Bharat Electronics, Tata Steel, Vedanta, BPCL, and other stocks to watch
Stocks to Watch Today: Here’s a brief glance at the stocks that might be the focus of today’s trading.
Bharat Electronics Ltd. (BEL): The public sector defense firm Bharat Electronics Ltd. (BEL) said on Wednesday that it has obtained orders totaling ₹1,155 crore in two distinct transactions. Cochin Shipyard Limited (CSL) secured the first order for the delivery of domestic multi-function X-Band radars, valued at ₹850 crore. Furthermore, according to its stock market filing, BEL got orders totaling ₹305 crore for a range of naval systems, including complicated navigational systems for ships, thermal imagers, communication equipment, fire control, and gun control systems, as well as spares and services.
Tata Steel: As part of its £1.25 billion green steel project in Port Talbot, Wales, Tata Steel Ltd. has inked a £500 million grant deal with the UK government. With the help of this money, an electric arc furnace will be installed with the goal of reducing industrial carbon emissions in the UK by 8% and in Port Talbot by 90%. With government backing, according to Tata Steel CEO T.V. Narendran, the project could establish Port Talbot as a premier green steelmaking center in Europe and make a substantial contribution to circular economy principles by using waste materials.
Adani Ports and Special Economic Zone (APSEZ): APSEZ has signed a concession deal to build Berth No. 13 at Deendayal Port, Kandla, Gujarat, via its subsidiary DPA Container and Clean Cargo Terminal Limited (DPACCCTL). By FY27, the berth—which will be used to handle containers and multipurpose clean cargo—should be operational.
Bharat Petroleum Corporation (BPCL): BPCL has obtained an Abu Dhabi production concession via Urja Bharat Pte Limited (UBPL), a subsidiary. The 6,162 square kilometer granted area has both conventional and unconventional gas resources.
Auto Stocks: Following the Union Cabinet’s approval of two significant initiatives, PM-eBus Sewa-Payment Security Mechanism (PSM) and PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE), auto manufacturers will be the center of attention. These programs, which would cost ₹14,335 crore in total, are meant to encourage people to use electric vehicles (EVs), including trucks, buses, and ambulances.
Vedanta: To pay off existing debt, Vedanta issued US dollar bonds, raising $900 million in the process. The bond had a 10.875 percent interest rate when it was issued, and it was heavily oversubscribed.
Nazara Technologies: For $2.2 million, Nazara Technologies has purchased a 15.86 percent minority position in blockchain-based e-sports firm Stan. Stan prioritizes digital collectibles and fan connections via mobile devices.
Route Mobile: On September 12 and 13, promoter Proximus Opal plans to sell up to 38 lakh shares, or 6.03 percent of the company, via an offer for sale (OFS). A floor price of ₹1,635 per share has been established for the OFS. Non-retail investors may access the offer on September 12; retail investors can access it on September 13.
HPCL: The Visakh-Raipur Pipeline Project, which entails building a pipeline from Visakh to Raipur along with supporting infrastructure including a depot at Kantabanji, has been authorized by the board of Hindustan Petroleum Corporation Ltd. (HPCL). The projected cost of the project is ₹2,212 crore.
NBCC: To build a 13.88-acre plot of land in New Delhi, NBCC and MTNL have partnered. The project is estimated to be around ₹1,600 crore.
Arvind Fashions: In a block transaction, Goldman Sachs paid₹75 crore to purchase more than 13 lakh shares of Arvind Fashions.
