Stocks to Watch: Adani Group, IRCTC, IndiGo, Hero MotoCorp, BEL, Coffee Day, and Others
GIFT Nifty on the NSE IX traded 30.5 points, or 0.15 per cent, higher at 20,176.50, signaling that Dalal Street was headed for positive start on Thursday. Here’s a slew of stocks that will be in focus today for various reasons.
IRCTC: IRCTC has signed a Memorandum of Understanding (MOU) with Maharashtra State Road Transport Corporation (MSRTC) to enable MSRTC’s online bus booking services via IRCTC’s bus booking portal/website.
Adani Group: Adani Wind’s 5.2 MW Wind Turbine Generator, which is India’s largest, received type certification from WindGuard GmbH.
Meanwhile, the Group has been in talks with lenders for several months to refinance $3.8 billion worth of debt taken for Ambuja acquisition.
InterGlobe Aviation (IndiGo): The airline will soon introduce a wrist gadget and use a ground device to detect fatigue among pilots and check their level of alertness before and after flying an aircraft.
Meanwhile, the Directorate General of Civil Aviation (DGCA) has allowed IndiGo to wet lease 11 Airbus A320 neo family aircraft.
Bombay Dyeing: Japan’s Sumitomo Realty & Development Company to buy a 22-acre land parcel in central Mumbai from Bombay Dyeing for Rs 5,200 crore.
Hero MotoCorp: The two-wheeler major backed Ather Energy, expects to become profitable at the unit level within this financial year.
Cummins: The company and its authorized Genset Original Equipment Manufacturer (GOEM) Sudhir Power unveiled the CPCBIV+ compliant genset range for the Delhi NCR markets.
Bajaj Healthcare: Following the United State Food and Drug Administration (USFDA) inspection in November 2022 at its API manufacturing unit in Savli, Vadodara, Gujarat, the company has received the Establishment Inspection Report (EIR) from the USFDA with Zero 483 observations.
Bank of India: The state-run bank raised Rs 2,000 crore in capital via Basel III-compliant Tier-II bonds, at a coupon rate of 7.88 per cent, to comply with regulatory norms and fuel business growth.
Bharat Electronics (BEL): The Delhi Metro Rail Corporation and BEL have collaborated to develop an indigenous communication-based train control (i-CBTC) system.
Coffee Day Enterprises: The NCLAT set aside an insolvency order against the company after its financial creditor IndusInd Bank reached a settlement. The stock had hit 20 per cent upper circuit on Wednesday.