Shree Cement, Zee Entertainment, telecom and other top stocks to watch out for on September 15

Sep 15, 2021

By: Rounak Jain

Shree Cement

Its board has approved setting up a cement plant at Nawalgarh at an outlay of ₹4,000 crore.

Credit: Shree-Cement

Zee Entertainment

Rakesh Jhunjhunwala-backed firm bought 50 lakh shares of Zee Entertainment at an average price of ₹220.4 per share. BofA Securities scooped 48.6 lakh shares at ₹236 per share.

Credit: Zee-Entertainment

Telecom stocks

Media reports suggest that the government is working on a telecom relief package, most likely in the form of a moratorium on AGR and spectrum dues.

Credit: Unsplash

IPO Watch

Sansera Engineering IPO subscribed 53 percent on Day 1.

Credit: Flickr

Ami Organics

Listed at a 50 percent premium and ended 53 percent up on its first day on the stock exchanges.

Credit: Ami-Organics

Vijaya Diagnostic

Listed at a 2 percent premium, but ended 17 percent up on its first day on the stock exchanges.

Credit: Vijaya-Diagnostic

LIC Housing Finance

LIC increased its stake in the company to 45.2 percent from 40.3 percent via preferential allotment of shares.

Credit: LIC-Housing-Finance

Tata Steel

Moody’s upgraded the company’s rating to Ba1 from Ba2.

Credit: Tata-Steel

Jindal Steel & Power

CRISIL upgraded the company’s rating to A from A-, while the outlook has been upgraded to Positive from Stable.

Credit: Jindal-Steel-Power

Indian Prime Minister Narendra Modi makes his points on China, Afghanistan and Pakistan at the United Nations General Assembly