Stocks to watch: HCL Tech, IRCTC, Zee Entertainment, Blue Dart, JK Cement
Blue Dart Express announced its general price increase, effective from 1 January 2022.
Indian markets closed in the red for the second straight session following a gap down opening Wednesday, tracking weaknesses from global markets. Today, markets are likely to extend their fall to the third day in a row on account of monthly F&O expiry. Traders will be concerned as India recorded a spike of 23,139 new Covid-19 cases in the past 24 hours. The country also witnessed 309 deaths, taking the death toll to 4,48,090. So far, India has recorded 3,37,38,188 corona cases in total. Delhi reported 41 Covid-19 cases and no fatality. Kerala recorded 12,161 new Covid-19 cases and Maharashtra 3,187 cases. Here is the list of top stocks that could be in focus on September 30.
HCL Technologies: HCL Technologies launched a 5G Open Radio Access Network (O-RAN) lab in India that will enable global telecom industry players to transition to a 5G network.
IRCTC: IRCTC has fixed 29th October 2021 as the record date, to ascertain the name of shareholders entitled for Sub-division/split of equity shares of Rs 10 each into five equity shares of face value of Rs 2 each.
Zee Entertainment Enterprises (ZEEL): ZEEL said that Invesco Developing Markets Fund and OFI Global China Fund LLC (shareholders of the company) have filed a petition against the company, before the National Company Law Tribunal, Mumbai Bench, under Sections 98(1) and 100 of the Companies Act, 2013, inter alia requesting the tribunal to order an extraordinary general meeting of the company.
JK Cement: The company has undertaken upgradation of clinker Line 3 at JK Cement Works, Nimbahera. The upgradation has been completed and commissioned. With this the clinker capacity of Line 3 stands increased to 6500 TPD (from 5000 TPD).
Blue Dart Express: The company announced its general price increase, effective from 1 January 2022. The average shipping price increase will be 9.6% as compared to 2021, dependant on the shipping profile.
Persistent Systems: The company announced it has entered into an agreement to acquire Charlotte, North Carolina-based Software Corporation International (SCI) and its affiliate, Fusion360, and the business of East Brunswick, New Jersey-based Shree Partners including its subsidiary in India.
Indag Rubber: The company informed that the board of directors has considered and approved sale / transfer of 15,00,000 equity shares of Rs.10 each of SUN Mobility EV Infra, to EPIC Mobility Technologies Pte.