A positive opening indication on Indian market by Gift Nifty at 8:18 am today.

The market saw profit booking after a day of sharp rally, with the Nifty 50 falling 32 points on Friday.

Stocks in News today :

Sugar Stocks :
The government allows sugar mills and distilleries to make rectified spirit and extra-neutral alcohol from Sugarcane Juice & B-heavy molasses.

Adani Power & Adani Green Energy :
Maharashtra state DISCOM issues Letter of Intent for supply of 6,600 MW hybrid solar and thermal power by the companies. Adani Green to supply 5 GW solar power from Khavda. Adani Power to supply 1,496 MW thermal power from new 1,600 MW ultra-supercritical capacity.

Hindustan Unilever :
Files petition before the Bombay HC challenging the ₹962 crore tax order from the Income Tax authorities. HUL had received the ₹962 crore tax notice over the TDS dispute in the GSK deal.

Dixon Technologies :
Arm Padged Electronics Pvt. Ltd. has signed an MoU with Asus India Pvt. Ltd. for the manufacturing of information technology products i.e. notebooks.

Zydus Life :
Arm signs exclusive licensing and supply agreement with US-based Viwit Pharmaceuticals. The arm has signed an agreement for Gadobutrol injection and Gadoterate Meglumine Injection for the US market.

Adani Green Energy: The Adani Groups’ renewable energy arm will sign a long-term power purchase agreement (PPA) with the Maharashtra State Electricity Distribution Company (MSEDCL), based on the letter of intent (LoI), for the supply of 5 GW (5000 MW) of solar power.

Avenue Supermarts: The Radhakishan Damani-led company opened a new store in Sagar, Madhya Pradesh, bringing the total number of its stores to 376.

Adani Power: The Adani Group’s power arm will enter into a long-term power supply agreement (PSA) with MSEDCL for the supply of 1496 MW (net) of thermal power to Maharashtra. This power will be sourced from a new 1600 MW ultra-supercritical thermal power project.

Thermax : Bags repeat order worth ₹516 crore for setting up another 300 MW energy project from Jindal Energy, Botswana.

Lumax Auto :
Acquires majority stake in Greenfuel Energy Solutions for ₹221 crore.

GMR Airports :
August passenger traffic is up 9% year-on-year and 0.1% month-on-month to 1.06 crore. August domestic passenger traffic is up 7.4% year-on-year. International passenger traffic is up 12.9% year-on-year.

PTC India :
PTC Energy, ONGC Green and the company have signed a share purchase agreement. Will divest 100% stake in PTC Energy to ONGC Green.

Zaggle Prepaid Ocean Services :
Signs agreement with Founderlink technologies. Under the agreement, Founderlink Technologies will offer business loans to Zaggle Corporate customers.

SpiceJet :
Members approve a special resolution to raise funds. August market share at 2.3% from 3.1% month-on-month.

RPG Life :
To pay ₹32.2 crore transfer charges for ULC exemption under the amnesty scheme.

Exide Industries :
Invests ₹100 crore in arm Exide Energy Solutions.

Interglobe Aviation:
The budget carrier IndiGo’s market share rose to 62.4 per cent, up from 62 per cent in July, reversing a decline of 80 basis points in June. After losing 160 basis points in January 2024, the airline’s market share has been improving. IndiGo carried 8.19 million passengers in August.

Aavas Financiers :
Board meet on September 18 to consider fundraising.

Zomato: The food delivery aggregator has announced its intention to challenge a recent GST order from the West Bengal government demanding a total of Rs 5.6 crore for the period from April 2020 to March 2021. In its initial disclosure on September 13, Zomato said that the company might pay the GST amount demanded due to the high cost of litigation.

JSW Energy:
The JSW-backed player’s step-down subsidiary- JSW Renew Energy Two has commissioned 300 MW of wind power capacity as part of the 450 MW ISTS-connected wind power project, awarded under Solar Energy Corporation of India’s Tranche X, located in Tuticorin, Tamil Nadu.

Royal Orchid Hotels:
The hotels company has received an arbitration award, which includes a refund of the security deposit from Rock Realty, amounting to Rs 2,14,26,000, along with damages of Rs 25,00,000. The award was announced on September 10, 2024. This award pertains to the arbitration case between Royal Orchid Hotels and Rock Reality

Today’s listing :
Bajaj Housing Finance, Kross, Tolins Tyres