Stocks To Watch 27 September: On the last trading day, Thursday (September 26), the NSE Nifty 50 rose 212 points or 0.81% to close at 26,216 while the BSE Sensex rose 666 points or 0.78% to close at 85,836.12. Today (Friday, September 27) the stocks of many companies will be in focus due to different news. In such a situation, let's know which stocks can see movement today...

Stocks In Focus Today 27 September, 2024 Friday

SpiceJet

The airline has paid salaries to its employees from June to August after raising Rs 3,000 crore through a qualified institutional placement (QIP). The move comes at a time when the airline is working to improve its financial stability amid current challenges including financial constraints and grounding of aircraft due to maintenance issues.

NTPC

NTPC Green Energy Limited (NGEL), a wholly owned subsidiary of NTPC, has entered into a joint venture (JVA) with the Maharashtra Government's Mahatma Phule Renewable Energy and Infrastructure Technology Limited for the development of renewable energy parks in the country.

RailTel

RailTel Corporation of India has received a major order worth Rs 155.72 crore (excluding taxes) from the Rural Development Department of Maharashtra.

Fortis Healthcare

IHH Healthcare (IHH) Group CEO Prem Kumar Nair announced that the company has no immediate plans to list its diagnostics branch, Agilus Diagnostics, even though it is important to the overall business. Fortis bought out private equity players' 31 percent stake in Agilus Diagnostics for Rs 1,780 crore, valuing Agilus at Rs 5,700 crore in the deal.

Reliance Power

Reliance Power said its subsidiary Rosa Power has made an advance payment of Rs 850 crore of its debt to Singapore-based lender Varde Partners. With this repayment, Rosa Power is on its way to becoming loan-free. Reliance Power said in a statement that the company aims to settle its remaining debt in the next quarter, completing the process before the end of the current financial year.

RITES

A consortium led by the company emerged as the lowest bidder in the tender issued by Delhi Metro Rail Corp Ltd, valued at Rs 87.58 crore, RITES said in an exchange filing.

HDFC Bank

The bank has sold its home loan portfolio of about 60 billion rupees ($717 million) to several state-run banks as part of its strategy to reduce loan load amid regulatory pressures. In addition, the bank offloaded a pool of car loans worth 90.6 billion rupees through securitized pass-through certificates. These moves are aimed at improving its loan-to-deposit ratio, which has been under scrutiny after its merger with Housing Development Finance Corp.

InterGlobe Aviation

The Board has appointed Isidro Pablo Porqueras Orea as the Company’s Chief Operating Officer, effective November 1, 2024. Porqueras will succeed Wolfgang Prock-Schauer, who will retire at the end of this year.

Systematix Corporate Services

The shareholders at the Annual General Meeting of the Company have approved the stock split by dividing one equity share of face value of Rs 10 into 10 equity shares of face value of Rs 1 each.

Amrutanjan Health Care

Promoters Nageshwaramma Private Trust sold a 2.88% stake in the company at an average price of Rs 760.08 per share, valued at Rs 63.29 crore. However, ICICI Prudential Mutual Fund acquired a 2.25% stake at an average price of Rs 760 per share, valued at Rs 49.4 crore.

Torrent Pharma

According to the company's regulatory filing on the Bombay Stock Exchange (BSE), Torrent Pharmaceuticals has denied claims that Shelcal 500 failed quality tests by the Central Drugs Standard Control Organisation (CDSCO). This comes after the CDSCO found over 50 drugs, including a batch of Shelcal 500, not conforming to standard quality (NSQ) in its monthly drug alert for August 2024.

Reliance Infra

Reliance Infrastructure is looking to raise long-term capital through various means, including equity shares and convertible securities. A board meeting is scheduled on October 1 to discuss the details. Recently, the company approved a plan to raise over Rs 6,000 crore, aimed at expanding the business and meeting long-term working capital needs.

Infosys

The IT services company announced a strategic collaboration with American international specialty beauty retailer Sally Beauty Holdings Inc. Infosys Topaz will provide enterprise-level IT efficiency through hyper-automation to deliver accelerated business value and future-proof the business.