Tue. Sep 26th, 2023
    Stocks to Watch on September 18, 2023

    Tata Steel and the UK government have announced a joint agreement to invest 1.25 billion pounds in electric arc furnace steelmaking at the Port Talbot site. This project aims to reduce emissions by 50 million tonnes over 10 years and may lead to the restructuring of Tata Steel’s balance sheet.

    Wipro, a technology services and consulting major, has opened a new office in Jefferson City, Missouri. The office will serve as a base for over 500 employees and will partner with the state’s Jobs for America’s Graduates program to attract local talent.

    Indian healthcare services provider Jupiter Life Line Hospitals is set to list its equity shares on the BSE and NSE on September 18. The issue price has been fixed at Rs 735 per share.

    Hindustan Aeronautics has received approval from the Defence Acquisition Council for the procurement of 12 Su-30MKI Aircraft, along with associated equipment and avionics upgrades for Dornier Aircraft.

    Bharat Electronics, a state-owned defense company, has received an order worth Rs 2,118.57 crore from Cochin Shipyard for the supply of various equipment. They have also received additional orders worth Rs 886 crore for the upgrade of AFNET SATCOM N/W and Akash missiles.

    Indian Oil Corporation has received board approval for an additional investment of Rs 903.52 crore in Hindustan Urvarak and Rasayan (HURL), a joint venture aimed at setting up fertilizer plants.

    Lemon Tree Hotels has opened Peninsula Suites in Bengaluru, marking its sixth property in the city. The hotel is managed by subsidiary Carnation Hotels, and the property is under the umbrella of Lemon Tree Hotels.

    Texmaco Rail & Engineering has received board approval to raise funds through the issuance of equity shares and preferential issue to promoters.

    Tata Elxsi has announced a global partnership with INVIDI Technologies to deliver targeted advertising solutions and create new revenue streams for operators.

    Brigade Tetrarch, a subsidiary of Brigade Enterprises, has acquired a land parcel in Bangalore for Rs 123.5 crore. They plan to develop a residential project on the land with a potential revenue of around Rs 800 crore.

    Zomato’s step-down subsidiary in Slovakia, Zomato Slovakia, has initiated the process of liquidation. However, this will not affect Zomato’s overall revenue.

    Tata Mutual Fund, Plutus Wealth Management, and other entities have bought a 23.92 percent stake in Restaurant Brands Asia, a quick-service restaurant chain, for Rs 1,349 crore.


    • Tata Steel: Press release
    • Wipro: Company announcement
    • Jupiter Life Line Hospitals: BSE/NSE listing notice
    • Hindustan Aeronautics: Defense Acquisition Council approval
    • Bharat Electronics: Order announcement
    • Indian Oil Corporation: Board approval notice
    • Lemon Tree Hotels: Press release
    • Texmaco Rail & Engineering: Board approval notice
    • Tata Elxsi: Company announcement
    • Brigade Enterprises: Sale deed announcement
    • Zomato: Dissolution notice
    • Restaurant Brands Asia: Market transaction data