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PRE MARKET
GIFT Nifty indicates a steady start for the broader index in India, trading around 24,767, up 0.16 percent.
US markets were shut on Monday for the Labor Day holiday
Asian stocks traded flat at the start of what has historically been a challenging month for equities, especially amid renewed trade-related jitters following the court ruling.
Japan’s Nikkei and KOSPI went up 0.14 and 0.65 percent, respectively, while Hong Kong’s Hang Seng and the Taiwanese weighted index went down 0.24 and 0.13 percent.
STOCKS TODAY
CEAT
The company has acquired Michelin Group’s CAMSO construction compact line business, including their Sri Lanka-based Midigama plant and casting product plant in Kotugoda. It announced a $171 million investment in Sri Lanka.
Aditya Birla Capital
The Board has approved the appointment of Vishakha Mulye as Managing Director and Chief Executive Officer of the company for a period of five years, and Rakesh Singh as an Executive Director and Chief Executive Officer (NBFC) of the company for a period up to July 22, 2027, subject to the approval of the shareholders.
Bharat Electronics
The company has secured additional orders worth Rs 644 crore since July 30. Major orders received include data centre, ship fire control system, tank navigation system, communication equipment, seekers, jammers, simulators, and electronic voting machines.
Fortis Healthcare
The company’s subsidiary, International Hospital (IHL), has entered into a 15-year lease agreement with RR Lifesciences for a 200-bed fully operational multi-specialty hospital in Greater Noida.
Puravankara
The real estate developer acquired redevelopment rights for a prime residential society in Malabar Hill, Mumbai, through its wholly owned subsidiary, Purva Blue Agate. This 1.43-acre project offers a development potential of 0.7 million square feet, with an estimated revenue potential of Rs 2,700 crore.
State Bank of India
Indian Railways signed a Memorandum of Understanding (MoU) with the State Bank of India to provide significant insurance cover for its employees and their families. Employees who maintain salary accounts with SBI will get accidental death insurance of Rs 1 crore.
Source – Moneycontrol