Indian Stock Market News 9th September 2024
1. Deep Industries wins Rs 1,402 crore order from ONGC for production enhancement operations at Rajahmundry; order book doubles
2. Deep Industries Ltd has secured a Rs 1,402 crore order from ONGC for production enhancement operations at Rajahmundry, for 15 years
3. RBM Infracon received orders worth Rs 3,498 crore from Oil and Natural Gas Corporation, including Rs 3,371 crore for crude.
4. Promotor Ajay Singh likely to sell up to 15 percent stake of SpiceJet as a part of Rs 3,200 crore funding round for fleet expansion and liabilities.
5. Indian Oil Corp posts weak Q1 FY25 as refining margins lower.
6. Indian Oil Corp partners to offer up to 8.5% savings on fuel purchases, earning 15 fuel points for every ₹100 spent.
7. SpiceJet’s Chairman Ajay Singh may sell over 10% stake to raise funds as part of a funding round expected to close by September’s end.
8. PNB Housing Finance plans to raise up to $125 million through External Commercial Borrowing in Q3FY25 to support retail loan book growth.
9. Strides Pharma Science will trade ex-dividend today with a final dividend of Rs 2.50 per share.
10. Motilal Oswal has a Buy call on Persistent Systems Ltd with a target price of Rs 6300.
11. Citi maintains SELL rating on Tata Technologies but ups target price to Rs 945 from Rs 935 citing hikes in estimates for FY25E-27E.
12. Wardwizard Innovations & Mobility to set up a joint venture in Saudi Arabia for assembling electric vehicles consequent to the issuance of a Letter of Intention.
13. Tata Power-led Odisha Discoms placed orders for contracts valued at 11,481 crore with local contractors and suppliers.
14. Gujarat Gas Ltd declared its final dividend of Rs 5.66 per share and accordingly, September 9, 2024 has been fixed as the ex-date and record date.
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