Stocks to Watch Today, September 1: Indian stocks are likely to remain in focus on Tuesday as investors track a slew of company-specific developments across sectors. Mahanagar Gas, ITC, Mahindra & Mahindra, Mankind Pharma and Concord Biotech are among the companies that could see activity following key corporate announcements.
ONGC will also be closely watched after outlining plans to enter crude and petroleum-product trading, build a new strategic petroleum reserve and step up deepwater exploration investment.
Here’s the list of stocks to watch in today’s trading session:
| Stocks in focus | Why in focus |
| Mahanagar Gas | CNG, PNG prices hiked |
| ITC | ITC Infotech, Happiest Minds to merge |
| Mahindra & Mahindra | Nagpur plant takes shape |
| Mankind Pharma | Hospitality arm stake sold |
| Concord Biotech | 2 per cent stake sold for Rs 294 crore |
| ONGC | Plans crude, fuel trading entry |
| Brigade Enterprises | Coimbatore housing project launched |
| Cipla | Breast cancer drug deal |
| PVR INOX | Rs 300 crore buyback approved |
| Aurobindo Pharma | Generic Advair launched in US |
| Piramal Finance | Rs 3,850 crore capital raise |
CNG, PNG prices hiked
Mahanagar Gas raised CNG prices by Rs 2/kg and domestic PNG prices by Rs 1/SCM, citing higher input costs amid tensions in the Middle East.
ITC
ITC Infotech, Happiest Minds to merge
ITC Infotech will merge with Happiest Minds Technologies to create an AI-first enterprise targeting USD 1 billion in turnover by FY28.
Nagpur plant takes shape
Mahindra Group is moving to take possession of the first package of around 800 acres for its largest integrated auto and tractor facility in Nagpur.
Hospitality arm stake sold
Mankind Pharma sold its entire 100 per cent stake in Broadway Hospitality Services to AKRK Projects LLP.
2 per cent stake sold for Rs 294 crore
A public shareholder exited Concord Biotech by selling its entire 2 per cent stake for Rs 294 crore through an open-market transaction.
ONGC
Plans crude, fuel trading entry
ONGC plans to enter crude and petroleum-product trading and build a new strategic petroleum reserve, while keeping upstream exploration as its core focus.
Coimbatore housing project launched
Brigade Enterprises launched its first housing project in Coimbatore and expects the upcoming property to generate total revenue of Rs 600 crore.
Cipla
Breast cancer drug deal
Cipla entered an exclusive agreement with Sino Biopharmaceutical’s SBP Group for a breast cancer drug.
Rs 300 crore buyback approved
PVR INOX’s board approved a Rs 300 crore share buyback at Rs 1,450 per equity share.
Generic Advair launched in US
Aurobindo Pharma’s subsidiary Lannett Company launched a generic version of Advair Diskus in the US market.
Rs 3,850 crore capital raise
Piramal Finance will raise Rs 3,850 crore in growth capital through an institutional placement of shares and promoter infusion.
(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.)
