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Stocks in Focus: Reliance Industries, Sona BLW, Suzlon Energy, and Others

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The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.32% higher by 81.50 points at 25,348 indicating that the domestic benchmark indices are likely to make a positive start on Thursday. 

On Wednesday, 4 September, Domestic benchmark indices S&P BSE Sensex slumped 202.80 points or 0.25%, to end at 82,352.64 while the Nifty50 traded 81.15 points or 0.32% lower and settled at 25,198.70.

Here are some stocks that are likely to remain in focus on 5 September.

Suzlon Energy: The company has announced the sale of its corporate office, One Earth, for a total consideration of Rs 440 crore. The company sold the office to OE Business Park. 

Reliance Industries: The Board of the company is set to meet and consider a bonus issue of 1:1. The company has also approved to set up a battery manufacturing facility for up to 10 gigawatt (GW) under the Rs 3,620 crore Production Linked Incentives (PLI) scheme. 

Sona BLW: The company has launched a Qualified Institutional Placement (QIP) to raise funds up to Rs 2,400  crore. 

Star Health and Allied Insurance: The company is looking to collaborate with insurers in Africa and West Asia for inward reinsurance opportunities via GIFT City. 

Allied Blenders and Distillers: The company’s Board has approved to acquire 80% stake in a new venture with film star Ranveer Singh. The new entity will have a focus on luxury and premium spirits that will have an investment of Rs 70 crore. 

Matrimony.com: The Board of Directors of the company are set to meet on 5 September to consider buyback of shares. 

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