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Stocks in Focus: Sunteck Realty, UltraTech Cement, BHEL, and Others

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The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.14% higher by 34 points at 25,037, indicating that the domestic benchmark indices are likely to make a negative start on Tuesday.

On Monday, 26 August, Domestic benchmark indices S&P BSE Sensex gained 612 points or 0.75%, to end at 81,698, while the Nifty50 traded 187 points or 0.76% higher and settled at 25,010.60.

Here are some stocks that are likely to remain in focus on 27 August.

Bharat Heavy Electricals: BHEL announced bagging significant order worth Rs 11,000 crore from Adani Power and its subsidiary, Mahan Energen, to supply equipment (Boiler, Turbine, Generator) and supervision of erection & commissioning for three power projects at Kawai, Rajasthan and Mahan, Madhya Pradesh. 

UltraTech Cement: The company has raised $500 million through a sustainability-linked loan with contributions from six banks. 

Sunteck Realty: The Realty major is looking to double the gross development value of its portfolio from Rs 30,000 crore to Rs 60,000 crore in three years on the back of a boom in residential sales in the city. 

Lemon Tree Hotels: The hotel chain has signed a licence agreement under its upscale brand, Aurika Hotels & Resorts, with Aurika, Surat in Gujarat. 

GPT Infraprojects: The company’s fundraising committee has approved the plans to raise funds through qualified institutional placement (QIP). 

KPI Green Energy: The company has received a letter of Intent for a 13.30-megawatt green energy project, which will be developed by its wholly-owned subsidiary Sun Drops Energia. 

Akums Drugs and Pharmaceuticals: In its quarterly earnings for April-June, the company reported a net profit of Rs 61.21 crore for the quarter from Rs 187.43 crore net loss reported in the same quarter last year. 

HCLTech: The company has extended its strategic partnership with Xerox to provide AI-driven engineering services and digital process operations. 

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