Stock Market News: September 13 Top Stocks Expected to Surge

Indian Stock Market – Exploring Lucrative Investment Prospects on September 13, 2024

Samvardhana Motherson International Ltd

• Consumer Cyclical | Large Cap
• RS.184.41/-

Bharti Airtel Ltd

• Communication Services | Large Cap
• RS.1638.60/-

Premier Energies Ltd

• Energies Capital Goods – Electrical Equipment | Mid Cap
• RS.1119.90/-

Indian Railway Catering & Tourism Corporation Ltd

• Utilities | Mid Cap
• RS.951.20/-

Inox Wind Ltd

• Industrials | Small Cap
• RS.248.99/-

Edelweiss Financial Services Ltd

• Financial Services | Small Cap
• RS.125.14/-

Jio Financial Services Ltd

• Finance | Large Cap
• RS.349.90/-

Varun Beverages Ltd

• Consumer Defensive | Large Cap
• RS.656.55/-

Nazara Technologies Ltd

• Technology | Small Cap
• RS.1002.00/-

Tata Power Company Ltd

• Utilities | Large Cap
• RS.445.90/-

Bajaj Auto Ltd

• Consumer Cyclical | Large Cap
• RS.11795.00/- 

One 97 Communications Ltd

• E-Commerce/App based Aggregator | Mid Cap
• RS.665.00/-

State Bank of India

• Financial Services | Large Cap
• Rs.789.40/-

National Aluminium Company Ltd

• Basic Materials | Small Cap
• Rs.182.81/-

Suzlon Energy Ltd

• Industrials | Large Cap
• Rs.82.10/-

Patanjali Foods Ltd

• Consumer Defensive | Mid Cap
• Rs.1854.00/-

Tata Motors Ltd

• Consumer Cyclical | Large Cap
• Rs.994.05/-

Zomato Ltd

• Technology | Large Cap
• Rs.282.95/-

Granules India Ltd

• Basic Materials | Small Cap
• Rs.555.20/- 

Godrej Agrovet Ltd

• Miscellaneous | Small Cap
• Rs.813.75/-

Kalyan Jewellers India Ltd

• Consumer Cyclical | Mid Cap
• Rs. 696.95/-

HDFC Bank Ltd

• Financial Services | Large Cap
• Rs.1662.70/- 

Vedanta Ltd

• Basic Materials | Large Cap
• Rs.449.50/-

Trending Top Stories in Indian Stock Market

1. Wipro Ltd issued 4,239 equity shares under ADS Restricted Stock Unit Plan, 2004 and 54,464 shares under Restricted Stock Unit Plan, 2007.

2. H.G. Infra Engineering has secured an order from Central Railway for Rs 716 crore for a new broad gauge line approximately 49.45 km.

3. HCL Technologies informed that the company “completed the signed of an agreement with Foxconn to form a joint venture to set-up a chip testing plant in January.”.

4. The new order will be executed by a consortium of BHEL and Titagarh Wagons, which will manufacture as well as maintain 53 trains.

5. Adani Group denies allegations by Hindenburg that the freezing of $310 mln by Swiss authorities is not a party to any court proceedings.

6. Zee Entertainment gets NCLT nod to withdraw its pleadings before the arbitration petition filed in respect of its merger deal with Sony Pictures Networks India.

7. Indian Hotels Company is planning to develop two new hotels, Vivanta and Ginger, at Mahindra World City, Chennai.

8. LIC has increased its stake in IRCTC by 2.02% to approximately 9.3% through open market buys from December 2022 onward.

9. HSBC has given an initiate call on Krishna Institute of Medical Sciences with a buy rating and a price target of Rs 3,000, as it sees strong operational performance.

10. HSBC initiates Reduce call on Global Health at ₹990 citing ‘bottlenecks on execution in the Lucknow market’.

11. Outperform call on Zomato as the target goes up to 330 from ₹275. Its well-set and at the epicentre of Quick Commerce.

12. Hero MotoCorp finds a mention among top electric scooter makers whose battery capacity is 2.88-4 kWh.

13. SpiceJet moves Supreme Court against high court order grounding three leased engines of the airline.

14. Patanjali Foods to raise as much as $240 mn via block trade; to sell 3% stake at floor price of ₹1,815 apiece.

15. Axis Securities maintains Buy on Zomato, ups target price to Rs 325.

16. Nazara Technologies to acquire 47.7% stake in Moonshine Technology for ₹ 832 crore, all set to rule the gaming sector.

17. BEML Ltd declared a final dividend of ₹ 15.50 with an ex-date on September 13, 2024.

18. HSBC cuts NH Narayana Hrudayalaya by 27% with a price target of ₹ 1,000 owing to margin pressure ahead.

19. Jefferies upgrades Bharti Hexacom to buy, ups target price to Rs 1,600 as it sees tariff hikes on the cards with strong revenue growth.

20. JM Financial maintains Global Health buy with a target price of Rs 1400 whereas HSBC sees downside to Rs 990 citing execution risks.

21. Voda Idea revenue market share slips to 15.5% – Jefferies: Jefferies says Voda Idea’s RMS is seen at 15.5% versus 16.4% in June as network investments would result in continuing declines.

22. CLSA maintains Outperform rating on Hindalco with a target price of Rs 760 as continuing expansion would support higher earnings.

23. CLSA: It maintains Hold rating on DLF for a target price of Rs 775, considering 15% growth in pre-sales and rental income.

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Source: Google

Business Desk: News Lounge 24×7

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