Stocks To Watch Today: JIL, TCS, Tata Power, NBCC, Vedanta, Star HFL & More

Here are the top stocks to watch today that are likely to trigger some price action on the trading session of Wednesday, 6th September.

Jio Financial Services

On September 7, Jio Financial Services Ltd. would be banned from the Nifty50 and other indices, the stock exchange NSE announced on Tuesday.

Tata Consultancy Services

As part of this multi-year agreement, Lantmännen Ekonomisk Förening (Lantmännen) has chosen Tata Consultancy Services (TCS) as a strategic partner. TCS will assist Lantmännen in transforming its IT infrastructure and providing services for the digital workplace. In order to promote safe and agile hybrid working for all users while enhancing the employee experience, TCS will harmonise Lantmännen's digital workplace. To provide efficient 24-hour multilingual assistance, it will also overhaul Lantmännen's global service desk using TCS' digital experience suite. Additionally, TCS will update the infrastructure of the industry leader in agriculture and offer 24/7 business resilience operations. To provide quick services, TCS will make use of its solid local presence in Sweden and the Nordic region.

Star Housing Finance

By constructing a new office in Vashi, Star Housing Finance Limited (Star HFL) expanded its footprint in the Mumbai region. The branch is located in Vashi, Thane, Navi Mumbai at Office No. 221, 2nd Floor, Platinum Techno Park, close to Raghuleela Mall. With this, Star HFL now has a branch network of 14 physical offices and more than 30 points of presence associated with it and are staffed by Star HFL personnel.

Tata Power

At its manufacturing site in Pune, Tata Motors Limited collaborates with Tata Power Renewable Energy Limited to create a 12 MWp solar project. With this, Tata Motors Limited expands the facility's on-site solar power capacity to 20.73 MWp where it produces commercial vehicles in Pune. The project will produce 17.5 million units of electricity per year, or roughly 17.2% of the annualised demand, with the potential to reduce carbon emissions by almost 12400 tonnes/kWh annually.
The solar project will significantly advance Tata Motors' long-term goals and is scheduled to be put into operation six months after the PPA is signed. Installations on rooftops will be part of the PPA. This 12MWp enhances the 8.73MWp already in place, bringing the total for Tata Motors' CVBU (Commercial Vehicle), Pune, to 20.73MWp. To accommodate the rising demand for renewable energy, the company aims to expand the solar capacity of its Pune plant over the coming several years.

Syrma SGS Technology

The majority of the stake in Johari Digital Healthcare Limited ("JDHL") has been fully acquired by Syrma SGS Technology Limited. On September 5, 2023, the aforementioned acquisition of a 51% shareholding in JDHL of an end-to-end designer-led producer of electro-medical equipment for Rs 2,295 million was finalised.

Bikaji Foods International

Tuesday saw the open market sale of a 1.3% stake in Bikaji Foods International by Mumbai-based Lighthouse Advisors India for a little under Rs 156 crore. Lighthouse India Fund III sold 32,42,070 shares, or 1.3% stake in Bikaji, according to bulk trade data made available by the BSE.

Patel Engineering

Letter of award for an urban infrastructure development project of Rs. 1,275.30 crores has been secured by Patel Engineering Limited and the joint venture partner from Madhya Pradesh Jal Nigam, which was previously designated as L1. Being a 35% participant in the JV, the company's stake in the project is worth Rs. 446.36 crores. The Rs. 1,275.30 crore project is expected to be finished in 24 months, while operations and maintenance for the entire programme will continue for another 10 years.

NBCC

The Kerala State Housing Board and the state-owned construction company have agreed to the development of a 17.9-acre land parcel held by the board in Kochi. The project is worth Rs. 2,000 Cr.

Vedanta

According to CNBC-TV18, the Zambian government has consented to granting billionaire Anil Agarwal's Vedanta Resources back control of Konkola Copper Mines (KCM). The assets of Konkola Copper Mines include 16 million tonnes of contained copper.

Safari Industries

SBI Life Insurance Company purchased 2.05 lakh shares of Safari Industries through open market transactions for a total of Rs 77.38 crore and an average price of Rs 3,775 per share on Tuesday. However, Investcorp Private Equity Fund II, which as of June 2023 owned 1.22% or 2.88 lakh shares in Safari, offloaded 2.14 lakh shares in the firm at an average price of Rs 3,775.06 per share.