Stocks To Watch Today: IOCL, HFCL, Zomato, BEL & More

On the trading session of 18th September, Monday, here are the stocks to watch that may trigger price actions on Dalal Street.

HFCL

The company received an order from Madhya Pradesh Jal Nigam, a government-owned undertaking (hence, "MPJN"), totalling Rs. 1015 crores. This order includes provisions for EPC Services, such as the installation of optical fibre cables on critical and important routes, for the implementation of a multi-village drinking water supply network in the Madhya Pradesh district of Sheopur. The network's operation and upkeep will be improved by introducing optical fibre cables at these locations. This order is anticipated to increase the company's revenue and profitability. Within two years, the order is expected to be finished.

Cupid

A Special Export Award has been given to Cupid Limited by CAPEXIL in appreciation of the company's success in exporting Rubber Contraceptives for the fiscal years 2018-19, 2019-20, 2020-21, and 2021-22.

Mishtann Foods

To several FIIs, including Davos International Fund, Vespera Fund Ltd., Elara India Opportunities Ltd., Zinnia Global Fund PCC, and Citrine Fund Ltd., the company's board has authorised the issuance of up to 7,40,00,000 convertible equity warrants with each warrant convertible into 1 fully paid-up equity share of the company at a price of Rs. 13.50/- each on a preferential basis, amounting to up to Rs. 99.90 Cr. The board further approved the proposal for raising funds through an unsecured loan from promoter and director with an option to convert into equity shares, up to Rs. 200 Crore, subject to shareholders' approval, as per a stock exchange filing.

K.P. Energy

At the Sidhpur site in Devbhoomi Dwarka, KP Energy has successfully completed the commissioning of a second 21MW (Phase-IV) ISTS linked wind power plant, which consists of ten WTGs with 2.1MW each. The 250.8MW ISTS linked wind power project capacity granted to Apraava Energy Private Limited by Solar Energy Corporation of India Limited (SECI) during Tranche-VIII bidding includes this Phase-IV commissioning. Under the terms of the Land and Balance of Plant Contract, KP Energy is carrying out the project's development on behalf of Apraava Energy Private Limited. In comparison to the allotted capacity of 250.8MW, the net cumulative capacity that has been commissioned at the Sidhpur site as of the current Phase-IV commissioning is 128.1MW (i.e. 52.5MW + 29.4MW + 25.2MW + 21MW).

Indian Oil Corp

In order to build fertiliser factories in Gorakhpur, Sindri, and Barauni, the board approved an additional investment of Rs 903.52 in the JV Hindustan Urvarak and Rasayan.

Zomato

On September 14, 2023, Zomato Slovakia s.r.o., a step-down subsidiary of Zomato Limited located in the Slovak Republic, began the process of liquidation. Subject to the necessary clearances, the liquidation procedure is anticipated to be finished in 9 to 12 months.

Bharat Electronics

The company received several orders totalling Rs 3,000 crore. The Cochin Shipyard placed the order for the provision of different equipment at Rs 2,119 crore and further orders of Rs 886 crore.

Gensol Engineering

For Rs 135 crore, the company purchased 58,779 equity shares in Scorpius Trackers, representing 54.38% of the company's share capital and voting rights.

Texmaco Rail & Engineering

The board has given the go-ahead to raise up to Rs 1,000 crore through the issuing of equity shares through QIP and Rs 50 crore through preferential issues to promoters.

Excel Industries

The Board of Directors of the Company had granted approval for entering into a share subscription cum shareholders agreement with First Energy Private Limited and First Energy 7 Private Limited, as per a stock exchange filing. As per the agreement, Excel Industries will acquire not less than 26% of equity share capital of First Energy 7 Private Limited, the Special Purpose Vehicle (SPV) formed for constructing Captive Solar Power Plant. The deal will be finished in five months and will cost Rs. 5.24 crore.