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Stocks in Focus: JK Tyres, Firstsource Solutions, Indo Count Industries, and Others

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The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.15% higher by 38 points at 24,500.50 indicating that the domestic benchmark indices are likely to make a positive start on Tuesday. 

On Monday, 16 September, Domestic benchmark indices S&P BSE Sensex jumped 97.84 points or 0.12%, to end at 82,988.78 while the Nifty50 traded 27.25 points or 0.11% higher and settled at 25,383.75.

Here are some stocks that are likely to remain in focus on 17 September.

JK Tyres: The Board of Directors of the company has approved merging with Cavendish Industries, wherein the company will issue 92 shares of JK Tyres for every 100 shares of Cavendish Industries. 

Firstsource Solutions: The company has announced a strategic partnership with Microsoft to offer advanced digital transformation services globally, using Microsoft Azure OpenAI Service. 

Indo Count Industries: The company’s US subsidiary, Indo Count Global Inc. has acquired a 81% stake in Fluvitex USA, Inc. by inking a stock purchase agreement worth $19.63 million with Masias Invest SL. 

Reliance Infrastructure: The company’s board is set to meet on `9 September to consider and discuss raising funds via a preferential issue.

TVS Motors: The company has launched the revamped Apache RR310 at a starting price of Rs 2.75 lakh, marking a Rs 3,000 increase from the previous model.

Sundar Manganese and Iron Ores: The Board of Directors of the company have considered and approved raising funds up to Rs 1,000 crore via a Qualified Institutions Placement (QIP) in one or more tranches.

PN Gadgil Jewellers: The company is set to list today on the exchanges after receiving 59.41 times subscription. The shares are commanding a GMP of Rs 309 in the unlisted market, indicating a premium listing of over 64%.

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