Trading Radar For September 1: Indusind Bank, Tata Motors, M&M, Torrent Power, Aurobindo Pharma, And Adani Power Stocks Are On Investors' Watchlist
Indian equity markets ended lower on Friday, as losses in real estate, technology, and auto stocks dragged them down. This marked a third straight session of losses and a first weekly loss in three.
The broader markets are likely to open flat to higher on Monday, with the Gift Nifty, an early indicator for the Nifty 50 index, edging 0.13% higher at 24,611.5 at 8:25 am IST.
Asian markets traded mixed. Nikkei, KOSPI, ASX 200, STI, Taiwan Stock Exchange, and Bursa Malaysia were in the red while the other major Asian markets gained on Monday.
Stock Watch
IndusInd Bank: Shareholders have rejected the promoters' bid to nominate an additional nominee director on its board.
Torrent Power: The company received a Letter of Award from MP Power Management Company to supply power from a new 1,600 MW coal-based plant at a tariff of ₹5.829/kWh. It will invest ₹22,000 crore to set up a 2x800 MW Ultra-Supercritical greenfield project in Madhya Pradesh under the DBFOO model.
Adani Power: Secured a Letter of Award from MP Power Management Company for supplying power from an upcoming 800 MW Ultra-Supercritical thermal project in Anuppur, Madhya Pradesh, on a DBFOO basis.
Aurobindo Pharma: The US FDA inspected Apitoria Pharma's Unit-I API facility in Telangana and issued a Form 483 with five procedural observations. Notably, no data integrity issues were flagged.
NCC: The company won two water division orders worth ₹788.34 crore in August.
Auto stocks: August sales data
PG Electroplast: Subsidiary Next Generation Manufacturers signed an MoU with the Maharashtra Government to invest ₹1,000 crore in a greenfield project at Kamargaon, Ahilyanagar, for white goods manufacturing.
PNB Housing Finance: Board will meet on September 5 to consider raising up to ₹5,000 crore through NCDs via private placement.
Bharat Heavy Electricals (BHEL): Signed a technology transfer license agreement with DRDO's DMRL, Hyderabad.
Zydus Wellness: Subsidiary Alidac UK will acquire a controlling stake across multiple share classes of UK-based Comfort Click.
HEG: Subsidiary TACC entered a collaboration with Ceylon Graphene Technologies to accelerate the commercialization of graphene products.
Popular Vehicles and Services: Received in-principle approval from Maruti Suzuki to acquire an authorised dealership in Telangana.
Bank of India: The PSU bank cut MCLR rates across tenures, with up to a 15 bps reduction effective September 1.
Nazara Technologies: Terminated its agreement to acquire a minority stake in Moonshine Technology after the online real money gaming ban.
EPACK Durable: Tax authorities searched its Dehradun facility but concluded proceedings peacefully, seizing only select goods and registers.
GHCL: SEBI barred Chairman Anurag Dalmia from securities markets for 18 months in a Golden Tobacco case, though the order does not impact GHCL's operations.
Paytm (One 97 Communications): Shareholders resolved not to fill the vacancy after CFO and Executive Director Madhur Deora retired by rotation and opted out of reappointment.
Dharan Infra-EPC: Bagged a ₹1,171.21 crore contract from Skymax Infra Power.
Neogen Chemicals: Forms a joint venture with Morita Chemical's subsidiary to enter the lithium-ion battery materials business.
Thomas Cook India: Signs long-term MoU with SOTC and Queensland Tourism to boost Indian travel to the Australian state.
Welspun Specialty Solutions: The Gujarat Pollution Control Board revoked its earlier order halting operations at the company's Bharuch plant.
Punjab National Bank: PNB reduced its MCLR rates by 5 bps across 1-month to 3-year tenors, effective September 1.
BEML: Secured an Indian Railways order worth over ₹80 crore to supply utility track vehicles.
Oriental Rail Infrastructure: Won orders worth ₹3.37 crore from ICF Chennai, Indian Railways.
Gujarat Industries Power: The state approved its proposal for a 700–750 MW lignite-based power plant at Valia, with a 25-year PPA granted by GUVNL.
Virtuoso Optoelectronics: Signed an MoU with Maharashtra to invest ₹800 crore in Nashik for electronics and motor component manufacturing.
Asian Energy Services: Unit Asian DMCC completed the acquisition of Kuiper Holdings (UAE) and Kuiper Group (Cayman Islands).
Ceinsys Tech: Received a ₹5.55 crore order from the Adani Group for the supply and installation of Autodesk Build licenses.
IPO Opens Today: Amanta Healthcare
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