Stocks in focus: Sansera Engineering, Vedanta, Adani Enterprises, PVR, Dilip Buildcon

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Indian markets ended higher on Thursday as gains were propelled by strength across most sectors, a day after the outcome of the Federal Reserve policy review met Street expectations. Today, markets are likely to make a positive start following firm global cues. Some support will come as Union Minister Piyush Goyal said the commerce ministry is trying to ease norms for Special Economic Zones (SEZs) and make it simpler for units to exit these areas. The ministry is also looking at ways for partial de-recognition of existing SEZs so that areas which have no more demand can be used for industrial or other purposes. Here is the list of top stocks that could be in focus on September 24, Friday.

Sansera Engineering: Shares of Sansera Engineering will debut on the bourses today, 24 September 2021. The final issue price has been fixed at Rs 744 per share.

Vedanta: Vedanta announced its intention to delist its American depositary shares (ADS) representing its equity shares from the NYSE and to terminate its ADS program. The company also intends to deregister such ADSs and the underlying equity shares and terminate the reporting obligations pursuant to the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”) upon satisfying the relevant criteria.

Adani Enterprises: The company has incorporated a wholly owned subsidiary namely Adani Digital Labs. The subsidiary will transform consumer businesses to digital first businesses by creating an omnichannel, integrated platform enabling customers to interact with all B2C businesses of Adani Group.

PVR: CRISIL has downgraded long term credit rating on PVR’s bank loan facilities to A+/Negative from AA-/Negative, and short term rating to A1 from A1+.

Dilip Buildcon: The Supreme Court of India has in effect confirmed the appointment of Dilip Buildcon (DBL) & VPR Mining Infrastructure (VPR), as the Mine Developer Cum Operator, by Punjab State Power Corporation at the Pachhwara Central Coal Block Mine. The total contract value of the tender is Rs. 32,156.04 crore (excluding taxes).

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