Stocks to Watch Today, September 3: Indian stocks are likely to see stock-specific moves on Thursday as investors track a series of corporate announcements and business updates. RBL Bank, ICICI Bank, Tilaknagar Industries and Adani Ports are among companies in focus after key financial, investment and operational developments.
Hero MotoCorp, Swiggy, Cochin Shipyard, Thomas Cook, Blue Star, Page Industries, India Cements and HUDCO are also expected to remain on investors’ radar. The broader market remains sensitive to global cues and elevated crude prices.
Here’s the list of stocks to watch in today’s trading session:
| Stocks in focus | Why in focus |
| RBL Bank | Raises USD 3.4 billion through FCNR-B deposits |
| ICICI Bank | Raises stake in life insurance venture |
| Tilaknagar Industries | To invest Rs 22 crore in Black Tiger Distilleries |
| Godrej Consumer Products | On track for double-digit revenue, EBITDA growth |
| Cochin Shipyard | Starts construction of four electric harbour tugs |
| Hero MotoCorp, Swiggy | Partner for affordable delivery vehicle ownership |
| Thomas Cook | To launch Lakshadweep charter flights from Bengaluru |
| Adani Ports | Records highest-ever monthly cargo throughput |
| Blue Star | To sell engineering and electronics arm for Rs 40 crore |
| Page Industries | Receives Dubai court notice over Yellow Flower dispute |
| India Cements | To acquire 26 per cent stake in Amplus TN One Energy |
| HUDCO | Signs MoU with Bihar govt for Rs 25,000 crore loans |
Raises USD 3.4 billion through FCNR-B deposits
RBL Bank said it garnered USD 3.4 billion through foreign currency non-resident bank (FCNR-B) deposits up to August 31, the closure date of the concessional swap facility.
Raises stake in life insurance venture
ICICI Bank said it increased its stake in its life insurance venture by acquiring a 2 per cent stake from its joint venture partner for Rs 1,470 crore.
To invest Rs 22 crore in Black Tiger Distilleries
Tilaknagar Industries announced plans to invest Rs 22 crore for a 30 per cent stake in Black Tiger Distilleries.
On track for double-digit growth
Godrej Consumer Products remains on track to deliver double-digit consolidated revenue and EBITDA growth, according to a company presentation.
Starts construction of four electric harbour tugs
Cochin Shipyard began construction of four advanced battery-electric harbour tugs for global towage and marine services provider Svitzer, supporting India’s efforts to build green vessels locally.
Partner for delivery vehicle ownership
Swiggy, which owns Instamart, announced a strategic partnership with Hero MotoCorp to provide its delivery partners access to affordable vehicle ownership.
To launch Lakshadweep charter flights
Thomas Cook (India) and group company SOTC Travel said they will launch exclusive charter flights to Lakshadweep from Bengaluru for the year-end holiday season.
Records highest-ever monthly cargo throughput
Adani Ports handled a record 50 million tonnes of cargo in August, its highest monthly throughput, supported by stronger domestic activity, rising container trade and diversified cargo.
To sell engineering and electronics arm
Blue Star will sell its subsidiary, Blue Star Engineering & Electronics, for Rs 40 crore.
Receives Dubai court notice
Page Industries received a Dubai court notice regarding the Yellow Flower dispute and said it believes the claims are without merit and is taking legal steps to contest them.
To acquire 26 per cent stake in Amplus TN One Energy
India Cements will acquire a 26 per cent stake in Amplus TN One Energy for Rs 14 crore to support its green energy needs and optimise costs.
HUDCO
Signs MoU with Bihar government
HUDCO signed an MoU with the Bihar government to provide loans worth Rs 25,000 crore over five years.
(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.)
