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Stocks in Focus: Zomato, NTPC, Nazara Technologies, and Others

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The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.35% higherer by 88 points at 25,488 indicating that the domestic benchmark indices are likely to make a positive start on Thursday. 

On Wednesday, 18 September, Domestic benchmark indices S&P BSE Sensex slumped 131.43 points to end at 82,948.23, while the Nifty50 traded 41 points lower and settled at 25,377.55.

Here are some stocks that are likely to remain in focus on 19 September.

Zomato: The company has received a GST demand order worth Rs 17.7 crore from West Bengal for the assessment period April 2021 and March 2022, and the company plans to appeal against the order. 

NTPC: NTPC Green Energy Ltd, the company’s green energy subsidiary, has filed for IPO papers to raise Rs 10,000 crore.  

Nazara technologies: The Board of Directors of the company has approved to raise Rs 900 crore and has also increased its stake in Absolute Sports, which operates Sportskeeda, to 91%. 

IREDA: The company has received approval from the government to dilute 7% stake and raise Rs 4,500 crore via a Qualified Institutional Investment (QIP). 

Tata Power: The company has received a Letter of Award from the Maharashtra State Electricity Distribution Company (MSEDCL) to develop a 400 megawatt (MW) for a wind-solar hybrid project in Maharashtra. 

Aditya Birla Capital: The company has received a ‘no objection’ letter from the Reserve Bank of India (RBI) for the proposed amalgamation of Aditya Birla Finance Limited with the company. 

Aurobindo Pharma: The company has announced their plans to acquire the remaining 49% stake in GLS Pharma for a total consideration of Rs 22.5 crore, making it its wholly-owned subsidiary. 

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