
- Maharashtra Scooters
- Monte Carlo Fashions
- Navneet Education
- National Fertilizers
- OM Infra
- Paisalo Digital
- Parag Milk Foods
- Phoenix Township
- PNC Infratech
- Radix Industries (India)
- Rolcon Engineering Company
- Ruchira Papers
- Sadhana Nitro Chem
- Shalibhadra Finance
- SMS Pharmaceuticals
- Sudarshan Chemical Industries
- Swan Corp
- Tirupati Foam
- Veto Switchgears and Cables
- Vintage Coffee and Beverages
Source link: Tradingview.com.
