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Stocks in Focus: Bajaj Finance, Delta Corp, LIC and Others

The $12.6 billion increase is also the largest weekly addition since 14 July 2023.

The GIFT Nifty futures were trading in the green before the market’s opening on Monday. Domestic Indices are expected to open on a similar flat-to-positive note.

Domestic equity indices, S&P BSE Sensex and NSE Nifty 50 ended lower for the fourth consecutive session on Friday. The Sensex slid 221.09 points or 0.33% to settle at 66,009.15, while the Nifty closed at 19,674.25 after shedding 0.34% or 68.1 points.

Here are some of the top stocks to watch on September 25.

Life Insurance Corporation (LIC): The insurer has a notice from the Additional Cell Tax Commissioner of Bihar for total CGST and SGST due to the tune of Rs 290.50 crore, including Rs 16.67 crore penalty and Rs 107 crore interest. The company said on Friday that it would file an appeal against the tax notice.

Karnataka Bank: The bank’s board has approved raising Rs 1,500 crore through preferential rights issues or Qualified Institutional Placement (QIP). Rs 800 crore has already been raised in equity capital from institutional investors through preferential issues; the rest, up to Rs 700 crore, will be mobilised in the next six months.

Delta Corp: The Directorate General of GST Intelligence, Hyderabad, on Friday, sent an intimation for payment of shortfall central and state Goods and Services Tax (GST) to the company and its subsidiaries, amounting to nearly Rs 16,823 crore in unpaid taxes and interest for the period between July 2017 and March 2022.

Swan Energy: The board of the company has approved a proposal to raise up to Rs 1,435 crore through the preferential issue of up to 2.9 crore equity shares at Rs 495 per share.

Bajaj Finance: The company’s board is set to meet on October 5 to consider the proposal for raising funds through preferential issues, QIPs, or other means.

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