Indian Stock Market News 27th September 2024
1. Edel Finance and Ecap Equities collectively divested a cumulative 6.4% stake in Nuvama , Wealth Management through block deals, which approximated to ₹1,464.8 crore.
2. Accenture revamped positive revenue guidance for FY25 making HCL Technologies one of the best-out-growth stories among Indian IT companies.
3. Maruti Suzuki Swift CNG is now available in showrooms. Prices start at Rs 8.19 lakh with a mileage of 32.85km/kg.
4. Hindustan Copper Ltd plans to increase mine production capacity at 12.2 MTPA, with 13% year-on-year ore production growth in FY24.
5. UBS maintains a ‘buy’ rating on ICICI Bank and raises target price to Rs1,575 from Rs1,300.
6. Sun Pharma countered allegations of manufacturing spurious drugs as flagged by CDSCO, stating that the batches under question were counterfeit and would implement QR codes for authenticity verification.
7. Divis Laboratories Ltd to be replaced by Trent Ltd in the NSE Nifty indices by 30th September, 2024.
8. SJVN inked two memoranda of understanding with Maharashtra government for Rs 48,000-crore pumped storage and floating solar projects, which aggregate a total capacity of 81,000 MW.
9. Authum Investment and Mahi Kela acquires 46.85% stake in Prataap Snacks for Rs 846.60 crore, triggers open offer at Rs 864 a share.
10. Authum Investment and Mahi Madhusudan Kela to buy 46.85% stake in Prataap Snacks, sends in open offer at 864 per share.
11. Reliance Retail’s AJIO ties up with H&M to display more than 10,000 styles, boosting H&M’s online platform in the country.
12. Canara Bank to take Bandhan Bank’s place in the Bank Nifty index as part of the September rejig.
13. ICICI Bank along with other major companies to lose weight in the index.
14. Ola electric has formed partnerships with over 600 multi-brand retail outlets for the expansion of its sales and service network; the current goal is to set up between 800 and 1,000 outlets by the festive season.
15. HDFC Bank sells housing loan portfolio worth Rs 6,000 crore to state-controlled banks to boost credit-to-deposit ratio.
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Source: Google Google News NSE BSE
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