Infosys, Sterling & Wilson, SpiceJet, Bata, L&T, NTPC, and Texmaco Rail among top stocks to track today

Stocks to watch: The BSE Sensex continued its winning streak for the eighth day in succession on Tuesday, while the Nifty closed marginally lower after scaling its new all-time high amid mixed global market trends. The 30-share BSE Sensex rose 94.05 points, or 0.14 per cent, to settle at 67,221.13. During the day, it jumped 412.02 points, or 0.61 per cent, to 67,539.10.

The Nifty, however, lost all its gains and ended marginally lower by 3.15 points, or 0.02 per cent, at 19,993.20. During the day, it jumped 114 points, or 0.57 per cent, to hit its all-time high of 20,110.35. At around 8:13 a.m. on Wednesday, September 13, the GIFT Nifty futures traded 7.20 points, or 0.04 per cent, higher at 20,044, suggesting a flat-to-positive start to the market.

ZeeBiz takes you through the list of stocks that can be on investors' radar as bourses open on Wednesday morning.

Infosys

The Indian IT giant announced on Tuesday a strategic multi-year collaboration with STARK Group, Europe’s largest retailer and distributor of building materials, to power its digital transformation journey.

As part of this collaboration, Infosys and STARK Group will establish a state-of-the-art data centre in Denmark, which will serve as the foundation to drive technological advancements and provide seamless services to STARK Group’s offices across Europe.

Sterling & Wilson 

Sterling and Wilson on Tuesday announced signing a memorandum of understanding (MoU) with DataVolt of Saudi Arabia for the development and construction of data centres.

The MoU was signed on Monday, September 11, in the national capital, Sterling and Wilson said in a statement.

Tata Power

Tata Power Delhi Distribution on Tuesday announced its strategic partnership with the US-based cyber security and data analytics software company Utiltyx.

The partnership aims to enhance the company's preparedness against future threats and challenges related to cyber security, according to a company statement.

SpiceJet

SpiceJet on Tuesday paid Rs 100 crore to Kal Airways promoter Kalanithi Maran as part of a Rs 380 crore arbitral award order, following a directive from the Delhi High Court on Monday instructing the low-cost airline to fulfil the payment obligation.

"SpiceJet Ltd. has completed the payment of Rs 100 crore to Kal Airways Private Ltd. While a payment of Rs 77.5 crore had been made to Kal Airways till September 11, the remaining Rs 22.5 crore was paid on Tuesday," an airline spokesperson said.

CRISIL

The rating agency on Tuesday approved an acquisition of 100 per cent of the equity share capital of Bridge to India Energy Private Limited, at a consideration of Rs 6 crore, subject to closing adjustments.

The company said that an additional payment of Rs 1.3 crore will be paid upfront as non-compete fees.

The binding agreement with respect to the acquisition was signed on Tuesday.

Steel stocks

Domestic steel prices are expected to remain stable in the coming months of the current fiscal year, backed by strong demand, rising coking coal prices, and production-related dynamics in China amid a slowdown in the global economy, according to a Crisil report released on Tuesday.

In its market intelligence and analytics report, Crisil expects flat steel to hover around Rs 59,000 per tonne and Rs 56,000 per tonne for long steel.

After the report, steel stocks such as Tata Steel, SAIL, JSW Steel, and Jindal Steel and Power are expected to be in focus in early morning deals on Wednesday.

CONCOR

The state-run company said on Tuesday that the Ministry of Railways has communicated to it about the appointment of Shri Rajesh Pathak, Principal Executive Director/TT/M, Railway Board, as part-time government director on the board of CONCOR with immediate effect, till he holds the post of principal executive director/TT/M, Railway Board or further orders, whichever is earlier.

Sugar stocks

Minister of Petroleum and Natural Gas of India, Hardeep Singh Puri, said in a conversation with Zee Business that the government has been interested in biofuels for a long time and will achieve the target of 20 per cent ethanol blending by 2025. He added that green hydrogen and biofuels will become the future of energy.

Petrol and diesel-related stocks

Hardeep Singh Puri, while commenting on petrol and diesel prices, said that states will have to consider bringing petrol and diesel under the Goods and Services Tax (GST). The centre has no objection to bringing petrol and diesel under GST.

InterGlobe Aviation (IndiGo)

The company may take 22 aircraft from the secondary lease market, according to reports. Due to a Pratt & Whitney engine problem, the company's A320 Neo Airbus aircraft is grounded, but the company can lease the aircraft outside.

RITES Ltd 

The company signed a Memorandum of Understanding (MoU) with Moçâmedes Ferro Caminos for cooperation in the development of railways and related infrastructure, including the supply of rolling stock. Under the agreement, the company and Moçâmedes Ferro Caminos will cooperate in the operation and maintenance of railway infrastructure, information technology services, technical maintenance and master planning, and other areas.

NBCC /IRCTC 

Indian Railway Catering and Tourism Corporation (IRCTC) has signed a MoU with NBCC Services for the planning, design, and execution of interior works of upcoming offices in Delhi, the World Trade Center, and Naoroji Nagar.

GE Power India Ltd 

The company received a purchase order of Rs 25 crore from Vedanta for the combustion modification of the boiler. The order is commissioned to be completed within 14 months.

Vedanta ltd

Founder and Chairman of Vedanta Resources Limited, Anil Agarwal, plans to transfer Zambia's Konkola Copper Mines from Vedanta Resources to the listed company Vedanta Ltd. This will create a fully integrated copper vertical company and become a successful international copper company.

Sanghi Industries 

The National Company Law Tribunal (NCLT), Hyderabad, has rejected the petition in Chairman and Managing Director of Sanghi Industries Ravi Sanghi's case. Ravi Singhi had acquired a 2.09 per cent stake in the company, and the acquisition was challenged on several issues. On January 31, 2020, the Supreme Court rejected a petition.

BPCL 

BPCL has envisaged a modern petrochemical complex at its Bina Refinery near Sagar in Madhya Pradesh. The cost of this project will be Rs 49,000 crore. The government will not disinvest in BPCL at present.

Texmaco Rail 

The company will consider raising funds at its board meeting, scheduled to be held on September 15. 

PNC Infratech 

Non-promoter HDFC MF (PAC) bought 51.94 lakh shares (2.02 per cent).

L&T Finance Holdings

SBI LIFE INSURANCE COMPANY bought 1.46 crore shares, DSP BLACKROCK MUTUAL FUND bought 117.92 lakh shares, BAJAJ ALLIANZ LIFE INSURANCE bought 31.87 lakh shares, AXIS MUTUAL FUND bought 19.10 lakh shares, KEY SQUARE MASTER FUND LP bought 12.70 lakh shares, and LAKSHMI CAPITAL INVESTMENTS bought 8.09 lakh shares. 

Shyam Metalics

The offer for sales was subscribed 71.25 per cent by retail investors and 358.7 per cent by non-retail investors.

Bata India 

Brokerage firm Citi has initiated a'sell' call on the stock with a target price of Rs 1,310 apiece.

MCX

Brokerage firm UBS has given a 'buy' rating and has raised the target price to Rs 2,100 from Rs 1,950 apiece.

Granules and IOL Chemicals 

The price of Paracetamol Active Pharmaceutical Ingredient (API) in US markets is expected to increase by 9 to 22 per cent in September.

NTPC

The state-owned power giant completed the trial operations of unit-1 of 800 MW capacity of Stage-I (2 x 800 MW) of the Telangana Super Thermal Power Project. With this, the installed capacity of NTPC and NTPC Group has become 57,838 MW and 73,824 MW respectively.

(With inputs from PTI)

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