Stocks tracked on September 1: NCC, Neogen, Oil & Gas, Restaurants, Airline Stocks
Domestic stock benchmarks Sensex and Nifty50 fell about 0.3% in oil and gas weakness on Friday, while FMCG stock’s strength won some support. Sensex gave up 270.9 points and settled 79,809.7, while Nifty50 lost 74.1 points and hit a 24,426.9 percentage point. The two instruments fell down for the third time in a row.
Last week, India exported 25% of the U.S. tax to the world’s largest economy. The additional 25% U.S. tax rate remained in trouble on Dalar Street, which would bring the total tax to 50%.
As market participants await a new trading week and a new month, here are some stocks to follow at a meeting on Dalar Street on September 1:
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Many stocks are scheduled to trade on Monday. These are: Alivus Life Sciences, Elnet Tech, Kanpur Plastipack, Patel Integrated Logistics, Rishiroop, Triveni Turbine and Triveni Engineering & Industries.
Also in the opening bell, Pavna Industries stock plans to trade in the trade.
focus
Oil and gas, restaurants and airline stocks will focus wholeheartedly on any announcements regarding fuel rate revisions related to these industries.
Also read: The market supports the future action for a week; everyone is following GST Council gatherings, car sales, global clues
Welspun Professional Solutions
The company has received a final revocation order from the Gujarat Pollution Control Board (GPCB) to operate at the Jhagadia plant.
Welspun Professional Solutions can now continue operating in the factory without interruption.
The company reiterates its strong commitment to environmental regulations.
Doms Industries
Doms Industries has purchased shares in its subsidiary Pioneer Stationery for approximately Rs 550 crore by purchasing 3,900 shares.
Parents’ shares in subsidiaries have increased from 51% to 57.5%.
Thomas Cook (India)
Thomas Cook and SOTC Travel have signed a long-term strategic agreement with Queensland Tourism.
Under the agreement, the goal is to attract year-round tourists from India and increase tourism visibility.
NCC
The company has received two orders from August, which provided 788.3 crore rupees of water from state government agencies in August.
New chemicals
Neogen Ionics, a subsidiary of the company, has reached a joint venture agreement with Morita Investment to enter the lithium-ion battery market.
The two companies will invest in NML, a subsidiary of Neogen Ionics.
Indian Tourism Finance Company
Aditya Kumar Halwasia, the company’s director, acquired 320,000 shares through NSE’s open market route, with shares ranging from 19.12% to 19.47%.
The transaction is worth Rs 99 crore.
GHCL Textiles and GHCL
Capital Market regulator SEBI has issued an order on Golden Tobacco on August 29 and issued instructions for the company’s non-executive chairman Anurag Dalmia.
Dalmia has been banned from the securities market for 18 months and fined Rs 2 million.
