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Stocks to Watch: Tata Steel, RIL, SBI, Wipro, Indian Hotels, HDFC AMC, Fortis, and Others – News18

Last Updated: September 26, 2023, 08:43 IST

Stocks to watch on September 26

Stocks to watch: Shares of firms like Tata Steel, RIL, SBI, Wipro, Indian Hotels, HDFC AMC, Fortis, and others will be in focus on Tuesday’s trade.

Stocks To Watch On September 26: GIFT Nifty on the NSE IX traded 61.5 points, or 0.31 per cent, lower at 19,667, signaling that Dalal Street was headed for negative start on Tuesday. Here’s a slew of stocks that will be in focus today for various reasons.

Nuvama Wealth Management: The stock, formerly known as Edelweiss Securities, will be re-listed on the BSE and the NSE today.

Reliance (RIL): The Mukesh Ambani-led firm seeks postal ballot vote for Ambani third-generations’ board appointment – Isha Ambani, Anant Ambani, and Akash Ambani as non-executive directors.

Tata Steel: Moody’s has raised the company’s long-term rating from Ba1 to Baa3; and the outlook from ‘Positive’ to ‘Stable’.

Banks: With state and general elections round the corner, the government is considering spending Rs 60,000 crore to provide subsidised loans for small urban housing over the next five years.

Mahindra & Mahindra (M&M): Canada’s Ontario to buy 20 per cent stake in Mahindra Teqo, a subsidiary of M&M for Rs 35 crore.

Strides Pharma: The company is spinning off its contract development and manufacturing (CDMO) business along with the soft-gelatin unit into an entity called ‘OneSource’ (currently Stelis Biopharma). The latter will be listed in the next 12-15 months in order to have better synergies and unlock value.

SBI, Punjab & Sind Bank, Indian Bank: The Reserve Bank of India (RBI) on Monday imposed a monetary penalty, of up to Rs 1.62 crore, on these three state-run banks owing to non-compliance with certain regulations.

Wipro: Garnered Rs 266.38 crore by selling a land parcel and building in Chennai to Casagrand Bizpark.

Sheela Foam: Board approved QIP issue worth Rs 1,200 crore; Company to allocate 1.11 crore equity shares at Rs 1,078 each.

HDFC AMC: To invest Rs 25 crore in its international unit to help it meet the net worth requirements prescribed for Registered Fund Management Entity (Retail) under IFSC rules.

Indian Hotels: Has infused $11.5 million in its wholly-owned Netherland based subsidiary IHOCO BV to help it repay debt, and other operations.

DB Realty: In its bid to enter the hospitality sector, the company plans to acquire stake in Bamboo Hotel Global Centre, Goan Hotels, and BD & P Hotels for over Rs 2,300 crore.

Fortis Healthcare: To acquire 99.9 per cent stake in Artistery Properties for Rs 32 crore.

Disclaimer:Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.

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