Stocks in Focus Today : Today i.e. on 18 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 REC, Infosys, Torrent Power, Reliance Power, NTPC, Spicejet, GR Infraprojects, Reliance Infrastructure, Satin Creditcare Network, Mankind Pharma, Mphasis, Utkarsh Small Finance Bank, Biocon, Nuvoco Vistas Corporation, Vakrangee.
REC
The company has signed a non-binding financial commitment to increase its renewable loan book to over Rs 3 lakh crore by 2030. This will increase the share of renewable energy from the current 8 per cent to 30 per cent by 2030, as REC’s loan book is estimated to reach Rs 10 lakh crore by then.
Infosys
The company signed an agreement with UK-based Metro Bank for digital transformation using AI-first offering Infosys Topaz using generative AI technology.
TorrentPower
Torrent Power, a Torrent Group company, has received a 1500 MW ‘Pumped Hydro Storage’ project from Maharashtra State Electricity Distribution Company Limited. The company said in a statement on Tuesday that Torrent Power has emerged as a successful bidder and received a letter of intent on September 17, 2024 from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the purchase of 1500 MW / 12,000 megawatt hour (MWh) energy storage capacity from the Pumped Hydro Storage Project.
Reliance Power
Reliance Power’s obligations as guarantor on behalf of Vidarbha Industries Power have been fully settled, resulting in the release and discharge of all obligations relating to corporate guarantees, undertakings and outstanding loans of Rs 3,872.04 crore. The company has settled all disputes with CFM Asset Reconstruction.
NTPC
The government has approved Nuclear Power Corporation Limited (NPCIL) and NTPC’s joint venture unit Anushakti Vidyut Nigam Limited to build, own and operate nuclear power plants in the country under the provisions of the Atomic Energy Act. NPCIL has 51 per cent stake in this joint venture and NTPC has 49 per cent stake.
Spicejet
SpiceJet has set the minimum price at Rs 64.79 per share for selling shares to qualified institutional buyers. The airline wants to raise up to Rs 3,000 crore through this issue. Last week, shareholders approved the proposal to raise up to Rs 3,000 crore. According to the document related to the initial issue, the minimum price has been fixed at Rs 64.79 per share.
