Jio Financial, GAIL, NBCC Among Key Stocks Under Focus on Sept 6

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Jio Financial, GAIL, NBCC Among Key Stocks Under Focus on Sept 6
Credit: © Reuters.

By Malvika Gurung -- Jio Financial Services Ltd (NS: JIOF ): The demerged financial undertaking of Reliance Industries (NS: RELI ) will be excluded from the NSE indices, including Nifty 50 , starting September 7. 

GAIL (NS: GAIL ) (India): The CBI (NS: CBI ) has arrested the stated-owned natural gas giant’s Executive Director (ER & Projects), K B Singh, along with four other executive members of the company in relation to an alleged Rs 50 lakh bribery case in which gas pipeline projects were given concessions.

NBCC (NS: NBCC ): The Navratna PSU has signed MoU with the Kerala State Housing Board for a Rs 2,000 crore project, involving the development of 17.9 acres of land parcel of the Housing Board in Kochi.

Gensol Engineering (BO: GENO ): The EPC services provider’s Board has approved the issuance of bonus shares in a 2:1 ratio.

Jupiter Wagons (NS: JUWL ): The company’s Board approved to raise funds worth Rs 700 crore through Qualified Institutional Placement (QIP).

Bikaji Foods (NS: BIKA ) International: Investment firm Lighthouse India Fund III has sold 32.42 lakh shares of the ethnic snacks company, translating to a 1.3% stake at an average price of Rs 480/share, while Plutus Wealth Management LLP has acquired 13.5 lakh shares of the company at Rs 480.11 apiece on average.

Power Grid Corporation of India (NS: PGRD ): India’s largest electric power transmission utility has bagged an inter-state transmission system on a build, own, operate and transfer (BOOT) basis in Rajasthan.

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