MARKETS

Stocks in Focus: Sun Pharma, Sterling and Wilson, and Others

Stocks in Focus: Lloyds Engineering, SEAMEC, RailTel, and Others - EP
Picture Source: Internet

The GIFT Nifty futures, which is an early indicator of the Nifty50 index stocks, was trading higher by 52 points at 25,002, indicating that the domestic benchmark indices are likely to make a positive start on Wednesday.

Earlier on Tuesday, 9 September, the Domestic benchmark indices S&P BSE Sensex gained by 314 points or 0.39%, and settled at 81,101, while the Nifty50 traded 0.39% higher or 95 points, closing at 24,868.

Here are some stocks that are likely to remain in focus on 10 September.

Sun Pharma: The US FDA classified Sun Pharma’s Halol facility as Official Action Indicated (OAI), stating that the unit is not fully compliant with certain current good manufacturing practices (CGMP). The Halol plant remains under Import Alert, preventing shipments into the US, except for exemptions due to drug shortages, until it meets FDA and CGMP standards.

Sterling and Wilson: Sterling and Wilson Renewable Energy received a Letter of Intent (LOI) from a leading private Independent Power Producer (IPP) for a BOS EPC package to develop a 300 MW AC / 420 MWp DC solar PV project in Rajasthan, along with a 220/33 kV pooling substation. The contract is valued at Rs 415 crore, including operations and maintenance.

Samvardhana Motherson: The company’s indirect subsidiary, Motherson SAS Turkey Otomotiv Servis Ticaret (MSAS Turkey), completed the acquisition of the remaining 25% stake in SMR Plast Met Moulds and Tools Turkey Kalip Imalat Anonim Sirketi and SMR Plast Met Automotive Tec Turkey Plastik Imalat Anonim Sirketi.

Tata Motors: Tata Motors signed a Share Subscription and Shareholders’ Agreement with Tata Power Renewable Energy to acquire a 26% equity stake in TP Paarthav and TP Marigold, both special purpose vehicles (SPVs) and subsidiaries of Tata Power Renewable Energy.

HEG: Bhilwara Energy, an associate firm of HEG, acquired Statkraft’s 49% minority stake in Malana Power Company, making it the sole owner. The deal also transferred Statkraft’s stake in the Malana Hydropower Plant (86 MW) and the Allain Duhangan Hydropower Plant (192 MW) in Himachal Pradesh to Bhilwara Energy of the LNJ Bhilwara Group.

Ready to invest like a pro? Unicorn Signals app equips you with 100+ Free tools and knowledge you need to succeed. Download the Unicorn Signals app and gain access to daily stock lists and insightful market analysis and much more!

Click here to check market prediction for next trading session.

Get Daily Prediction & Stocks Tips On Your Mobile


I would like to receive communication from EquityPandit via sms, email, whatsapp, Google RCS for offers, updates etc.



πŸ“°
News
πŸ“ˆ
Prediction
πŸ“Š
FII / DII
πŸ‘”
Advisory
Get 1-2 Index Option Trades Daily