Stocks to Watch: GMR Airports, Adani Green, Dixon Tech, Suzlon Energy, and more

Here’s a quick look at stocks likely to be in focus in today's trade.

Pranati Deva
Published10 Sep 2024, 08:24 AM IST
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Stocks to watch today
Stocks to watch today

Here’s a quick look at stocks likely to be in focus in today's trade.

DHFL: The Delhi High Court granted bail to Dheeraj Wadhwan, former director of Dewan Housing Finance Limited (DHFL), on health grounds in connection with a multi-crore bank fraud case. Justice Sudhir Kumar Jain approved the bail after reviewing Wadhwan's health condition, labeling him a "sick person." The decision comes after the trial court had previously denied his bail plea.

GMR Airports: GMR Airports Infrastructure Ltd announced plans to increase its stake in Delhi International Airport Ltd to 74 percent by acquiring an additional 10 percent from Fraport AG for $126 million. The deal, subject to approvals from the Airports Authority of India and shareholders, is expected to close within 180 days.

Also Read | Nifty 50, Sensex on September 10: What to expect in trade today

Adani Green Energy: Adani Green Energy Ltd (AGEL) fully redeemed its USD 750 million Holdco Notes ahead of the September 2024 maturity date. These bonds, issued in 2021 at a 4.375 percent interest rate, were instrumental in funding AGEL's expansion, with its energy capacity growing from 3.5 GW to 11.2 GW over three years, representing a 48 percent CAGR.

Dixon Technologies: HP India is collaborating with Dixon Technologies’ subsidiary, Padget Electronics, to manufacture notebooks, desktops, and all-in-one PCs in Chennai under the PLI 2.0 scheme. This new facility aims to produce up to 2 million units annually and generate 1,500 jobs.

Adani Power: The Adani Group has alerted Bangladesh’s interim government about $500 million in overdue payments related to a power project, potentially escalating tensions amid Bangladesh’s financial challenges. The country’s power liabilities now total $3.7 billion, with a significant portion owed to Adani Power.

Also Read | Indian stock market: 6 key things that changed for market overnight

Suzlon Energy: Suzlon has secured a 1,166 MW wind project in Gujarat with NTPC Green Energy Limited, involving the installation of 370 wind turbines. This deal contributes to NTPC’s goal of adding 60 GW of renewable energy by 2032, bringing Suzlon’s order book to nearly 5 GW.

Bank of Baroda: The bank raised 5,000 crore through a 10-year infrastructure bond issue, which was oversubscribed nearly three times. Priced at 7.26 percent, the issuance exhausts the bank’s approved limit for infrastructure bonds, though room remains for future raises via tier I or tier II bonds.

Infosys: SEBI lifted restrictions on 16 entities, including former Infosys employees, involved in an insider trading case. The prohibition on six entities, imposed by interim and confirmatory orders, was vacated, concluding the matter.

Also Read | Buy or sell: Vaishali Parekh recommends three stocks to buy today — 6 September

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First Published:10 Sep 2024, 08:24 AM IST
Business NewsMarketsStock MarketsStocks to Watch: GMR Airports, Adani Green, Dixon Tech, Suzlon Energy, and more

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