Stocks to watch: Dalal Street is expected to start lower on Wednesday, retracing negative moves in global markets. SGX Nifty futures were down 1.1% or 183 points at 16,855 at last count. Shares of Mahindra & Mahindra, BHEL, Adani Enterprises and Bharti Airtel, among others, will be in focus today. Here are the top stocks to watch in trading on September 28 –
Mahindra & Mahindra Ltd | The company acquired 21,14,349 shares or 17.41% of the paid-up share capital of Swaraj Engines Ltd from Kirloskar Industries Ltd. Additionally, it sold a 2.17% stake in Mahindra CIE Automotive.
Bharat Heavy Electrical Ltd | The company has won an order for the implementation of the Talcher Thermal Power project of 2×660 MW from NTPC. He will set up the project on the basis of EPC (Engineering, Procurement & Construction).
Bharti Airtel Ltd | Bharti Telecom Limited, promoter of the company, acquired approximately 190.02 million shares or 3.20% of the company from Singtel subsidiaries. After the transaction, BTL holds a 38.62% stake in the company.
KPI Green Energy Ltd | The company has received an order for the execution of a solar power project with a capacity of 1.40 MW from M/s MS Synthetics under the Captive Power Producer (CPP) segment of the society.
Power Grid Corporation of India | The board of directors of the company has approved an investment for Jamnagar Oil Refinery transmission project by Reliance Industries to connect to Jam khambhaliya ISTS PS at an estimated cost of Rs. 327.71 crores. Its commissioning is scheduled for September 2023.
Housing Development Finance Company Ltd | The company has reached an agreement to sell 1,14931 shares, or 12% of the total paid-up share capital of Softcell Technologies Private Ltd.
Adani Enterprises Ltd. | The company has raised Rs 100 crore by allocating 1,000 non-convertible listed, listed, secured, redeemable and capital protected market-linked debentures with a face value of Rs 10,000,000 each on a private placement basis.
Axis Bank SA | The private sector lender has entered into an indicative and non-binding term sheet with Go Digit Life Insurance Ltd for a proposed investment, by Axis Bank in the company, of an amount between Rs. 49.90 crores to Rs. 69, 90 crores, in two tranches, by subscribing to the company’s capital.
Gujarat Alkalis and Chemicals Ltd | The company has started the process of manufacturing hydrazine hydrate at the Dahej complex.
Shriram Piston and Rings Ltd | The company announced that it had formed a wholly owned subsidiary.
NXT Digital Ltd | It declared a dividend of Rs 4 per share with a par value of Rs 10 each.