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  1. Stocks to watch today: AU SFB, Indian Energy Exchange, GSK Pharma, GIC Re and more

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Stocks to watch today: AU SFB, Indian Energy Exchange, GSK Pharma, GIC Re and more

Kamal Joshi

2 min read | Updated on September 04, 2024, 08:20 IST

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SUMMARY

Stocks to watch today: Power trading exchange Indian Energy Exchange reported a total volume (including certificates) of 12,040 million units (MU) in August 2024, reflecting a 35.8% year-over-year (YoY) increase. The electricity volume at 9,914 MU, surged 17.1% YoY.

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Stocks to watch on September 4, 2024.

Stocks to watch today: The GIFT Nifty is trading 1% lower, suggesting a gap-down start for the NSE and the BSE today. Asian markets are also trading in the red. The Nikkei 225 is down over 3%, while Hong Kong's Hang Seng Index has shed more than 1%.

Stocks to watch on September 4

AU Small Finance Bank: The private lender has submitted an application to the Reserve Bank of India (RBI) for the voluntary transition from a small finance bank to a universal bank, the company informed in an exchange filing on Tuesday.
General Insurance Corporation of India: The government is offloading 6.7% in GIC Re through an offer-for-sale on September 4 and September 5. Non-retail investors can participate in the OFS on September 4, while retail investors can bid on September 5. The floor price has been fixed at ₹395 per share.
GSK Pharma: Pharmaceutical major has informed shareholders that it has received an income tax refund of ₹222.2 crore for the assessment year (AY) 2022-23. "This is to inform you that the company has received an Income Tax Order from the Income Tax Department under Section 143(3) for Assessment Year 2022-23, issuing income tax refund of ₹222.23 crore (including interest)," it said.
IEX: Power trading exchange Indian Energy Exchange reported a total volume (including certificates) of 12,040 million units (MU) in August 2024, reflecting a 35.8% year-over-year (YoY) increase. The electricity volume at 9,914 MU, surged 17.1% YoY. The renewable energy certificates (REC) reported a 737.4% increase YoT to 2,116 MU.
KIMS: Hospital chain Krishna Institute of Medical Sciences has fixed September 13 as the record date for determining shareholders' eligibility for a 5-for-1 stock split.
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About The Author

Kamal Joshi
Kamal Joshi is a business journalist who covers industries, markets, and IPOs. He is passionate about breaking news and enjoys playing tennis, especially flexing his backhand. He was previously associated with Republic TV and LatestLY.

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