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Stocks to Watch: Delta Corp, Infosys, Cipla, Vedanta, PNB, Sai Silks, and Others – News18

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Last Updated: September 27, 2023, 08:42 IST

Stocks to watch on September 27

Stocks to watch on September 27

Stocks to watch: Shares of firms like Delta Corp, Infosys, Cipla, Vedanta, PNB, Sai Silks, and others will be in focus on Wednesday’s trade.

Stocks To Watch on September 27: GIFT Nifty on the NSE IX traded 9 points, or 0.05 per cent, higher at 19,741.5, signaling that Dalal Street was headed for positive start on Wednesday. Here’s a slew of stocks that will be in focus today for various reasons.

SignatureGlobal (India): Grey Market Premium indicates moderate listing gains of up to 10 per cent for the stock. The Rs 730 crore was subscribed 11.9 times, and the company issued shares at Rs 385 each.

Sai Silks (Kalamandir): The Rs 1,201-crore IPO was subscribed 4.4 times, and the share issue price was Rs 222.

Delta Corp: Shares of online gaming are likely to remain in focus amid reports that the tax demand from these firms could top Rs 1 lakh crore. Meanwhile, GST Council is scheduled to meet on October 07.

Infosys: The IT major is collaborating with Microsoft to jointly develop industry solutions by leveraging Infosys Topaz, Azure OpenAI Service and Azure Cognitive Services.

Cipla: The pharma company has launched drone-powered deliveries of critical medicines to hospitals and pharmacies across Himachal Pradesh in partnership with Skype Air Mobility.

HealthCare Global: CVC Capital Partners is exploring selling up to 60.4 per cent stake in Indian cancer hospital chain HealthCare Global Enterprises. According to reports, CVC’s stake is worth about $345 million.

IndusInd Bank: Inked a multi-year global partnership with the International Cricket Council (ICC) to provide a premium experience to customers, employees, and cricket fans.

Dhanlaxmi Bank: RBI has approved the appointment of K N Madhusoodanan as a part-time chairman of the bank.

Vedanta: Moody’s Investors Service has downgraded the corporate family rating for Anil Agarwal-promoted Vedanta Resources in the absence of any meaningful progress on refinancing its upcoming debt maturities. Moody’s also downgraded its rating on the firms’ senior unsecured bonds issued.

REC, Punjab National Bank: The two inked an agreement to co-finance power and infra projects to the tune of Rs 55,000 crore.

Suzlon Energy: Dilip Shanghvi & Associates terminated the 2020 shareholder pact, and its nominee director Hiten Timbadia has stepped-down from the board.

Century Textiles: The firm’s real-estate arm Birla Estates sold out phase 1 of Birla Trimaya in Bengaluru within 36 hours of its launch, amounting to Rs 500 crore.

NDTV: The broadcaster received government’s nod for three news and current affairs channels in HD (Higher Definition).

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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