Stocks in Focus Today :Today i.e. on 16 September 2024, some stocks (stocks in news) are ready to show action. Due to positive triggers, these stocks can remain in focus in the market today (stocks to watch). If you are looking for better stocks in intraday, then you can keep an eye on these (Stocks in Focus). Today’s list includes stocks like JSW Energy, Zomato, Adani Green Energy, Adani Power, Interglobe Aviation (IndiGo), Zydus Lifesciences, Exide Industries, Dixon Technologies, SpiceJet, Padget Electronics, CDSL, Thermax, HDFC Bank.
JSW Energy
JSW Renew Energy Two Limited, a subsidiary of JSW Energy, has successfully commissioned a 300 MW wind power plant in Tuticorin, Tamil Nadu. The company said in a statement that the wind power project connected to ISTS was awarded the contract in Phase-10 by the Solar Energy Corporation of India (SECI). The company said that this is the first new wind power plant commissioned by the company for SECI. The newly established wind power project will make a significant contribution to the renewable energy sector.
Zomato
The company has expressed its intention to challenge the recent GST order of the West Bengal government demanding a total of Rs 5.6 crore for the period April 2020 to March 2021. In its initial disclosure on September 13, Zomato had said that the company could pay the GST given the high cost of litigation. However, the company has now clarified that it intends to file an appeal against the order instead of agreeing to pay the amount.
Adani Green Energy, Adani Power
Adani Group has won the bid to supply 6,600 MW of renewable energy and thermal power to Maharashtra for a long term. The company bid Rs 4.08 per unit for this and left behind JSW Energy and Torrent Power. Sources said that Adani Group’s bid for supplying both renewable and thermal power for 25 years is Rs 1 per unit less than the rate at which Maharashtra is currently purchasing electricity. This will help the state to meet its future power needs.
IndiGo
IndiGo’s market share increased to 62.4 per cent in August from 62 per cent in July. While the market share declined by 80 basis points in June. After losing 160 basis points in January 2024, the airline’s market share is improving. IndiGo carried 8.19 million passengers in August.
Zydus Lifesciences
The company’s wholly-owned subsidiary, Zydus Lifesciences Global FZE, has signed an exclusive licensing and supply agreement with Vivit Pharmaceuticals for 2 gadolinium-based MRI contrast agents for the US market.
Exide Industries
The company has invested Rs 100 crore in its wholly-owned subsidiary Exide Energy Solutions Limited (EESL) through a rights issue. With this investment, Exide Industries’ total funding in EESL has reached Rs 2,752.2 crore, retaining its 100 per cent stake in the subsidiary.
