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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

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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.

About The Author

WhatsApp Image 2024-06-20 at 9.58.49 AM.jpeg
Kamal Joshi is a business journalist who covers industries, markets and IPOs. He is passionate about breaking news and enjoys playing tennis, where he loves flexing his backhand.

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