Stocks To Watch: Religare Enterprises, Oil India, IDFC First Bank, PB Fintech, Adani Green Energy, Vedanta – Market News

GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a higher opening on Thursday. Here’s a look at the key stocks to watch in trade.

Stocks in Focus: GIFT Nifty traded higher as the index was up 68 points or 0.26% at 26,058 indicating a positive start for domestic indices NSE Nifty 50 and BSE Sensex on Thursday. Previously, on Wednesday, the NSE Nifty 50 closed the session 63.75 points or 0.25% higher at 26,004, while the BSE Sensex fell 256 points or 0.30% to close at 85,169.87.

Stocks to watch on September 26, 2024

Religare Enterprises

Rashmi Saluja, the executive chairperson of Religare Enterprises, has reached out to the Ministry of Finance and the Prime Minister’s Office for intervention amid allegations made by the Securities and Exchange Board of India (SEBI) and Enforcement Directorate (ED), Moneycontrol reported.

Stocks To Watch: Coal India, ONGC, Reliance Industries, OIL, Vedanta, Power Grid Corp

Stocks To Watch: L&T, Tata Steel, Adani Ports, HPCL, BPCL

Stocks To Watch: Religare Enterprises, Suzlon Energy, Lemon Tree, PNB Housing Finance, GMR Airports

Stocks To Watch: Infosys, Coal India, Adani Green Energy, KEC International, Ashoka Buildcon

Oil India 

Oil India is looking to start exploration activities in Nagaland and is engaged in discussions with the state and central government for the same, a top official of the company told FE. Additionally, the state-run company is hopeful of starting oil production from its block in Gabon in central Africa in the next financial year.

IDFC First Bank

IDFC Ltd has received a green light from the National Company Law Tribunal (NCLT), Chennai for the merger of IDFC Financial Holding Company with IDFC and their merger into IDFC First Bank.

PB Fintech

PB Fintech, the parent company of Policybazaar, is exploring plans to venture into the healthcare sector by establishing its own chain of hospitals, reported CNBC-TV18 citing sources. This move aims to unlock new value within the healthcare ecosystem, diversifying the company’s portfolio beyond its current focus on insurance and financial services.

Adani Green Energy 

Promoter entities Hibiscus Trade and Investment and Ardour Investment Holding have collectively acquired a 2.96% equity stake in Adani Green Energy Ltd on Wednesday.

Vedanta 

Vedanta Ltd’s board will meet on October 08 to consider the fourth interim dividend for FY25. The record date for the dividend, if declared, has been fixed as October 16.

Infosys 

Infosys has collaborated with Swedish electric performance car brand Polestar to create a base for the latter’s development of in-car infotainment, software and electrical/electronics engineering, user experience, and cloud-powered digital services. As part of this partnership, Infosys will establish a global technology hub for Polestar at its development centre in Bengaluru, according to an exchange filing.

SpiceJet

Carlyle Aviation Management has sold its 1.42% stake in SpiceJet via open market transactions, according to an exchange filing. The stake was offloaded between September 17 and 23. Over 1.81 crore shares with voting rights were sold under the transaction. Carlyle now holds 2.99 crore shares in the air carrier.

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