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Infosys, IRFC, Muthoot Finance Lead Indian Stocks In Focus

Infosys, IRFC, Muthoot Finance Lead Indian Stocks In Focus
Top stocks to watch today and why: Infosys, IRFC, Muthoot Finance among shares in focus on Thursday, 1 Oct · livemint.com

Several Indian companies had important announcements before trading on Thursday, October 1.

The overall market was expected to open nearly flat.

Stocks had fallen slightly in the previous session.

Infosys expanded its work with ABN AMRO on artificial intelligence.

ACME Solar started part of a battery-storage project in Rajasthan.

Muthoot Capital Services raised money by transferring some loan receivables.

IRFC received a tax-related notice from Bihar authorities.

Other companies reported new orders, renewable-energy progress or investments in a joint venture.

Key facts

Expected market opening
GIFT Nifty was around 22,629, nearly 30 points below the previous close of Nifty futures, indicating a subdued start.
Previous Nifty close
The Nifty 50 fell 0.42% to close at 22,620 on the final trading session of September.
Previous Sensex close
The Sensex declined 0.07% to settle at 72,480.
Muthoot Capital fundraising
Two Direct Assignment transactions raised ₹39.55 crore and ₹100.76 crore, totaling ₹140.31 crore.
IRFC notice
Indian Railway Finance Corporation received a ₹396.91 crore GST-related show-cause notice from Bihar tax authorities for FY23.
NCC orders
NCC secured two September orders worth a combined ₹500.22 crore, excluding GST.
ideaForge orders
ideaForge Technology received domestic civil-customer orders worth ₹23.62 crore for UAVs, accessories and training.

Sources

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