Stocks to keep an eye on include MTAR Tech, Marico, ZEEL, Future Retail, Canara Bank, and CIL.

The S&G Nifty Index, which was 34 points lower at 17,785 at 8:30 a.m. on Wednesday, predicts a sluggish start for the markets on that day. In today’s trading session, these are the top stocks to watch:

In the three months from July to September, Godrej Consumer Products Ltd (GCPL), a large FMCG firm, indicated that it hopes to achieve “high single-digit sales growth” on a consolidated basis. The business said in an announcement that demand trends in key nations where it operates remained stable during the quarter. On the other hand, GCPL expects lower operating margins for the quarter as a whole.

A reduction of up to 15 basis points in its marginal cost of funds-based lending rate, effective immediately, announced by the state-owned Canara Bank on Tuesday (MCLR). Beginning on October 7, the bank will reduce the one-year MCLR by 10 basis points, to a rate of 7.25 percent.

Promoter Aasia Corporation LLP and exporter Aasia Corporation LLP sold shares in Hinduja Global Solutions Ltd. For more than Rs 102 crore in open market transactions, the firm reported.

The board of directors of state-owned CIL accepted in principle a pre-feasibility report for the establishment of an Odisha integrated greenfield aluminium project on Tuesday.

Because of a decrease in COVID-19 instances and an expanded vaccination drive that has led to greater mobility levels, Marico expects revenue growth for the three months ended September 30, 2021, to be in the “low twenties,” the company said on Tuesday. In the fast-moving consumer goods industry, Marico is a market leader.

As of the conclusion of the second quarter on September 30, 2021, advances at IDFC First Bank had increased by 9.75%, bringing the total to Rs 1,17,243 crore. The bank’s gross funded assets were Rs 1,06,828 crore at the end of the second quarter of the 2020-21 fiscal year, according to a regulatory filing.

ZEEL

 According to a judgement made on Tuesday, the National Company Law Tribunal (NCLT) ordered Zee Entertainment Enterprises to respond by Thursday to a petition filed by Invesco and OFI Global China. Zee Entertainment Enterprises was given ‘weeks and weeks’ of extra time to file a response to the EGM requisition in question, but the tribunal ruled that the issue in dispute is simple: is the call for an extraordinary general meeting (EGM) real or not?

According to Vedanta Group founder Anil Agarwal, if the state-owned Hindustan Copper Ltd company is put up for sale, Vedanta will explore competing for the government’s interest in the company.


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