Download Unicorn Signals App

Powered By EquityPandit
 Signals, Powered By  EquityPandit
MARKETS

Stocks in Focus: Hindustan Aeronautics, Kaynes Tech, Lemon Tree Hotels, 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 25,361.50 indicating that the domestic benchmark indices are likely to make a lacklustre start on Tuesday. 

On Monday, 2 September, Domestic benchmark indices S&P BSE Sensex gained 194.07 points or 0.24%, to end at 82,559.85, while the Nifty50 traded 42.80 points or 0.17% higher and settled at 25,278.70.

Here are some stocks that are likely to remain in focus on 3 September.

Hindustan Aeronautics: The Cabinet Committee on Security (CCS) has approved the acquisition of 240 AL-31FP aero-engines for the Indian Air Force’s Su-30 MKI aircraft, which is valued at around Rs 26,000 crore. 

Kaynes Tech: The Cabinet approved a Rs 3,300 crore proposal by Kaynes Tech to establish a semiconductor packaging plant capable of producing 60 lakh chips daily

Lemon Tree Hotels: The hospitality company has signed a new property, Lemon Tree Hotel in Gir, Gujarat, which will be managed by Carnation Hotels Pvt Ltd that is a wholly-owned subsidiary of the company. 

ICICI Bank: The bank has denied all the allegations made by Congress, stating that the chairperson of SEBI, Madhabi Puri Buch, is still receiving salary from the bank while serving as a full-time member of SEBI. 

Welspun Corp: The company has approved an investment of $100 million to enhance the high-frequency induction welding pipe manufacturing and coating capabilities of Welspun Pipes, which is a wholly-owned subsidiary of the company. 

Medi Assist: Bessemer India has begun a block deal, for the shares of the company, and the shares are offered at a floor price of Rs 570 per shares, which is a 7.7% discount from the previous close. 

Gensol Engineering: The company announced that they, in collaboration with Matrix Gas & Renewables Ltd have emerged as the lowest bidder for a engineering, procurement, and construction (EPC) contract. 

Vodafone Idea: The telecom company has announced receiving tax demand orders totaling to Rs 73 crore from various GST offices for alleged short payment of taxes and excess input tax credit claims. 

Vedanta: The company led by Anil Agarwal has announced an interim dividend of Rs 20 per share. 

Discover the next big investment! Unicorn Signals’ IPO screener helps you identify promising initial public offerings. Download Unicorn Signals and get ahead of the curve! Sign Up Now & Find Your Next IPO Gem!

Get Daily Prediction & Stocks Tips On Your Mobile