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Stocks in Focus: Adani Enterprises, Tata Power, SBI Cards, and Others

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The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.19% higher by 48 points at 25,396 indicating that the domestic benchmark indices are likely to make a positive start on Friday. 

On Thursday, 12 September, Domestic benchmark indices S&P BSE Sensex soared 398 points or 1.77%, to end at 82,963, while the Nifty50 traded 470 points or 1.89% higher and settled at 25,389.

Here are some stocks that are likely to remain in focus on 13 September.

Adani Enterprises: Swiss authorities have froze more than $310 million across multiple swiss bank accounts as a part of the ongoing money laundering investigations against entities that are allegedly linked to the Adani Group. 

Tata Power: The company’s subsidiary, Tata Power Renewable Energy has inked a MoU with Tata Motors for setting up 200 fast charging stations in all metro cities. 

SBI Cards and Payment Services: The Board of Directors of the company are set to meet on 18 September to consider and approve raising funds up to Rs 5,000 crore via the issuance of non-convertible debentures. 

Engineers India: Engineers India Ltd, a state-run engineering consultancy and EPC company, has secured new business contracts worth Rs 4,681 crore this fiscal year, boosting its order book to Rs 11,350 crore as of 31 August. 

HG Infra Engineering: The company has received approval from the Central railway in regards to the appointed date for its project, which involves constructing a new broad gauge line between Dhule (Borvihir) and Nardana in Maharashtra. 

Bharti Airtel: The company partnered up with Sparkle to acquire an additional capacity on the Blue-Raman Submarine Cable System that will enhance the company’s connectivity between Europe and Asia. 

Indian Hotels Company: The company has announced that they will develop two new hotels, Ginger and Vivanta, in Chennai’s Mahindra World City.

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