Stocks To Watch Today: SBI, LIC, SJVN, RIL, Bajaj Finance & More

On Monday's trading session, here are the top 10 stocks to watch today that may trigger some price movement in trade.

Muthoot Capital Services

The company on Saturday received a fine from SEBI of Rs. 29,500 including 18% GST. "The fines were communicated to the Company on 20.08.2021. The Company had scrutinised the records and made the necessary disclosures on 23.08.2021. The delay was on account of the interpretation of the Company that the event for reckoning the start of 2 working days under Regulation 44 is the date of receipt of the Scrutinizer's report," said the company in a stock exchange filing.

SJVN

Thr Board of Directors of the company have accorded its in-principle approval for monetisation of partial earnings of the Nathpa Jhakri Hydro Power Station ("NJHPS") through Securitisation of its Future Return on Equity, as per a stock exchange filing.

SBI

On September 22, State Bank of India (SBI), the largest lender in the nation, announced that its fourth infrastructure bond issue raised Rs 10,000 crore at a coupon rate of 7.49 percent. According to a statement from SBI, the issue received an overwhelmingly positive reaction from investors, who offered bids totalling Rs 21,045.10 crore, over five times the base offering size of Rs 4,000 crore.

Reliance Industries

The entire Rs 2,069.50 crore subscription payment from the international investment company KKR has been received by Reliance Retail Ventures Ltd, the retail division of Reliance Industries, and 17.1 million equity shares have been allocated. KKR's shareholding in Reliance Retail Ventures Ltd (RRVL) has grown from 1.17 percent to 1.42 percent as a result of the share issuance.

LIC

The Additional Commissioner of State Tax for Bihar sent the corporation with a demand for GST, interest, and penalties totalling Rs 290.5 crore.

JSW Steel

For the purposes of establishing scrap shredding facilities in India to achieve its objective of reducing carbon footprint by increased usage of steel scrap in steelmaking operations the company signed a termination agreement with National Steel Holdings of New Zealand. It will buy the 50% stake in NSL Green Recycling currently owned by NSHL.

"Consequent to completion of this Transaction on the closing date as mentioned in the SPA, the Company's shareholding in NSL will increase from 50% (pre-acquisition) to 100% (post-acquisition) and NSL will become a Wholly Owned Subsidiary of the Company effective the closing date," said the company in a stock exchange filing.

Bajaj Finance

On October 5, the board will meet to discuss raising funds through a QIP.

Mahindra & Mahindra Financial Services

Mahindra Finance on Friday paid Rs 206.39 crore for a 20 percent stake in Mahindra Insurance Brokers Ltd (MIBL), turning it into a wholly-owned subsidiary of the company. In accordance with the Insurance Regulatory and Development Authority of India's (Irdai) permission, the company completed the purchase of 20,61,856 equity shares worth Rs 10 each from MIBL at a cost of Rs 1,001 per share, according to a regulatory filing by Mahindra Finance. As a result, starting on September 22, 2023, MIBL will be a fully-owned subsidiary of the company, it was said.

Blue Star

In a Friday exchange statement, Blue Star Ltd. stated that the QIP issuance it launched on Monday had raised Rs 1,000 crore. The issuance of 1.29 crore equity shares at a price of Rs 770 per share was approved by the Board. Norges Bank on behalf of the Government Pension Fund Global, SBI Large & Midcap Fund, the Abu Dhabi Investment Authority, HDFC Trustee Company Ltd. for the HDFC Tax Saver Fund, and the Fidelity India focus fund are a few of the shareholders who have received more than 5% of the shares up for holds under the QIP.

Ircon International

With Sri Lanka Railways, the company has an agreement for $14.89 million, or Rs 122 crore, for the design, construction, and commissioning of a signalling and telecommunication system.