Stocks to watch: HDFC, Adani Enterprises, Raymond, Whirlpool, RBL Bank, Bharat Forge

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 51 points at the opening bell. Overseas, Asian stocks traded lower on Tuesday, as various firms downgraded China’s GDP forecasts. Goldman Sachs on Tuesday slashed its China GDP growth expectations to 7.8%, down from the 8.2% previously forecast. Nomura also expected China’s GDP to grow by 7.7% this year, down from a previous forecast of 8.2%. Here is the list of top stocks that could be in focus on September 28, Tuesday.

HDFC: HDFC said it will raise up to Rs 6,000 crore by issuing bonds on a private placement basis to augment its long term resources.

Adani Enterprises: Adani Enterprises said that its wholly owned subsidiary Adani Airport Holdings has signed share subscription agreement with April Moon Retail and its existing shareholders—Arjun Ahuja, Karan Ahuja, Aliya Ahuja and Kabir Ahuja–for the purpose of strategic partnership to operate duty free outlets in airports.

Bharat Forge: Bharat Forge’s Aerospace Business Division, became the first organization to successfully achieve the Nadcap accreditation for Metallic Materials Manufacturing.

RBL Bank: The bank informed that the Reserve Bank of India (RBI) has imposed, a monetary penalty of Rs 2 crore on the bank for non-compliance.

Whirlpool: The company announced that it has entered into a share purchase agreement with Elica
SpA to acquire an additional stake in Elica PB India. The transaction is expected to close by the end of September 2021.

Raymond: The board of Raymond has approved consolidation of tools and hardware and auto components businesses into engineering business for improving synergies and exploring monetisation options for deleveraging the company.

Pondy Oxides & Chemicals: The company said the company has commenced trial production of copper recycling/ refining at existing plant in Chittoor, Andhra Pradesh.