Key Stocks As Nifty Opens Lower: Suzlon Energy, Coal India, Mcleod Russel & More
By Malvika Gurung
Investing.com — The domestic market opened the new week lower, tracking weak cues from Asian markets, while prices surged almost 3.5% on Monday following reports of the OPEC+ to consider supply cuts at an upcoming meeting in the week after plummeting 11.2% in September.
At 9:37 am, traded 0.62% lower and declined 0.7% or 394 points. tanked 0.82%.
Here are some stocks in focus on Monday.
Suzlon Energy (NS:): The renewable energy company’s founder, chairman and MD Tulsi Tanti passed away on Saturday evening due to cardiac arrest. He was known as India’s ‘wind man’.
Coal India (NS:): The Maharatna PSU’s output surged 19.7% YoY in H1 FY23, producing 299 million tonnes, already achieving 43% of the financial year’s target of 700 MT production. Its coal off-take in the Apr-Sept 2022 period exceeded the target, depicting a 101.7% satisfaction.
APL Apollo Tubes (NS:): The structural steel tubes manufacturer’s quarterly sales volume surged 41% YoY to 6.02 lakh tonnes in Q2, marking its highest quarterly sales. In H1FY23, the figure jumped 28% YoY to 10.25 lakh tonnes.
Spandana Sphoorty (NS:): The micro-finance company has been removed from Crisil’s ‘watch with developing implications’ radar and has been reaffirmed an ‘A’ rating with a stable outlook for bank loan facilities worth Rs 3,500 crore.
HFCL (NS:): The telecom company has launched the 5G Lab-as-a-Service to provide 5G solutions and services to the government and private sectors and offer an automated test environment.
McLeod Russel India (NS:): The tea company expects banks to support its debt restructuring plan, which is currently looking out for clearances from credit rating agencies.
63 Moons Technologies (NS:): The financial company will provide software support services to Multi Commodity Exchange of India (NS:) (MCX) for three months, starting October, 2022.
By Malvika Gurung
Investing.com — The domestic market opened the new week lower, tracking weak cues from Asian markets, while prices surged almost 3.5% on Monday following reports of the OPEC+ to consider supply cuts at an upcoming meeting in the week after plummeting 11.2% in September.
At 9:37 am, traded 0.62% lower and declined 0.7% or 394 points. tanked 0.82%.
Here are some stocks in focus on Monday.
Suzlon Energy (NS:): The renewable energy company’s founder, chairman and MD Tulsi Tanti passed away on Saturday evening due to cardiac arrest. He was known as India’s ‘wind man’.
Coal India (NS:): The Maharatna PSU’s output surged 19.7% YoY in H1 FY23, producing 299 million tonnes, already achieving 43% of the financial year’s target of 700 MT production. Its coal off-take in the Apr-Sept 2022 period exceeded the target, depicting a 101.7% satisfaction.
APL Apollo Tubes (NS:): The structural steel tubes manufacturer’s quarterly sales volume surged 41% YoY to 6.02 lakh tonnes in Q2, marking its highest quarterly sales. In H1FY23, the figure jumped 28% YoY to 10.25 lakh tonnes.
Spandana Sphoorty (NS:): The micro-finance company has been removed from Crisil’s ‘watch with developing implications’ radar and has been reaffirmed an ‘A’ rating with a stable outlook for bank loan facilities worth Rs 3,500 crore.
HFCL (NS:): The telecom company has launched the 5G Lab-as-a-Service to provide 5G solutions and services to the government and private sectors and offer an automated test environment.
McLeod Russel India (NS:): The tea company expects banks to support its debt restructuring plan, which is currently looking out for clearances from credit rating agencies.
63 Moons Technologies (NS:): The financial company will provide software support services to Multi Commodity Exchange of India (NS:) (MCX) for three months, starting October, 2022.