Stocks in Focus Today : Today i.e. on 30 August 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 LIC, RIL, NTPC, IOC, Zomato, Adani Enterprises, Infosys, NLC India, Shipping Corporation of India, Rallis India, Lemon Tree Hotels, Jai Corp, Rail Vikas Nigam, 3M India.
LIC
Life Insurance Corporation of India (LIC) has received a notice from tax officials demanding about Rs 605.58 crore for underpayment of GST for the financial year 2019-20. In a notice to the stock exchange, LIC said that it has received a notice from the Maharashtra GST Authority for tax, interest and penalty. The insurance company said that an appeal can be made against the order before the Joint Commissioner of State Tax (Appeal) in Mumbai. The company said that this matter is related to wrongful availment of input tax credit (ITC) and interest on short refund and late payment.
RIL
Reliance Industries Limited has proposed to give its shareholders one bonus share for every share held. The final decision on this will be taken in the Board of Directors meeting on September 5. Reliance, the country’s most valuable company in terms of market cap, had earlier issued ‘bonus shares’ in September 2017.
NTPC
Step-down subsidiary NTPC REL has commenced commercial operations for the first tranche capacity of 160 MW out of the 320 MW Bhainsara Solar PV Project in Jaisalmer, Rajasthan. With this, the total installed and commercial capacity of NTPC Group has now reached 76,294 MW.
IOC
The Department of Investment and Public Asset Management (DIPAM) said that the government has received about Rs 5,091 crore as dividend from Indian Oil Corporation. So far during the current financial year 2024-25, Rs 10,604.74 crore has been received as dividend from Central Public Sector Undertakings.
Zomato
Online food delivery platform Zomato has received notices from the GST authorities of Tamil Nadu and West Bengal demanding more than Rs 4.59 crore including penalty and interest. The company said that it plans to appeal against the demand orders passed by the Assistant Commissioner in the GST and Central Excise Department of Nungambakkam division of Tamil Nadu and Assistant Commissioner of Revenue Department of West Bengal. The company believes that it has a strong case to defend the matter before the concerned appellate authority and it is unlikely to have any financial impact on the company.
Adani Enterprises
Adani Enterprises will raise Rs 800 crore by issuing NCDs. The company said during the NCD offering that the issue will open on September 4 and close on September 17. It will also have an option for early closure or extension. CARE Ratings Limited has given ‘CARE A+ Positive’ rating to the proposed NCD of Adani Enterprises.
