Buzzing Stocks Overview: On September 10th, the Sensex and Nifty indices are poised for a positive start, with indications from GIFT Nifty showing an anticipated gain of approximately 52 points for the Nifty. The trading landscape today features ten stocks that are expected to experience significant movements based on recent news. This includes names such as Religare Enterprises, Bank of Baroda, and Phoenix Mills, among others.
1. Religare Enterprises
The Enforcement Directorate (ED) has filed charges against key executives of the Dabur Group, including Executive Chairperson Rashmi Saluja, Group CFO Nitin Agarwal, and Group General Counsel Nishant Singhal. The complaint pertains to their alleged involvement in a false case against the Burman family, another prominent name in the Indian business landscape.
2. Zaggle Prepaid Ocean Services
Zaggle has entered into a strategic partnership with HDFC ERGO General Insurance Company Limited, which will leverage the Zaggle Propel Rewards platform. This platform aims to enhance both channel rewards and recognition processes for HDFC ERGO, providing a boost to customer engagement and service delivery.
3. Lemon Tree Hotels
Lemon Tree has signed a license agreement for a new hotel property in Nashik, Maharashtra. This establishment will be managed by Carnation Hotels Private Limited, a subsidiary of Lemon Tree. The property is planned to open its doors in FY 2026, marking another addition to Lemon Tree’s growing portfolio.
4. TV Vision
TV Vision has announced an increase in authorized share capital from ₹55 crore to ₹80.01 crore. This decision reflects the company’s prospects for growth and potential expansion in the industry.
5. Bafna Pharmaceuticals
The company was honored with the All-Round Silver Star (MSME) – Export Performance Award for the fiscal year 2022-2023, awarded by the Pharmaceuticals Export Promotion Council of India. This recognition highlights Bafna’s significant contributions to the pharmaceutical export sector, showcasing its commitment to quality and global outreach.
6. Indo Thai Securities Limited
Indo Thai Securities is set to consider different modes of fundraising, including equity shares, depository receipts, and convertible bonds, as it looks to enhance its capital structure during a board meeting scheduled for September 12.
7. IRB Infrastructure
IRB Infrastructure reported a robust revenue of ₹503 crore for August, reflecting a year-on-year growth of 20%. This marks a significant increase from the ₹417 crore revenue reported in the same month last year, signaling strong operational performance and project execution.
8. Arvind Company
The company has made an additional investment of ₹48 crore in its wholly-owned subsidiary, Arvind Technical Products Private Limited. This investment is aimed at strengthening its position in the technical textiles market and enhancing product offerings.
9. Bank of Baroda
Bank of Baroda has issued 5 lakh bonds, characterized as senior, unsecured, redeemable, long-term bonds with an interest rate of 7.26%. The total issue size for these bonds is pegged at ₹5,000 crore, reflecting the bank’s strategy to bolster its capital base.
10. Action Construction Equipment Limited
Action Construction Equipment Limited has secured an order from the Ministry of Defense to supply 99 forklifts. This order not only reflects the company’s reliability as a vendor but also its growing presence in the defense segment.
Conclusion
These companies are set for a dynamic trading day, driven by recent developments and announcements. Investors and market watchers should keep an eye on the movements in these stocks as they respond to the unfolding news and financial performance indicators.
