Overnight digest: Stocks to watch out for on September 6

Reliance Industries, IOC, ONGC, Coal India, and Titan Company were the top Nifty gainers.

The frontline indices Nifty and Sensex recorded fresh lifetime highs of 17,340.10 and 58,194.79, respectively to end the session at record closing high levels on September 3, 2021. Reliance Industries, IOC, ONGC, Coal India, and Titan Company were the top Nifty gainers. On the other hand, Cipla, HUL, Bharti Airtel and HDFC Bank were among the top losers.  

  The following stocks are likely to be in focus on September 6, 2021:   

 Maruti Suzuki – The company will proactively recall 1,81,754 units manufactured between May 4, 2018 and October 27, 2020. The list includes petrol variants of various models namely, Ertiga, Vitara Brezza, Ciaz, S-Cross, and XL6 over possible defects. Recall campaigns are undertaken globally to rectify faults that may be potential safety defects.  

 PVR - PVR Cinemas has recently announced the opening of its first cinema in Jamnagar with 100 per cent vaccinated staff. This is the company’s fifteenth property in Gujarat. The multiplex is located at one of the biggest entertainment hubs in the city i.e. ‘JCR – The Entertainment World’. The three-screen property covers an area of 30,000 sq. ft and is expected to house an audience of up to 706.  

 Goodluck India – The company been awarded a letter of intent (LoI) for orders worth Rs 198.76 crore by L&T for India’s bullet train project. The LoI is granted for the supply and fabrication of special bridges on National High-Speed Rail Track between Vapi and Mumbai.   

 Granules India - The company has received licence from Defence Research & Development Organisation (DRDO) to manufacture and market COVID-19 treatment drug, 2- Deoxy-D-Glucose (2-DG).  

 TTK Prestige – The company announced that it has completed expansion of capacity at its plant at Karjan, Vadodara district in Gujarat. This capacity expansion is with respect to non-stick cookware and the added capacity is four million pieces per annum.  

 Indiabulls Housing Finance – The company will launch a public issue of bonds in the coming week to raise up to Rs 1,000 crore. The public issue is of secured/and or unsecured, redeemable, non-convertible debentures of the face value of Rs 1,000 each.