MARKETS

Stocks in Focus: Jupiter Wagons, RVNL, HAL, 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 16 points at 25,088, indicating that the domestic benchmark indices are likely to make a positive start on Thursday.

Earlier on Wednesday, 10 September, the Domestic benchmark indices S&P BSE Sensex gained by 324 points or 0.40%, and settled at 81,425, while the Nifty50 traded 0.42% higher or 105 points, closing at 24,973.

Here are some stocks that are likely to remain in focus on 11 September.

Jupiter Wagons: Jupiter Wagons announced that its subsidiary, Jupiter Tatravagonka Railwheel Factory Pvt. Ltd., received a Letter of Acceptance from the Ministry of Railways for supplying 9,000 FIAT axles used in LHB coaches. The Railway Board issued the order, worth about Rs 113 crore, on 9 September.

Rail Vikas Nigam: RVNL emerged as the lowest bidder (L1) for a West Central Railway project valued at Rs 169.49 crore, including taxes. The contract involves designing, modifying, supplying, erecting, testing, and commissioning a 220/132kV/2Γ—25 kV Scott-connected traction substation, switching posts with AT, and SCADA integration between the BINA and RTA sections of the Bhopal division.

Hindustan Aeronautics: HAL signed a formal agreement with the Indian Space Research Organisation (ISRO) for the transfer of technology to produce Small Satellite Launch Vehicles (SSLVs). With this Rs 511 crore project, HAL will build, integrate, and operate SSLVs designed to place payloads of up to 500 kg into low-Earth orbit.

Premier Explosives: The company has announced securing a Rs 7.83 crore order from the Ministry of Defence to supply Counter Measures. The defence manufacturer said in an exchange filing that it expects to complete the order within 12 months. The company, which supplies propellants for missiles to the Ministry of Defence, also provides defence and commercial explosive solutions.

Mazagon Dock: Mazagon Dock Shipbuilders entered negotiations with the Indian Navy for the long-pending submarine programme Project P-75(I). The talks follow the Ministry of Defence’s August approval for the state-run shipbuilder to begin cost discussions with Germany’s Thyssenkrupp Marine Systems on building six conventional submarines, a project estimated at nearly Rs 70,000 crore.

Highway Infrastructure: The company secured a Letter of Award (LOA) worth Rs 69.8 crore from the National Highways Authority of India to operate the Muzaina Hetim Fee Plaza in Uttar Pradesh, with operations set to begin on 18 October. It also signed a contract to operate a toll plaza on a 4-lane Greenfield Expressway in Rajasthan for Rs 18.97 crore, with operations starting 11 September.

Dr Reddy’s Lab: Dr Reddy’s Laboratories completed its definitive agreement with Johnson & Johnson to acquire the Stugeron brand, including Stugeron Forte, Stugeron Plus, and related assets across 18 markets in the Asia-Pacific (APAC) and Europe, Middle East, and Africa (EMEA) regions. India and Vietnam will serve as key markets in this $50.5 million deal. Stugeron, which contains Cinnarizine, is used to treat vestibular disturbances and vertigo.

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