CNBC-TV18’s top stocks to watch out for on September 22

SUMMARY

The Indian benchmark equity indices are likely to see a tepid opening on Wednesday, following a subdued trend visible in the global peers. The trends on SGX Nifty also indicate a flat start for the broader index in India. The Nifty futures were trading 6.00 points or 0.03 percent lower at the 17,555.50 level on the Singaporean Exchange at 7:20 am.

By CNBCTV18.comSept 22, 2021 8:04:05 AM IST (Updated)

Zee Entertainment Enterprises | The company's board has unanimously provided an in-principle approval for the merger between Sony Pictures Networks India and Zee Entertainment Enterprises.

Infosys | The company announced its collaboration with ServiceNow to provide enterprise-level service management for customers in manufacturing industries.

HDFC Bank | The lender plans to double the amount of loans it makes to retail borrowers over the next couple of years as consumer demand ramps up from a pandemic-induced slowdown, as per reports.

Mphasis | The company's wholly-owned subsidiary has acquired Blink Interactive for a total consideration of up to $94 million.

Vedanta | The company's proposal to invest Rs 1,240 crore to expand the capacity of an aluminium smelter in Odisha has been reportedly turned down by an expert panel of the Union Ministry of Environment.

Shoppers Stop | With footfalls recovering faster than expected post the COVID-19 second wave, the company has lined up aggressive growth plans for each of its business segments and expects to double its business in 3-4 years, said Venu Nair, MD & CEO of Shoppers Stop.

Torrent Power | The company has entered into a share purchase agreement with CESC, Haldia Energy and other nominal shareholders to acquire Surya Vidyut at an enterprise value of Rs 790 crore.

MTAR Technologies | The company has received NADCAP certification for its export-oriented unit and unit 5 in Telangana.

Nucleus Software Exports | The company's board will meet on September 24 to consider the proposal for buyback of fully paid-up equity shares of the company.

Heranba Industries | Promoter bought around 0.4 percent stake in the company through open market on Monday.

Hotels stocks | Sanjay Sethi, MD & CEO of Chalet Hotels, said the hotel industry should completely recover by the second half of 2023.

Surya Roshni | The company has bagged an order of Rs 41.22 crore for implementing smart LED street lights and installation of centralized monitoring system with operation and maintenance from the Greater Noida Industrial Development Authority.

Vikas Lifecare | The company's agro products division has received the largest single export order to date, amounting $1 million.

KEC International | The company has secured new orders of Rs 1,157 crore across its various businesses.