CNBC-TV18's top stocks to watch out for on September 4

SUMMARY

India's Sensex is likely to recoup losses on Wednesday on the back of short-covering after the benchmark index posted its biggest one-day fall in 2019 in the previous session. At 7:00 AM, the SGX Nifty Futures traded higher by 0.30 percent, or 32.50 points, at 10,852, indicating a slightly positive start for the Sensex and the Nifty.

By CNBC-TV18Sept 4, 2019 7:50:50 AM IST (Updated)

NIIT: The board has approved buyback of up to 2.68 crore equity shares worth Rs 335 crore.

Andhra Bank: The meeting of board of directors of the bank is scheduled to be held on Friday to consider the amalgamation proposal of Union Bank of lndia, Andhra Bank and Corporation Bank.

Tata Communications: Neeco Global ICT Services, a leading global provider of complex ICT services, announced that it has become a customer of Tata Communications, to take to market and deliver Internet of Things (IoT) services for enterprises in Europe.

Praj Industries: The company's proprietary and award-winning technology 'Enfinity' will be deployed to produce ethanol and other co-products using sugarcane bagasse in what would be USA's first bagasse-based bio-refinery.

SBI: India's largest bank State Bank of India (SBI) on Tuesday said there is high demand for home loans, especially in the affordable housing segment.

Shakthi Sugars: M. Manickam, chairman and managing director, said an increase of Rs 2 in the price of ethanol would mean a gain of Rs 130 per tonne.