Stocks in Focus: Nuvama Wealth Management, Torrent Pharmaceuticals, Piramal Enterprises and More
Let's catch up on the latest news from the stock market. From significant investments to major deals, fund raising, and appointments, here’s a quick look at which stocks will be in focus in today's trade:
Stocks To Watch
Nuvama Wealth Management
Edel Finance Company and Ecap Equities are likely to sell a 6.4% equity stake in Nuvama Wealth Management via block deals, according to reports by CNBC-TV18. The floor price for the deal may be set at Rs 6,455 per share, with a block size of Rs 1,464.8 crore.
RITES
A RITES consortium has emerged as the lowest bidder for a project worth Rs 87.58 crore from the Delhi Metro Rail Corporation.
Torrent Pharmaceuticals
The company has denied that its Shelcal 500 failed a CDSCO quality test, stating that the seized sample was non-genuine.
Life Insurance Corporation of India
S Sunder Krishnan has resigned as the Chief Risk Officer, effective September 25.
Indian Bank
The bank's board approved raising up to Rs 5,000 crore in long-term infrastructure bonds.
Piramal Enterprises
The subsidiary has sold its property in Santacruz for Rs 187 crore.
Systematix Corporate Services
Shareholders approved a stock split, dividing one equity share of Rs 10 face value into 10 shares with a Re 1 face value.
Muthoot Capital Services
Ajay Muchhal has been appointed as National Head – Credit.
Union Bank of India
A proposed strike by a joint forum representing customer service associates has been put on hold.
Railtel Corporation of India
The company received a Rs 155.72 crore work order for the ASSK-GP project.
Infosys
The IT company announced a strategic collaboration with Sally Beauty Holdings Inc.
InterGlobe Aviation
The board appointed Isidro Pablo Porqueras Orea as COO, effective November 1, 2024.
Biocon
Biocon signed a licensing agreement with Tabuk Pharmaceutical Manufacturing Company to commercialize GLP-1 products.
Nifty 50 Index Rejig
Trent and Bharat Electronics will replace Divis Laboratories and LTIMindtree in the Nifty 50 index.
Bulk Deals
- Amrutanjan Health Care: Promoter Nageswaramma Private Trust sold a 2.88% stake.
- Mos Utility: A consortium acquired an 11.1% stake.
- Five Star Business Finance: TPG Asia VII SF Pte and others sold a 19.21% stake.
- Gulf Oil Lubricants India: Promoter Gulf Oil International sold a 4.2% stake.
Results Today
- Kross, Jamna Auto Industries
- SME Listings and Ex-Dividend Stocks
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.