Important Stocks Today : Nifty was below 26,200 on Friday (September 27). Sensex closed at 85,571.85, down 264.27 points or 0.31 percent, and Nifty closed at 26,179, down 37 points or 0.14 percent. Today (Thursday, September 26), the shares of many companies will be in focus due to different corporate actions and different news. In such a situation, let us know which sectors' shares will be in focus today…

Stocks In Focus Today 30 September, 2024 Monday

Larsen & Toubro (L&T)

L&T plans to expand its real estate business by increasing land acquisition and pre-sales. The company aims to grow its portfolio substantially with a focus on premium housing.

Welspun Enterprises

The company has been declared the L1 bidder by the Brihanmumbai Municipal Corporation (BMC) for the Rs 1,989.9 crore project. The project involves the design and construction of an 8.48 km tertiary treated water transport tunnel from Dharavi WWTF to Ghatkopar WWTF, to be completed in a period of 93 months.

IDFC First Bank

The board has approved the merger of IDFC Financial Holding Company into IDFC, which will be effective from September 30, and the merger of IDFC into IDFC First Bank, which will be effective from October 1. In addition, the board has appointed V Vaidyanathan as the MD and CEO of the bank for three years with effect from December 19, 2024.

zomato

Zomato co-founder and chief people officer Aakriti Chopra has resigned with immediate effect after a 13-year-long stint at the food delivery company.

NHPC

The company signed a joint venture agreement with Andhra Pradesh Power Generation Corp for incorporation of a joint venture company for pumped storage hydropower projects and renewable energy projects in Andhra Pradesh.

Punjab National Bank (Punjab National Bank, PNB)

State-run bank PNB has raised Rs 5,000 crore through a qualified institutions placement (QIP). It has approved the allotment of 48.19 crore shares for Rs 103.75 per share to qualified institutional buyers, including Citigroup Global Markets Mauritius - ODI, BOFA Securities Europe SA - ODI, SBI Contra Fund, Morgan Stanley Asia (Singapore) and Goldman Sachs.

Hindustan Unilever (HUL)

HUL is facing competition from smaller FMCG companies and unorganized sector players. The company has cut prices to retain market share and is now focusing on premiumization across its entire range of products.

ICICI Prudential Life Insurance Company

The company has received an order from the Assistant Commissioner of Income Tax, Mumbai, demanding tax and interest of Rs 361.23 crore for the assessment year 2022-23. The company plans to file an appeal against the order before the Commissioner (Appeals).

Sterling and Wilson Renewable Energy

Morgan Stanley Asia Singapore Pte, Societe Generale, and Citigroup Global Markets Mauritius have acquired a 2.8% stake in the renewable energy company at an average price of Rs 623 per share. Meanwhile, promoter Shapoorji Pallonji & Co sold a 5.78% stake at an average price of Rs 623.28 per share, and Khurshid Yazdi Daruwala sold his 1.35% shares at an average price of Rs 630.01 per share.

REC

The state-owned company has raised $500 million through a green dollar bond for renewable energy projects. The bond has a maturity date of September 27, 2029.

GMR Airports

The recent Supreme Court verdict allowed GMR Airports to continue operating Nagpur's Babasaheb Ambedkar International Airport after the closure of curative petitions by the Centre and AAI.

NLC India

The company is set to expand itself in the critical minerals space, with plans to achieve a mining capacity of 1 million tonnes per annum by 2029-30. The move is in line with the growing demand for critical minerals in renewable energy projects, including solar and wind. The company aims to increase its renewable energy capacity from 1,431 MW to 10,110 MW by 2030.

Reliance Infrastructure

The Calcutta High Court has ruled in favor of Reliance Infrastructure, upholding an arbitration award of Rs 780 crore (including accrued interest) against West Bengal-based Damodar Valley Corporation relating to the Raghunathpur thermal power project. The court dismissed Damodar Valley Corporation's appeal, and also released a bank guarantee of Rs 600 crore.