Stocks in focus: GIFT Nifty traded down by 50 points, or 0.25%, at 19,678.5 during Tuesday’s early trading session, indicating a negative opening for domestic indices NSE Nifty 50 and BSE Sensex. The benchmark equity indices ended Monday’s trading session on a flat note. The NSE Nifty 50 ended at 19,674.55 up by 30 points, while the BSE Sensex added 14.54 points to 66,023.69.
Stocks to Watch on September 26, 2023
Fortis Healthcare
The Board of the Company at its meeting held on September 25, 2023, accorded its consent to enter into a Share Purchase Agreement for acquiring 99.9% stake equivalent to 9,990 equity shares in Artistery Properties Private (‘Artistery’), according to the information available on the NSE.
Tata Steel
Moody’s Investors Service upgraded the corporate family rating of Tata Steel from ‘Ba1’ Positive to ‘Baa3’ Stable.
Wipro
IT services company Wipro on Monday announced that it has executed the sale of a parcel of land measuring 14 acres and 02 cents, along with a 20-year-old building in Chennai, Tamil Nadu.
Indigo
Kotak Institutional Equities recommended ‘Buy’ for the Indigo stocks and said, “We expect Indigo’s near-term financial performance will be impacted by two ongoing P&W (Pratt & Whitney) issues from FY2024-26 and high crude oil prices with the latter primarily impacting the second quarter of FY2024.”
Finolex
Proxy advisory firm InGovern Research Services has recommended shareholders of Finolex Cables to “defer” two resolutions, including reappointment of Deepak Chhabria as executive chairman for a five-year term. The firm also sought to defer payment of commission to non-executive directors.