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Stocks in Focus: CDSL, Zomato, Shipping Corporation of India, and Others

Picture Source: Internet.

The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.01% lower by 3.50 points at 25,290 indicating that the domestic benchmark indices are likely to make a lacklustre start on Thursday.

On Thursday, 29 August, Domestic benchmark indices S&P BSE Sensex gained 349 points or 0.43%, to end at 82,135, while the Nifty50 traded 99.60 points or 0.40% higher and settled at 25,152.

Here are some stocks that are likely to remain in focus on 30 August.

Zomato: The food delivery giant has received a GST tax demand order worth over Rs 4.59 crore, which includes applicable interest and penalty from West Bengal and Tamil Nadu authorities. 

CDSL: The Central Depository Services (India) has received a nod from the Securities and Exchange Board of India (SEBI)  to appoint Nehal Vora as the company’s MD & CEO. 

Shipping Corporation of India: The company has received a demand order worth Rs 160.37 crore from the  Deputy Commissioner of State Tax in Mumbai.

Adani Group: The company has infused around Rs 2,000 crore in the Dharavi Redevelopment Project, which is the largest slum redevelopment initiative in Asia that covers 640 acres in Mumbai. 

NTPC: The company has announced its plans to set up a new subsidiary to undertake nuclear projects. 

LIC: The company has been slapped with a rs 605.58 crore demand notice for short payment of Goods and Services Tax (GST) for the financial year 2019-20.

RVNL: Rail Vikas Nigam Ltd has signed a Memorandum of Understanding (MoU) with Patel Engineering to cooperate and jointly pursue hydro and infrastructure projects domestically and internationally.

Sugar Stocks: The government of India has removed the cap on sugar diversion for ethanol production for Ethanol Supply Year – December to November 2024-25. 

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