A positive close on the Wall Street in the overnight trade is expected to have a rub-off effect on the domestic stocks on Thursday, September 12. At 7:43 AM, the GIFT Nifty futures were trading 6 points, or 0.02%, lower at 25,074 levels. This, as per publicly available information, indicates that the NIFTY50 will open 136 points higher today.
Here is a list of stocks that may trade actively in today's session.
MapMyIndia: Mappls MapmyIndia, a leading digital mapping, geospatial software, and location-based IoT company, has tied up with self-drive car-sharing platform Zoomcar. "This unique collaboration enables users to seamlessly book a Zoomcar while getting their trips planned with the Mappls App, significantly enhancing the end-to-end travel planning and booking experience," the company said in a statement.
IT stocks are expected to be in focus today as the tech stocks gained big in the overnight trade in the US. The S&P 500 technology index finished up 3.3% after opening lower with a big boost from AI chipmaker Nvidia, which added 8%. It was helped by a Semafor report that the US government is considering letting Nvidia export advanced chips to Saudi Arabia.
Route Mobile: As per news reports, Proximus Opal, one of the promoters of
Route Mobile, is likely to sell up to 38 lakh shares (6.03% equity) of the company via OFS on September 12 & 13. The floor price for the offer shall be ₹1,635/share,
CNBC-TV18 reported.
Honasa Consumer: The parent firm of beauty and personal care brand Mamaearth is likely to see a large block deal today. As per reports, existing investors of the company are expected to divest up to 8.1% of their total equity on Thursday. The block deal, valued at ₹1,260.7 crore, will be offered at a floor price of ₹480 per share, said a report by CNBC-TV18.
Tata Steel: The UK government on Wednesday announced that it had signed off on an improved grant funding agreement with Tata Steel, worth GBP 500 million, to support the steel major's green transition towards a state-of-the-art electric arc furnace (EAF) at the Port Talbot steelworks in South Wales.
"Port Talbot has always been and will always be a steelmaking town. This deal does what previous deals failed to do, giving hope for the future of steelmaking in South Wales," said Business and Trade Secretary Jonathan Reynolds.
GE T&D: The company has bagged orders from Grid Solutions Middle East FZE, Dubai, and Grid Solutions SAS, France, for supply of high-voltage products. The company received an order from Grid Solutions SAS, France, worth 100 million euros and 55 million euros worth of order from Grid Solutions Middle East.
NBCC: The company signed a memorandum of understanding (MoU) with Mahanagar Telephone Nigam Limited (MTNL) on September 11, 2024, to collaborate to develop a prominent land parcel of MTNL measuring approximately 13.88 acres located on Pankha Road, New Delhi. The project is valued at ₹1,600 crore, approximately.
SBI: The State Bank of India, Bank KEB Hana Indonesia, and Bank SBI Indonesia have signed shareholder agreements. Bank SBI Indonesia (BSBII), the overseas banking subsidiary of the State Bank of India in Indonesia, has an SBI holding of 99.56%. For the purpose of regulatory compliance of meeting minimum 1% of the local shareholding requirement, BSBII has proposed to issue preference shares to PT Bank KEB Hana, Indonesia.
"As part of the arrangement, the State Bank of India, PT Bank KEB Hana Indonesia, and Bank SBI Indonesia have signed a shareholders’ agreement on September 10, 2024, which allows Bank KEB Hana Indonesia to invest in 1% shares of Bank SBI Indonesia by way of preference shares," the press release added.
HPCL: The state-run oil marketing company has received approval from the company’s board for the construction of a pipeline from Visakh to Raipur at an estimated cost of ₹2,212 crore.
Brigade Enterprises: Brigade Group on Wednesday, September 11, announced the launch of its premium flexible and managed workspace solution, BuzzWorks, in Hyderabad at Auro Orbit in the heart of HITEC City. This expansion aligns with Brigade Group’s strategic vision to reach 1 million sq.ft. of flexible office space by FY26, it said.
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