Indian stock market: The domestic equity market indices, Sensex and Nifty 50, are expected to open on a muted note Monday following mixed trends in global markets.
Indian economy grew at 6.7% in the April-June quarter, marking the slowest pace in five quarters. This follows a 7.8% expansion in India’s GDP in the previous quarter.
Gifty Nifty is trading up with 19 points.
Asian markets traded mixed. Japan’s Nikkei 225 rose 0.94% while the Topix gained 0.49%. South Korea’s Kospi declined 0.49%, and the Kosdaq fell marginally. Hong Kong Hang Seng index indicated a lower opening.
US stock market closed with strong gains last week after fresh economic data raised expectations of the US Federal Reserve rate cut in September.
Stocks in News Today :
NBCC
The Board of NBCC approved a bonus issue of shares to shareholders in the ratio of 1:2.

Eicher Motors
Eicher Motors VEVC sales for August were up marginally by 1% year-on-year to 6,543 units.

ET Main
The Economic Times App

10M Downloads

Download
ETLogin button

Today’s Paper
Recos
Stocks
Screeners
Stream
Watchlist

Top SearchesSensex TodayPaytm Share PriceSugar StocksBaazar Style Retail IPOBoss Packaging Solutions IPOStocks in newsReliance AGM 2024 Live NewsAmbuja Cement Share PriceSpiceJet Q1 ResultsOla Electric Q1 ResultsUltraTech Cement Q4 ResultsWipro Q4 Results
News
Stocks in news: NBCC, Biocon, Maruti Suzuki, Tata Motors, Bajaj Finance, FirstCry, Unicommerce

ETtech
Brainbees Solutions, which operates the Firstcry brand, narrowed its consolidated net losses to Rs 57 crore for the quarter that ended June 2024.
Synopsis

The Board of NBCC approved a bonus issue of shares to shareholders in the ratio of 1:2, which means investors will get one additional share for every 2 shares investors hold in the company.

Indian markets have regained the recent highs, ending August on a high, reflecting the continuation of optimism. In today’s trade, shares of NBCC, Biocon, Maruti Suzuki, Tata Motors, Bajaj Finance, FirstCry, and Unicommerce among others will be in focus due to various news developments.

ADVERTISEMENT

NBCC
The Board of NBCC approved a bonus issue of shares to shareholders in the ratio of 1:2, which means investors will get one additional share for every 2 shares investors hold in the company.

Maruti Suzuki:
Maruti Suzuki reported total sales of 1.81 lakh units in August, which were down 4% year-on-year.

Tata Motors:
Tata Motors posted total sales of 71,693 units in August, which was down from 78,010 units in the same month the previous year. Total CV sales were down 15% to 27,207 units.

Eicher Motors:
Eicher Motors VEVC sales for August were up marginally by 1% year-on-year to 6,543 units.

TVS Motor Company (YoY):
Total sales grow 13% to 3,91,588 units Vs 3,45,848 units

MOIL:
MOIL has reduced prices of Ferro-Grade Manganese Ores with Manganese content of Mn-44% and above by 20%.

Biocon:
Biocon arm received an ANDA approval for Sacubitril/Valsartan Tablets from the USFDA. This combination is used to treat chronic heart failure in adults.

Federal Bank: The bank has received shareholder’s approval for the appointment of Krishnan Venkat Subramanian as MD and CEO of the company.

Bajaj Finance:
Bajaj Finance arm Bajaj Housing Finance’s IPO will open for subscription on September 9 and the company plans to raise Rs 6,560 crore through the issue.

GPT Infra:
GPT Infra has been declared the lowest bidder for a project worth Rs 204 cr from South East Railways Kolkata.

Unicommerce Esolutions:
Unicommerce Esolutions reported a net profit of Rs 3.5 crore for the quarter ended June 2024, which was up by 31% year-on-year.

SJVN, NHPC, SECI & RailTel:
The union government has upgraded the status of SJVN, NHPC, SECI, and RailTel Corp to Navrtana CPSEs.

Pushp Kumar Joshi has superannuated as Chairman & Managing Director, effective September 1, and ceased to be a director. The Ministry of Petroleum & Natural Gas has appointed Rajneesh Narang, currently Director-Finance, as the interim Chairman & Managing Director for three months, starting September 1.

Globus Spirits

Motilal Oswal Mutual Fund has purchased a 0.69% stake in Globus Spirits at an average price of Rs 1,071.49 per share, amounting to Rs 21.4 crore.

Kesoram Industries

Foreign portfolio investor SG Sundae Holdings LLC has sold a 1.16% stake at an average price of Rs 206.88 per share, and an additional 0.62% stake at an average price of Rs 206.74 per share, totaling Rs 114.77 crore.

Oil India

UBS Principal Capital Asia has sold a 1.2% stake in OIL at an average price of Rs 742.12 per share, amounting to Rs 972.62 crore.

Oracle Financial Services Software

UBS Principal Capital Asia has sold a 0.56% stake in the company at an average price of Rs 10,999.15 per share, totaling Rs 533.4 crore.

Rail Vikas Nigam

UBS Principal Capital Asia has sold a 0.63% stake at an average price of Rs 606.83 per share, amounting to Rs 797.2 crore.

Vodafone Idea

UBS Principal Capital Asia has sold a 0.55% stake at an average price of Rs 15.67 per share, totaling Rs 598.9 crore.

Zydus Lifesciences

UBS Principal Capital Asia has offloaded a 0.66% stake at an average price of Rs 1,128.11 per share, amounting to Rs 756.02 crore.

Nirlon

BSREP IV FPI Two Holdings (DIFC) has bought a 7.69% stake in Nirlon at an average price of Rs 440 per share, totaling Rs 305.04 crore. Resonance Opportunities Fund, Arial Holdings 1, Ares Diversified, and Albula Investment Fund have sold a 7.1% stake at the same price, with Arial Holdings, Ares Diversified, and Albula Investment Fund exiting Nirlon