Top 5 stocks in focus on October 1: BSE, Indraprastha Gas to IL&FS, here are the 5 newsmakers of the day
The S&P Sensex at the Bombay Stock Exchange and the Nifty at the National Stock Exchange closed in the red on September 28, 2018. But there were certain stocks that came in news on the day after the market was closed for trade and can have an impact on the market on October 1, 2018.
The S&P Sensex at the Bombay Stock Exchange and the Nifty at the National Stock Exchange closed in the red on September 28, 2018. But there were certain stocks that came in news on the day after the market was closed for trade and can have an impact on the market on October 1, 2018. Here is the list of five of such stocks:
BSE: BSE will remain in focus due to a paradigm shift that it is making on Monday by launching commodity trading for the first time allowing trading in this asset class alongside all others on the same platform. It will be introducing a contract on Gold 1 kg and silver 30 kg.
Indraprastha Gas Limited (IGL): IGL has hiked the selling price of Compressed Natural Gas (CNG) by Rs 1.70 per kg to Rs 44.30 a kg and Piped Natural Gas (PNG) Rs 1.30 per scm to Rs 29.55 per scm in Delhi and adjoining territories.
Infrastructure Leasing & Financial Services (IL&FS): The cash-strapped group said it would sell its assets to repay creditors. The company in its Annual General Meeting (AGM) sought shareholders' permission to carry out its plans to recapitalise itself. After the AGM, the company has said that it will be able to collect about Rs 16,000 crore within 45 days by selling its assets.
Engineers India Ltd. (EIL): The state-owned EIL on Saturday said that it has bagged Rs 5,000 crore project execution order from HPCL Rajasthan Refinery Limited (HRRL).
Kalpataru Power Transmission (KPTL): Kalpataru Power, one of largest EPC players of India in power and infrastructure space, has won new orders worth Rs 1,145 crore for two projects. The first projects include design, supply and construction of 500 kV transmission lines in CIS regions and 230 kV transmission lines in Africa totalling ₹644 crore. The second project is an Rs 502-crore order for railway infrastructure construction from Rail Vikas Nigam Limited. It has won the railway project in consortium with JMC and EESPL.