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IRFC, Ola, NCC, Tata Stocks in Focus Tuesday

IRFC, Ola, NCC, Tata Stocks in Focus Tuesday
Top stocks to watch today: Why IRFC, Ola, NCC, Tata stocks must be on radar? Full list for Tuesday, 29 September · livemint.com

Indian stock markets were expected to begin Tuesday almost unchanged after falling sharply on Monday.

The Nifty 50 dropped below 23,000, while the Sensex also declined.

Investors were watching companies that announced new loans, orders, fundraising plans or business changes.

Indian Railway Finance Corporation arranged a large loan for renewable-energy projects.

Ola Electric planned to raise up to ₹1,000 crore from investors.

NCC won a major water-supply project in Andhra Pradesh.

ITC increased its holding in Sproutlife Foods, and Tata companies proposed a restructuring.

Several other companies also announced funding, regulatory, power, or solar-project updates.

Key facts

GIFT Nifty
Around 22,820, down nearly 4 points from the Nifty futures’ previous close.
Nifty 50 close
22,762 on Monday, down 1.54% and below 23,000.
Sensex close
72,836 on Monday, down 1.43%.
IRFC-DVC agreement
₹4,200 crore term loan for renewable-energy projects in Jharkhand and West Bengal.
Ola Electric fundraising
Rights issue of partly paid-up equity shares to raise up to ₹1,000 crore, subject to approvals.
NCC order
₹1,076.71 crore order from Andhra Pradesh’s Rural Water Supply and Sanitation Department, excluding GST.
Zydus inspection
USFDA inspection at the SEZ II Ahmedabad facility concluded with one observation.

Sources

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