Stocks in Focus Today :Today i.e. on 3 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 Adani Green Total, Tata Motors, ICICI Bank, HAL, Vedanta, Welspun Corp, Lemon Tree Hotels, Maruti Suzuki, Welspun Corp, IEX, NMDC, Gensol Engineering, Muthoot Finance.
Adani Green Total
The board of directors of Adani Green Energy has approved the joint venture agreement with Total Energies. Both entities will have a 50:50 stake in the joint venture. The French energy company will invest an additional US$444 million in this. The new joint venture company will have a capacity of 1150 MW. This will include solar assets under operation and implementation.
Tata Motors
Domestic automaker Tata Motors has entered the highly competitive mid-size SUV segment in order to strengthen its position in the sports utility vehicle (SUV) segment. Till now this sector is dominated by South Korean and Japanese car manufacturers. Tata Motors introduced the mid-size coupe SUV ‘Curve’ with petrol and diesel engines. Its price starts at Rs 9.99 lakh. The company has already introduced the electric version of this model in August.
ICICI Bank
Private sector ICICI Bank, on the allegations leveled by the main opposition party Congress against SEBI chief Madhavi Puri Buch, said that it has not paid any salary or ESOP to Buch since her retirement in October 2013. Congress had alleged that Buch, who became a SEBI member in 2017, had received Rs 16.8 crore from ICICI Bank as salary and other remuneration. Congress has said that the SEBI chairman has received Rs 16.8 crore from ICICI Group since 2017, which is 5.09 times the income she received from SEBI.
HAL
The Cabinet Committee on Security has approved the proposal for procurement of 240 aero-engines (AL-31FP) for Indian Air Force’s Su-30MKI aircraft under the Buy from Company (Indian) category at a cost of Rs 26,000 crore.
Vedantha
Anil Agarwal-led Vedanta on Monday approved the third interim dividend of Rs 20 per share for the current financial year. This takes the total dividend payment so far for the current financial year to Rs 13,474 crore. On July 26, the company’s board of directors approved the second interim dividend of Rs 4 per equity share, which amounts to Rs 1564 crore. In May, the first interim dividend of Rs 11 per equity share, totaling Rs 4089 crore, was approved.
Welspun Corp
The board has approved an investment of $100 million by its subsidiary Welspun Pipes to advance HFIW pipe manufacturing capabilities in the US.
