Updated Aug 27, 2024 08:12 IST
Stocks To Watch On Tuesday, August 27: take a quick look at the stocks likely to be in focus today. (Image: iStock/ET NOW News)
Stocks To Watch On August 27: GIFT Nifty indicates a flat start for benchmarks Nifty and Sensex in Tuesday’s session. At 7:30 AM, GIFT Nifty was quoting around 25,030, slightly higher by 20 odd points.
Earlier, Sensex and Nifty jumped sharply on Monday following a rally in the US peers and foreign fund inflows. Notably, investors are optimistic following the US Fed Chair Jerome Powell’s recent speech at the Jackson Hole meeting, where he said that time has come for loosening of policy, indicating possible rate cuts in September.
The 30-share BSE Sensex rallied 611.90 points or 0.75 per cent to close at 81,698.11. In a V-shape recovery, the Nifty50 index opened gap up and traded with a positive bias during the day to close above the 25,000 for the first time after August 1. The index registered gains for the 8th session in a row as it added 187.45 points or 0.76 per cent to settle at 25,010.60.
Meanwhile, take a quick look at the stocks likely to be in focus today.
Stocks To Watch On Tuesday, August 27
HCL Tech
HCL Tech extended its 15-year-old partnership with digital printing company Xerox for an undisclosed amount on Monday. The extended relation focuses on strategic AI-driven engineering services and digital process operations (DPO) partnership with Xerox.
Lemon Tree Hotels
Lemon Tree Hotels has signed an agreement for a new property in Ayodhya. The new hotel is expected to open in FY28 and will be managed by Carnation Hotels Private, a wholly-owned subsidiary of Lemon Tree Hotels.
Medi Assist Healthcare Services
Third Party Administrator (TPA) Medi Assist Insurance on Monday signed a definitive agreement to acquire Paramount Health Services & Insurance TPA for Rs 311.18 crore to consolidate its position in the market.
BHEL
Bharat Heavy Electricals Ltd (BHEL) has secured three major contracts worth Rs 11,000 crore from Adani Power Ltd and its subsidiary Mahan Energen.
UltraTech Cement
UltraTech Cement on Monday raised $500 million through a sustainability-linked loan with participation from six banks.
GPT Infraprojects
The Fund Raising Committee of GPT Infraprojects Ltd on Monday has approved a qualified institutional placement (QIP) to raise funds. The floor price for the QIP has been set at Rs 183.83 per equity share. The company may offer a discount of up to 5% on the floor price at its discretion.
KPI Green Energy
KPI Green Energy on Monday said it has received letters of intent for 13.30 MW of green energy projects. The company’s wholly-owned subsidiary Sun Drops Energia will develop the projects.
Sameera Agro And Infra
Sameera Agro And Infra’s board of directors on Monday approved the issue of bonus shares to the equity shareholders of the company in the ratio of 4:1.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
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