Stocks to watch: The domestic stocks are expected to open on a positive note on Friday, September 27. At 08:00 AM, the GIFT NIFTY futures were trading 0.16% lower at 26,333.50. This, as per publicly available information, indicates that the NIFTY50 will open 25 points higher.
Chinese stocks are headed for the best week since 2008 as Beijing rolled out a huge stimulus package to revive the economy, lifting Asian shares to 2-1/2-year highs, while a sharp fall in oil prices bodes well for disinflation globally.
Here is a list of stocks that may remain in focus today.
IT stocks such as Infosys, TCS, HCLTech, and
Tech Mahindra, among others, are expected to hog the limelight as IT consulting and services major Accenture has upped its revenue guidance for financial year 2025 to be in the range of 3–6%, even as the company missed its FY24 growth target.
Accenture, the largest player in the segment, which follows the September–August financial year, provided guidance for FY25 that is higher than its FY24 guidance of 1.5% to 2.5%. The company unveiled a $4 billion share buyback and beat quarterly earnings expectations owing to strong demand for its services that help businesses adopt generative AI technology.
Prataap Snacks: Authum Investment and Infrastructure, along with Mahi Madhusudan Kela, have signed a share purchase agreement to acquire a controlling stake in
Prataap Snacks Ltd., according to an exchange filing.
Authum, along with Mahi Madhusudan Kela, will acquire 46.85% stake in Prataap Snacks from its private equity promoters, including Peak XV Partners Growth Investment Holdings I, Peak XV Partners Growth Investment II, and Sequoia Capital GFIV Mauritius Investments. After the deal is completed, Authum Investment and Infrastructure will have a 42.31% stake in the snack manufacturer.
The total consideration for the acquisition of 1.13 crore shares in Prataap Snacks would be ₹846.6 crore, with shares being acquired at ₹746 per share.
Piramal Enterprises:
Piramal Enterprises said on Thursday, September 26, that its wholly-owned subsidiary Piramal Capital & Housing Finance Ltd (PCHFL) has sold its immovable property located in Santacruz East, Mumbai, to Shoquba Realty for ₹187 crore.
RITES: A consortium led by RITES has emerged as the lowest bidder for a Delhi Metro Rail Corp project worth ₹87.58 crore.
NIFTY rejig: Tata Group's Trent and state-run BEL will enter the NIFTY50 index, as per the announcement made by the exchange as part of its semi-annual rejig. These two stocks will replace Divi's Laboratories tech firm, LTIMindtree.
Railtel: The company has bagged an order worth ₹155 crore. Railtel said it has received the work order from the Rural Development Department, Mantralaya, Maharashtra, for the operationalisation of the ASSK-GP project in Konkan, Pune, and Nashik regions amounting to ₹1,55,71,67,040 (excluding tax).
Infosys: The IT services giant on Thursday, September 27, announced its strategic collaboration with Sally Beauty Holdings, Inc. (SBH), an American international specialty beauty retailer and distributor of professional beauty supplies.
Driving enterprise-scale IT transformation, Infosys will implement best practices in IT operations to bring efficiencies through the optimisation of IT service delivery, it said.
Torrent Pharma: The pharma company, in its filing to BSE on Thursday, September 26, refuted claims that one of its top-selling products, Shelcal 500, failed a quality test by the Central Drug Standards Control Organisation (CDSCO).
InterGlobe Aviation: Domestic carrier IndiGo on Thursday said it has nominated Isidro Porqueras for the post of Chief Operating Officer (COO) to replace incumbent Wolfgang Prock-Schauer, who will be retiring later this year. Porqueras's appointment to the post, which is subject to regulatory approvals, will be effective from November 1, IndiGo said in a statement.
With inputs from Reuters
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