Stocks to watch: At 7:47 AM, the GIFT NIFTY futures were trading 4.50 points, or 0.02%, lower at 25,925 levels. This, as per publicly available information, suggests that the NIFTY50 index will open 20 points lower on Wednesday, September 25.
Here is a list of stocks that may remain in focus today.
KEC International: The EPC major on Tuesday announced the opening of its qualified institutional placement (QIP) of equity shares to raise ₹4,500 crore. The QIP floor price has been set at ₹976.64 per share. The board had initially approved the QIP on July 26, 2024, and a special resolution was passed during the annual general meeting held on August 22, 2024.
The company may offer a discount of not more than 5% on the floor price of the issue,
KEC International said in an exchange filing.
PC Jeweller: The company will consider stock split on September 30.
Tata Power: The power company said there was a fire incident at its Trombay Plant on September 23. It added that while no injuries or loss of life have been reported, the company is currently investigating the cause of the fire, and work is underway to restore normal operations.
Easy Trip Planners: The travel tech platform's promoter Nishant Pitti is likely to sell up to 8.5% of his stake in the company through block deals, with an estimated block size of ₹622 crore, according to a report by CNBC-TV18.
The indicative price for the sale is set at ₹41.5 per share, as per the report. As of June quarter, Pitti held a 28.13% stake in
Easy Trip Planners.
MCX: The company has revised transaction fees on F&O contracts effective October 1. Futures contracts to see a transaction fee of ₹2.10 per lakh of turnover value and for options contracts ₹41.80 per lakh of premium turnover value.
Gillette India: The company has received a letter from its distributor, Procter & Gamble Bangladesh Private Limited, notifying termination of the distribution agreement with the company, which will be effective December 31, 2024.
As a consequence of this termination, the company will have an impact of a proportionate drop in net sales under this agreement. For the financial year 2023‐24, the net sales under the said distributor agreement accounted for nearly 2% of the total net sales of the company. There is no material impact on the company's profits due to this termination, it added.
Delta Corp: As per news reports, the board has approved a draft composite scheme of arrangement between the company and Delta Penland. The scheme provides for demerger of the company's hospitality and real estate business. Delta Penland will issue one share of the demerged entity for every share held by shareholders of Delta Corp.
Mukta Arts: The company informed BSE that it has entered into an assignment agreement and executed a term sheet with Zee Entertainment Enterprises for 37 of its films. The deal assigns the satellite and media rights of the films to Zee for six years, commencing 25 August 2027.
.png)
