MARKETS

Stocks in Focus: Bharat Electronics, UPL, HFCL, and Others

Stocks in Focus: Lloyds Engineering, SEAMEC, RailTel, and Others - EP
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The GIFT Nifty futures, which is an early indicator of the Nifty50 index stocks, was trading higher by 30 points at 24,759, indicating that the domestic benchmark indices are likely to make a positive start on Tuesday.

Earlier on Monday, 1 September, the Domestic benchmark indices S&P BSE Sensex gained by 500 points or 0.70%, and settled at 80,365, while the Nifty50 traded 0.81% higher or 200 points, closing at 24,652.

Here are some stocks that are likely to remain in focus on 2 September.

Bharat Electronics: The company has secured additional orders worth Rs 644 crore since 30 July. Key projects include a data centre, ship fire control system, tank navigation system, communication equipment, seekers, jammers, simulators, and electronic voting machines.

UPL: UPL Global, the UK-based subsidiary of the company, has announced entering into a Share Subscription Agreement to acquire a 49% stake in Thailand-based Grow Chemical. The acquisition is expected to close by December 2025.

HFCL: HFCL executed a share purchase agreement to divest its entire 15.19% stake in Nivetti Systems Pvt. Ltd. to Trinity Tech Solutions, Bengaluru, for Rs 52.51 crore. The company received Rs 12 crore on 1 September, with the balance due by 15 October.

CEAT: The company has announced acquiring Michelin Group’s CAMSO construction compact line business, along with their Sri Lanka-based Midigama plant and casting product plant in Kotugoda, for a total consideration of $171 million.Β 

Puravankara: Puravankara, through its wholly owned subsidiary Purva Blue Agate, acquired redevelopment rights for a prime residential society in Malabar Hill, Mumbai. The 1.43-acre project offers 0.7 million sq. ft. of development potential, with an estimated revenue potential of Rs 2,700 crore.

Axiscades Technologies: Axiscades Technologies announced two new contracts in aircraft cabin interiors design, development, and retrofit solutions. The pilot orders, worth $1.2 million, came from a global aerospace OEM and a leading aircraft cabin interiors company in Europe and the US.

State Bank of India: Indian Railways signed an MoU with the company to extend substantial insurance coverage to its employees and their families. Employees holding salary accounts with SBI will receive accidental death insurance worth Rs 1 crore.

Fortis Healthcare: The company’s subsidiary, International Hospital (IHL), signed a 15-year lease agreement with RR Lifesciences for a fully operational 200-bed multi-speciality hospital in Greater Noida.

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