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Stocks in Focus: Delta Corp, MCX, Gillette India, TVS Holdings, and Others

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The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.18% lower by 48 points at 25,935, indicating that the domestic benchmark indices are likely to make a negative start on Wednesday. 

On Tuesday, 24 September, Domestic benchmark indices S&P BSE Sensex slipped 14.57 points or 0.02% to end at 84,914.04 while the Nifty50 traded 1.35 points higher or 0.01% and settled at 25,940.

Here are some stocks that are likely to remain in focus on 25 September.

Delta Corp: The Board of the company has approved the demerger of its hospitality and real estate business into a separate entity, Delta Penland Private Ltd. This decision was taken to unlock value and provide better growth opportunities for both business verticals.

Gillette India: Procter & Gamble Bangladesh Pvt Ltd has terminated the company’s distribution agreement, effective from 31 December 2024.

MCX: The Multi Commodity Exchange of India has announced a revision in the transaction fees for the futures and options (F&O) contracts, following a directive from SEBI. 

TVS Holdings: The company has received approval from the Competition Commision of India (CCI) for acquiring stake in Home Credit by TVS Holdings, STPL Trading, and Premji Invest Group.

Infosys: The Central Board of Indirect Taxes and Customs (CBIC) is considering modifying its 26 June, 2024 circular, which could pave the way for quashing the entire Goods and Service Tax liability of Infosys.

Easy Trip Planner: The promoter of the company, Nishant Pitti is looking to offload 8.5% stake in the company via a block deal, taking the estimated block size to Rs 622 crore. 

Tata Power: The company has reported a fire incident at its Trombay plant in Maharashtra and has assured us that the plant is adequately insured. However, the cause of the fire is still under investigation, and no injuries or loss of life have been reported. 

PC Jeweller: The Board of Directors of the company are set to meet on 30 September to discuss crucial business matters, including stock split.

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