Stocks to watch: HCL Tech, Bharti Airtel, Lupin, Godrej Properties, Atul Auto, HDFC AMC, Lupin in focus
Godrej Properties announced that it has entered into an agreement to redevelop a land parcel in the upscale neighbourhood of Wadala, Mumbai.
Indian markets settled lower on Tuesday as losses in IT and select financial stocks pulled the market lower, however gains in metal and PSU banking shares kept the downside in check. Today, the markets are likely to make a gap-down opening tracking sell-off in the global markets. Traders may take note of commerce and industry minister Piyush Goyal’s statement that measures to reduce the compliance burden by simplifying and decriminalising several laws can have a multiplier effect on ease of doing business. However, sentiments may get a boost as rating agency Standard & Poor’s (S&P) said high-frequency indicators suggest a strong rebound during the July-September quarter after a steep contraction in activity in the previous three months on the back of a severe Covid-19 wave. Here is the list of top stocks that could be in focus on September 29, Wednesday.
HCL Technologies: The company has joined the AWS Service Delivery Program and become an AWS Contact Center Intelligence Partner.
Bharti Airtel: Bharti Airtel said that CRISIL has upgraded long-term rating on bank loan facilities of Rs 20,000 crore to AA+/Stable from AA/Stable. The rating action reflects continued improvement in Bharti Airtel’s operating metrics resulting in healthy financial risk profile.
HDFC AMC: Shares of HDFC Asset Management Company (HDFC AMC) will be in focus. Foreign promoter Standard Life Investments is reportedly likely to sell 1.06 crore equity shares (5% stake) in HDFC Asset Management Company via open market transaction today, 29 September 2021.
Godrej Properties: The company announced that it has entered into an agreement to redevelop a land parcel in the upscale neighbourhood of Wadala, Mumbai.
Lupin: Lupin announced the launch of Droxidopa Capsules, 100 mg, 200 mg, and 300 mg, having received an approval from the United States Food and Drug Administration (US FDA). The product is manufactured at Lupin’s facility in Nagpur.
Shreyas Shipping & Logistics: The company has signed a Memorandum of Agreement (MOA) for acquisition of one Bulk carrier of 35,152 DWT and will be delivered to us between 15th October, 2021 to 30th November, 2021.
Atul Auto: The company informed that the commercial production at Bhayla (Dist. Ahmedabad) plant of the company for manufacturing three wheeler automobiles has been commenced on September 27, 2021.
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