Stocks to watch: Zee, Shree Cement, Jindal Steel and Power, Dynacons Systems
ce investor Rakesh Jhunjhunwala through investment arm Rare Enterprises bought 50 lakh shares in ZEE at an average price of Rs 220.44 per share
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise over 30 points at the opening bell. The US markets ended lower on Tuesday, giving up gains earlier in the session after a better-than-feared inflation reading and falling back into their September doldrums. Asian markets traded lower in early deals on Wednesday following weakness in US markets. Back home, in a range-bound session, Indian equity benchmarks closed flat on a positive bias on Tuesday amid gains in utilities, consumer discretionary, auto and TECK shares. Here is the list of top stocks that could be in focus on September 15, Wednesday.
Shree Cement: The board of directors of the company has approved setting up of an integrated cement plant at Village Gothra in Nawalgarh Tehsil of Rajasthan and solar power plants at various locations to meet the captive requirement of the cement plants of the company.
Zee Entertainment Enterprises (ZEE): Ace investor Rakesh Jhunjhunwala through investment arm Rare Enterprises bought 50 lakh shares in ZEE at an average price of Rs 220.44 per share in a block deal on the NSE on Tuesday. BOFA SECURITIES EUROPE SA also bought 48.65 lakh shares at an average price of Rs 236.20 per share.
Auto stocks: The Union cabinet is reportedly likely to consider a production linked incentive (PLI) scheme for specific segments in the automobile sector on Wednesday.
Jindal Steel and Power (JSPL): Credit rating agency CRISIL Ratings has upgraded its rating from CRISIL A with stable outlook to CRISIL A+ with Positive outlook on the Long Term Bank Facilities and from CRISIL A2+ to CRISIL A1+ for Short Term Bank Facilities of the company.
Dynacons Systems & Solutions: Won an e-governance contract worth Rs 7.46 crore for development & management of GMDMA website, disaster management app and command & control system along with comprehensive maintenance of automatic weather stations, flow level sensor from the Municipal Corporation of Greater Mumbai.