Stocks in Focus: Nazara Technologies, RAMCO Cements, Escorts Kubota, Hero MotoCorp, IIFL Finance and Cipla; Check Share Price
Indian markets are expected to open flat today as any major cues from global markets are missing today. NSE Nifty closed at 19528, comfortably above 19500 levels which could act as immediate support in today’s session. US markets remained closed on Monday due to Labour Day holiday. Escorts Kubota, Hero MotoCorp, Nazara Technologies, RAMCO Cements, IIFL Finance and Cipla are among stocks in focus today and can offer trading opportunities to short term traders.
Hero MotoCorp is investing Rs 550 crore in Rights Issue of Ather Energy Private Limited. Hero MotoCorp is investing heavily in electrification of its vehicles and this investment in Ather Energy is part of the strategy for Hero MotoCorp.
Pharmaceutical major Cipla is investing USD 45 million to acquire a privately owned consumer health and generic medicine company Actor Pharma in South Africa.
Escorts Kubota informed the exchange that it will implement a price increase across its range of tractors, affecting various models effective September 16, 2023.
Ramco Cements has commissioned one more waste heat recovery system leading to total operating capacity of waste heat recovery system at 43 MW. The company has 166 MW of wind energy capacity as well.
Nazara Technologies stock jumped in yesterday’s trade after Zerodha founder Nikhil Kamath increased his stake in the company with Rs 100 crore investment. The stock is expected to trade firm in today’s session as well.
IIFL Finance has launched a golden ESOP scheme worth Rs 180 crore, the biggest in BFSI segment.