After a brutal selloff in the last session, the Sensex and Nifty indices may continue to be weak on Monday too. At 7:30 am, the SGX Nifty futures were 100 points lower at 17,227 levels.
Globally, the S&P500 and Nasdaq dropped around 2 per cent each on Friday. This morning in Asia, Nikkei and Kospi also declined by 2 per cent each amid rising recession fears.
That said, here are some stocks to watch out for in trade today:
Harsha Engineers: The company will make its debut on the bourses today. The issue price is fixed at Rs 330 per share. As per IPO Watch, the stock can list with a 50 per cent premium at Rs 500.
Siemens: The National Company Law Appellate Tribunal (NCLAT) has dismissed an appeal by Siemens Ltd against the invocation of its bank guarantees by Meenakshi Energy. Meenakshi Energy Ltd (MEL) which is presently facing insolvency proceedings, was setting up a 700 MW thermal plant, in which Siemens was a sub-contractor for the project.
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Anupam Rasayan India : The company has been directed by GPCB (Gujarat Pollution Control Board ) to pay Rs 1 crore as an interim environmental damage compensation (affected the air quality due to fire ).
Coal India: As per a report by CNBC-TV18, the coal ministry said the company would sign a Memorandum of Understanding with three major PSUs for coal to chemical products. It will set up four surface coal gasification projects, and aims for 100 MT coal gasification by 2030, says the ministry.
Britannia Industries: The board of directors has elevated Varun Berry to Executive Vice-Chairman and Managing Director of the company, and appointed Rajneet Kohli as Executive Director and Chief Executive Officer, with immediate effect. Rajneet Kohli will report to Varun Berry.
Spandana Sphoorty: Board to consider fund raise via Non-Convertible Debentures (NCDs) on September 28, 2022
Campus Activewear: The company's board has approved the merger of its wholly-owned subsidiary, Campus AI with the company.
State Bank of India: The bank has raised Rs 4,000 crore through non-convertible debentures on private placement basis.
Unichem Laboratories: The company has completed its sale of 19.97 per cent equity shares in Optimus Drugs to Sekhmet Pharmaventures. Accordingly, it has received payment towards completion of sale of first tranche.
RailTel Corporation of India: The Government of India has appointed Sanjai Kumar as Chairman and Managing Director of the company, with effect from September 23.
Embassy Office Parks REIT: As per Reuters, Blackstone Inc will sell a stake worth up to $400 million in Embassy Office Parks REIT, India's biggest real estate investment trust, via block deals, and Abu Dhabi's sovereign wealth fund is likely to pick up at least half of the stake that Blackstone is to sell.
 "Stocks to Watch: Harsha Engineers, Britannia, Coal India, Anupam Rasayan")
