By keeping a close watch on every movement of stocks, your investment can definitely be protected. Here we are telling such stocks which will be in the news today and on which the market will be eyeing.
ONGC/OIL/RIL/HOEC in focus
Domestic gas prices have been increased by up to 62% from today. Gas prices will rise to $2.90 per unit by March 2022.
Difficult Gas Field prices have increased by 84.6% to $6.13 per unit. These news are negative for ceramics, fertilizers, electricity and CGDs. At the same time, gas companies will benefit from the increase in prices. A $1 increase in the price would increase the EPS of ONGC/OIL by 14-16%. An increase of $1 per unit in APM price would impact GAIL’s EPS by 5-6%. IGL, MGL will have to increase gas prices by 10%. The cost of fertilizer and power companies will increase.
Phillips Carbon in focusThe company has launched a QIP issue of Rs 375 crore. Its floor price has been fixed at Rs 255.85 per share.
in focus Maruti Suzuki
Maruti Suzuki has said that production at its Haryana and Gujarat plants has been affected due to shortage of semiconductors. In October, only 60% production was done at both the plants.
September Auto Sales Estimates
Most market leaders, who forecast September auto sales, say the Semiconductor shortage has impacted auto production. The impact of chip reduction is most visible on the 4-wheeler business. A spurt in festive demand has started in some states. In rural areas, there may be an increase in the demand for 4-wheelers. Due to better freight rates, the demand for trucks may see an increase. Along with this, due to the low base of the same period last year, companies like Tata Mot and Ashok Leyland can also see a boom in sales.
NBCC
NBCC has received an order worth Rs 96.48 crore to set up a drug warehouse.
Liker share in focus
New excise policy has been implemented in Delhi from today. Due to this, at least 40% of private shops are expected to be closed.
Can’t refuse EGM ZEE ENT– NCLT
Commenting on INVESCO’s appeal, NCLT has said that ZEE Entertainment cannot refuse to convene the EGM. The NCLT said that according to the rules, the company will have to call the EGM. The matter will now come up for hearing on October 4.
PARAS DEFENCE will be listed today
The listing of PARAS DEFENCE will happen today. Its issue price is Rs 175. This IPO was filled more than 304 times. The same, today is the last day of IPO of Aditya Birla Sun Life AMC.
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