Indian benchmark indices continued to fall on Monday amid heavy selling following a surge in crude oil prices and heightened geopolitical concerns. BSE Sensex fell 638.45 points or 0.78 per cent to close at 81,050.00. NSE’s Nifty 50 fell 218.85 points or 0.87 per cent to 24,795.75. These stocks could be in the news before the opening bell on Tuesday, October 08, 2024:
Tata Motors: The automaker’s subsidiary Jaguar Land Rover reported sales of 1.03 lakh units for the quarter ending September 2024, down 3 per cent compared to the same period a year ago. Disruptions in the aluminum supply chain led to a 7 per cent decline in production during the period to 86,000 units. Wholesale sales declined by 10 percent to 87,303 units.
HDFC Bank: The board has approved sale of 100 percent stake in HDFC Education and Development Services to Vama Sundari Investments (Delhi) for Rs 192 crore. Vama Sundari Investments is a related party of HDFC Asset Management Company, a subsidiary of HDFC Bank.
Bharat Electronics: The PSU player company has received additional orders worth over Rs 500 crore since September 11. With these new orders, BEL has now secured total orders worth Rs 7,689 crore in the current financial year.
Ola Electric: The recently listed two-wheeler maker has admitted to receiving a show cause notice from the Central Consumer Protection Authority (CCPA), accusing the company of violating consumer rights, indulging in misleading advertisements and unfair trade practices. has been applied.
Purvankara: The construction group unit has signed a sale deed to acquire 3 acres, 4 guntas of land in North Bengaluru to develop a residential project.
IRCON: Apex Buildsys has filed a claim of Rs 38.7 crore against IRCON. This claim is being decided by the arbitral tribunal. Apex Buildsys is a contractor for IRCON, and the potential financial implications will depend on the final determination of the disputes or claims.
HEG: Electrodes Company has invested Rs 248.62 crore to acquire 8.23 per cent stake in New York Stock Exchange-listed graphite electrodes maker Graphtec International through a secondary market transaction.
Power Mech Projects: Multibagger Civil Construction players will trade X-Bonus at 1:1 ratio today.
Lemon Tree Hotels: The hotel chain has signed a license agreement for a 54-room hotel property in Udaipur, Rajasthan. The property will be managed by the company’s subsidiary Carnation Hotels and is expected to open in FY27.
Axicom Tele Systems: The board has appointed Pooja Duggal as the Chief Human Resources Officer of the company with effect from October 7, 2024. Preeti Dhal Pal has resigned from the post of Vice President, Human Resources due to personal reasons.
Hi-Tech Pipes: Pipe Player opened its qualified institutional placement (QIP) on October 7. The floor price has been set at Rs 194.98 per share.
Swellect Energy Systems: Swellect Clean Energy, a subsidiary of the solar power company, has commissioned an additional 7 MW solar power plant in Pudukottai, Tamil Nadu.
Iraya Lifespace: The auto company’s subsidiary Ebix Cash has won a contract to provide network integration services to Punjab National Bank. This contract worth Rs 138.75 crore has been given for a period of three years.
Zodiac Energy: The construction company has received an order worth Rs 154.27 crore from Ahmedabad Municipal Corporation. The order includes design, supply, installation, testing and commissioning of a 30 MW ground-mounted solar project in Gujarat, including construction, operation and maintenance for five years.