Stocks To Watch on October 1: The markets began the week on a feeble note, losing nearly one and a half percent due to mixed global cues. In today’s trade, shares of TCS, Tata Power, IRCTC, Mankind Pharma, Bank of Maharashtra, SpiceJet among others will be in focus due to various news developments.
Tata Power announced the signing of a landmark memorandum of understanding (MoU) with the Rajasthan government involving up to Rs 1.2 lakh crore investment. IRCTC approved the appointment of Gaisingam Kabui as the chief financial officer. TCS could consider a second interim dividend for equity shareholders on October 10. Bharti Airtel prepaid Rs 8,465 crore to the government for spectrum acquired in 2016.
Other noteworthy updates include Tata Power’s investment pact with the Rajasthan government, Bajaj Auto leading in India’s electric vehicle market, Lupin’s distribution agreement with Scope Ophthalmics, and Mankind Pharma’s proposal to raise up to Rs 10,000 crore through debentures.
The business landscape is dynamic, with companies like Tata Steel transitioning to greener steel production, Emami aiming for significant revenue growth, and Dr. Reddy’s Laboratories enhancing its portfolio through strategic acquisitions. Adani Enterprises also successfully raised funds through a domestic bond issue.
The market is buzzing with activity, and investors should stay informed and seek expert advice before making any investment decisions.
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