Stocks In Focus Today 16 September, 2024: The Indian equity market closed with a slight decline on 13 September. On Friday, the Sensex closed down 71.77 points or 0.09 percent at 82,890.94 and the Nifty closed down 32.40 points or 0.13 percent at 25,356.50. Meanwhile, today on Monday 16 September, many stocks will be in focus. Know the details of these stocks ahead.
JSW Energy
The Company's subsidiary, JSW Renew Energy II Limited, has commissioned 300 MW wind power capacity under Tranche X of Solar Energy Corporation of India's 450 MW ISTS-connected wind power project located at Thoothukudi, Tamil Nadu.
Adani Green Energy and Adani Power
Adani Green Energy will enter into a long-term power purchase agreement with Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the supply of 5 GW (5000 MW) of solar power from the world's largest renewable energy park being developed at Khavda in Kutch district of Gujarat.
Royal Orchid
The company has received an arbitration award (winning a decision in a dispute) which includes a refund of a security deposit of Rs 2,14,26,000 and damages of Rs 25,00,000 from Rock Reality Pvt Ltd. The award was pronounced on September 10, 2024.
EIH Limited
The company in its board meeting has approved the investment to develop a mixed use project in Pune. The total estimated cost of the project is Rs 972 crore.
Avenue Supermarts
The company opened a new store in Sagar, Madhya Pradesh, taking its total number of stores to 376.
GMR Airports
In August, passenger traffic grew 9 percent year-on-year and 0.1 percent month-on-month to 10.6 million. Domestic passenger traffic grew 7.4 percent year-on-year.
InterGlobe Aviation (IndiGo)
In August, IndiGo's market share rose to 62.4 percent from 62 percent in July. The airline's market share is improving, after a 160 basis point drop in January 2024. IndiGo carried 8.19 million passengers in August.
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