Reliance, Just Dial, Mahindra and other hot stocks to watch out for on September 3

Sep 3, 2021

By: Rounak Jain

Reliance Industries

Its subsidiary, Reliance Retail, has increased its stake in Just Dial to 40.98 percent. It had earlier acquired a 15.63 percent stake in the company.

Credit: BCCL

Just Dial

Now controlled solely by Reliance Retail. Shares of the company were up nearly 3 percent in trade yesterday.

Credit: Just-Dial

Mahindra & Mahindra

To observe seven ‘No Production Days’ in September due to a shortage of semiconductor chips. This is likely to reduce production volumes by up to 25 percent.

Credit: Mahindra-Mahindra

Banking stocks

SBI, IDFC First, Kotak Mahindra and Federal banks join HDFC, ICICI, Axis and IndusInd banks in the Account Aggregator Ecosystem, allowing customers to avail various financial services on a single platform.

Credit: Unsplash

IPO Watch

Ami Organics IPO subscribed 3.9 times as of Day 2, while Vijaya Diagnostic IPO was subscribed 0.47 times.

Credit: Flickr

Granules India

Bagged a licence from DRDO to manufacture 2-DG, an oral prescription medicine used in the treatment of moderate to severe COVID-19 patients.

Credit: Granules-India

RailTel

Received an order from the Indian Air Force for implementation of a secure optical packet switch network for ₹300 crore.

Credit: RailTel

IRB Infrastructure Developers

Bagged a ₹909 crore contract to construct six lanes of a 20.09 kilometre stretch of the upcoming Chittoor-Thatchur highway in Tamil Nadu.

Credit: IRB-Infrastructure-Developers

Hindustan Aeronautics

Its board will meet on September 21 to consider sub-division of equity shares.

Credit: Hindustan-Aeronautics

Rossari Biotech

Completed the acquisition of a 76 percent stake in Tristar Intermediates, another specialty chemicals company. The total enterprise value is agreed at ₹120 crore.

Credit: Rossari-Biotech

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