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Stocks to watch on September 13: Nazara Tech, Patanjali Foods, Tata Power, BPCL, HG Infra and more
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4 min read | Updated on September 13, 2024, 09:07 IST
SUMMARY
At 08:01 AM, the GIFT Nifty futures were trading 0.04% lower at 25,394.50. This, as per publicly available information, signals NIFTY50 will open 38 points higher.
Stock list
Both SENSEX and NIFTY rallied nearly 1.9% on Thursday
Stocks to Watch: The bulls are expected to dominate Friday's session (September 13) as well after a spectacular show in the last hour of the trade on Thursday. At 08:01 AM, the GIFT Nifty futures were trading 0.04% lower at 25,394.50. This, as per publicly available information, indicates that the NIFTY50 will open 38 points higher.
Here is a list of stocks that may remain on focus today.
Nazara Technologies: The publicly listed diversified gaming and sports media company on Thursday announced the acquisition of a 47.7% stake in Moonshine Technology, the parent company of PokerBaazi, India’s leading online poker gaming platform, for ₹832 crore through a secondary transaction. Additionally, Nazara will inject ₹150 crore in primary capital into Moonshine via compulsory convertible preference shares.
SBI: The public sector lender has sanctioned ₹10,050 crores to Damodar Valley Corporation (DVC) for the Ultra Super Critical Thermal Power Project of 1600 MW to be set up at Koderma, Jharkhand, the SBI said in a statement on Thursday.
This project has been identified by the Ministry of Power as one of the projects for capacity addition by 2030.
SBI Card: The company is scheduled to hold a board meeting on Wednesday, September 18, 2024, to consider and approve the proposal, for raising funds through the issuance of non-convertible debentures (NCDs) aggregating to ₹5,000 crore through private placement, in one or more tranches over a period of time.
BPCL: Bharat Petroleum Corporation (BPCL) on Thursday announced that its board of directors has approved two joint ventures to advance the company’s energy transition and net-zero goals. BPCL will form a 50:50 joint venture with Sembcorp Green Hydrogen India (SGHIPL) to develop renewable energy and green hydrogen projects throughout India.
BLS International Services: BLS International Services (BLS) on Thursday, September 12, announced the signing of a definitive agreement to acquire a 100% stake in Citizenship Invest (CI), a Dubai-based advisory firm, specialising in fast-track investor programs for obtaining residence and citizenship across more than 15 countries.
The acquisition value of 100% stake is US$ 31.0 million (~Rs 260 crore), and the transaction would be funded through internal accruals. The transaction is expected to be completed by October 31, 2024, subject to necessary approvals.
HPL Electric & Power: The company has received work orders/letter of award of ₹143.77 crore (inclusive of tax) for the supply of smart meters and conventional meters.
ALSO READ | Trade Setup for September 13
HG Infra: HG Infra Engineering has received a letter from the Central Railway regarding the appointed date for the construction of the New BG Line Between Dhule (Borvihir) and Nardana (approximately . 49.45 km) section of the Central Railway on Engineering & Procurement (EPC mode). The project cost is ₹716.11 crore.
Patanjali Foods: As per news reports, the Patanjali Group firms are set to raise up to $240 million through a block trade today. The deal, as per reports, involves the sale of a 3% stake in the firms, with a floor price of ₹1,815 apiece.
Tata Power: Tata Power Renewable Energy arm Tata Power EV Charging Solutions and Tata Motors have signed an initial pact to set up 200 fast-charging stations for electric commercial vehicles in all metro cities, a statement said on Thursday.
The strategic move expands their ongoing collaboration in providing sustainable mobility solutions, with a focus on easy charging solutions for small electric commercial vehicles, the statement said.
Power Grid: Power Grid Corporation of India has been declared as the successful bidder under tariff-based competitive bidding to establish an inter-state transmission system for “augmentation of transformation capacity at Jam Khambhaliya PS (GIS)” on a build, own, operate, and transfer (BOOT) basis. The Letter of Intent (LoI) has been received by Power Grid Corporation of India Limited on September 12, 2024.
Puravankara: The realty developer has secured the right to redevelop a housing society spread over half an acre in South Mumbai’s Breach Candy locality, marking its foray into the country’s super-luxury property market.
Intellect Design Arena on Thursday announced the launch of eMACH.ai tailored specifically for the Sri Lankan financial landscape.
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