Tata Steel, Texmaco Rail, Jupiter Life Line, Vodafone Idea, Larsen & Toubro, and ONGC among top stocks to track today
Stocks to watch: The United Kingdom last week announced a joint investment package with Tata Steel worth 1.25 billion pounds, including a government grant of 500 million pounds, for the country's largest steelworks in Wales that will help protect thousands of jobs and boost the British economy.
Stocks to watch today: At 08:19 AM, the Gift Nifty was trading 22 points, or 0.11 per cent higher at 20,188.5 levels, indicating a flat-to-positive start to trade on Dalal Street on Monday, September 18.
Here's a list of stocks that may trade actively in today's trading session:
Tata Steel: The United Kingdom last week announced a joint investment package with Tata Steel worth 1.25 billion pounds, including a government grant of 500 million pounds, for the country's largest steelworks in Wales that will help protect thousands of jobs and boost the British economy.
L&T: The company's Rs 10,000 crore share buyback programme opens today.
Vodafone Idea: The telecom company has paid Rs 1701 crore to the Department of Telecommunications towards the annual installment for the spectrum acquired in the 2022 auction.
ONGC: The shares of the company are expected to be under pressure as the government has increased the windfall tax on domestic crude oil production significantly, while levies on the export of aviation turbine fuel (ATF) and diesel have been reduced.
Dabur India: In its Capital Markets Day 2023, the FMCG major reiterated plans to 1) grow power brands into power platforms 2) premiumise the portfolio 3) enter into new categories and increase total addressable market (TAM) (3.2x since 2019) and 4) expand into new variants and formats.
Texmaco Rail: The company's board has approved raising funds up to Rs 1,000 crore by way of issuance of equity shares through qualified institution placement ('QIP'). Further, the board has also approved raising up to Rs 50 crore via the issuance of equity shares of the company by way of preferential issue to the promoter(s) or promoter group.
Jupiter Life Line: The company's shares are slated to list on bourses today.
Defence stocks: The government has approved a slew of proposals to bolster India's defence sector. The Defence Acquisition Council (DAC), chaired by Defence Minister Rajnath Singh, approved a total of nine acquisition proposals totalling Rs 45,000 crore.
BEL: The company has received orders worth Rs 3,000 crore.
Restaurant Brand Asia: Promoter, QSR ASIA PTE LTD sold 12.54 crore shares (25.36 per cent stake) at Rs 119.10 per share. It has reduced the stake to 15.44 per cent from 40.80 per cent.
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