Stocks to watch on Thursday: nifty Futures on the Singapore Exchange were trading up 53 points, or 0.30 per cent, at 17,750, indicating that Dalal Street was headed for a positive start on Thursday. The market has seen a strong recovery from the day’s low for another session and closed with moderate gains on August 24, ahead of the expiry day for the August derivatives contracts. volatility index India The VIX also declined by 3.25 per cent to 18.43 levels, making the trend favorable for the bulls. BSE Sensex increased by 54 points to 59,085, while nifty 50 It climbed 27 points to reach 17,605.
stocks in the news
NHPC
The company said that its subsidiary NHPC Renewable Energy (NHPC REL) and the Government of Rajasthan have signed a Memorandum of Understanding (MoU) for the development of Ultra Mega Renewable Energy Power Park in Rajasthan. The main objective is to set up 10 GW Ultra Mega Renewable Energy Power Park, and the renewable energy projects will be developed by NHPC REL on EPC or developer mode.
Tata Power
An arm of Tata Group’s utility player has raised $320 million through a Sustainability Linked Loan (SLL) to refinance its debt. Finance industry watchers said SLLs are generally up to 0.25 per cent cheaper than conventional loans.
Wipro
The IT services provider has appointed Wagner Jesus as the country head and managing director for its operations in Brazil. Heading a non-financial business group, Jesus joined Wipro three years ago.
Barbecue-Nation Hospitality
Credit rating agency ICRA has upgraded the company’s credit rating to A (Stable) for bank facilities worth Rs 15.50 crore and for Rs 5 crore bank facilities, the rating has been upgraded to A2+.
PSP Projects
The company has bagged contracts worth Rs 247.35 crore from precast and government segments. With this, the total order flow for the current financial year 2022-23 is Rs 1,344.24 crore.
Indian Metals and Ferro Alloys
Investor Fox Consulting Services Pvt Ltd on August 19 sold 0.02 per cent stake in the company through an open market transaction. Due to this his stake in the company came down from 6.37 per cent to 6.35 per cent.
Future lifestyle fashion
Investor PI Opportunities Fund I has sold 6.24 lakh equity shares or 0.31 per cent stake in the company through open market transactions. This brought down its stake in the company to 2.76 per cent, from 3.07 per cent earlier.
lupine
The drugmaker said it has received USFDA approval for formoterol fumarate inhalation solution, which is used to treat symptoms of chronic obstructive pulmonary disease. This is a generic version of Mylan Specialty’s Perforomist Inhalation Solution.
TVS Motor Company
The two-wheeler firm said it will acquire 48 per cent stake in Narayan Karthikeyan’s pre-owned two-wheeler startup ‘DriveX’ for Rs 85 crore. The company said it will acquire 48.27 per cent stake in Encars Mobility Millennial Solutions Private Limited (NMMSPL), which operates under the ‘DriveX’ brand.
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