Reliance Infra, Reliance Industries, Zomato and other top stocks to watch out for on September 13

Sep 13, 2021

By: Rounak Jain

Reliance Infrastructure

Won the arbitration against Delhi Metro Rail, winning ₹2,950 crore in damages. The company said this will be used to reduce its debt.

Credit: Reliance-Infrastructure

Reliance Industries

The much-awaited JioPhone Next has been delayed till November due to a global shortage of chipsets. It was slated to launch on September 10.

Credit: Reliance-Industries

Zomato

To stop the grocery delivery service due to increased competition, poor customer experience and gaps in fulfilling orders.

Credit: Zomato

Infosys

Launched Equinox, a digital commerce platform, to help businesses deliver customised experiences to their customers, including chat bots, augmented reality, event streaming and more.

Credit: Infosys

IPO Watch

Audio accessory maker boAt is planning an IPO later next year, eyeing a valuation of $1.4 billion.

Credit: Flickr

Coal India

Might raise prices of dry fuel by 10 percent to cover the increase in costs and the impending wage revision of its employees.

Credit: BCCL

Indiabulls Housing Finance

Received approval from the Competition Commission of India to divest its mutual fund business to Groww, a brokerage, for ₹175 crore.

Credit: Indiabulls-Housing-Finance

InterGlobe Aviation

Aiming at running at full capacity in the domestic sector by December, up from the 70 percent load factor currently. The company wants to raise funds as an insurance against the third Covid wave, it said.

Credit: BCCL

Coffee Day Enterprises

Has closed its ongoing case with the market regulator SEBI after paying ₹69 lakh.

Credit: BCCL

JSW Steel

Moody’s has upgraded the company’s rating to positive from stable.

Credit: JSW-Steel

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