Key stocks in focus
Mazagon Dock, RVNL, Nestle India among stocks in focus on September 21
Indian stock market investors are likely to keep an eye on several companies on Monday, 21 September, as key corporate developments come into focus.
Mazagon Dock signed a memorandum of understanding with National Shipbuilding and Heavy Industries Park-AP to develop a greenfield shipyard at Dugarajapatnam in Andhra Pradesh, planning to invest around ₹15,000 crore over the next five to seven years.
Rail Vikas Nigam (RVNL) received a ₹404.88 crore Letter of Acceptance from East Coast Railway for constructing a third railway line between Nergundi-Barang and Khurda Road-Vizianagaram.
Nestle India faces legal action initiated by the Food Safety and Standards Authority of India over alleged non-compliance related to its NAN Excella Pro Stage 1 and Lactogen Pro 1 products.
Kalyan Jewellers invested ₹350 crore in its wholly owned subsidiary Candere Lifestyle Jewellery Pvt Ltd by subscribing to 17.5 lakh equity shares through a rights issue.
Welspun Enterprises said its subsidiary Welspun Michigan Engineers won two sewer rehabilitation projects from the Ahmedabad Municipal Corporation with a combined value of ₹351.24 crore.
JSW Energy announced that its step-down subsidiary JSW Hydro Energy Ltd received an order from the Appellate Tribunal for Electricity.
GR Infraprojects stated that the National Highways Authority of India declared September 7 as the appointed date for the Agra-Gwalior Greenfield Road project.
Meanwhile, Indian markets closed the truncated trading week lower, with the Sensex declining 0.65% to end at 74,294.46 and the Nifty slipping 0.22% to settle at 23,346.40, weighed down by elevated crude oil prices and rising global bond yields.
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