Stocks To Watch, September 20: Snapping its record 11-day gaining streak, Sensex fell by around 242 points on Monday as profit taking in metal, banking and telecom shares amid weak global trends pulled down the benchmark index from record high levels.
In a volatile session, the BSE Sensex fell by 241.79 points or 0.36 per cent to settle at 67,596.84. The broader NSE Nifty closed 59.05 points or 0.29 per cent down at 20,133.30.
"Domestic markets relinquished their momentum as they anticipated a raft of policy rate decisions due this week. The investor's confidence was also impacted by the expectations of a demand resurgence in China, combined with crude supply cuts. With the Fed rate hike fears back on the cards, as reflected in the elevated US bond yields, the markets await clarification from major central banks," said Vinod Nair, Head of Research at Geojit Financial Services.
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The stock market remained closed on 19 September on account of Ganesh Chaturthi.
Top Stocks To Watch On 20 September
Biocon
The biopharmaceuticals company has received approval from its Board to appoint Peter Bains as the Group chief executive officer (CEO) from 18 September. Bains will report directly to Biocon Group Chairperson Kiran Mazumdar-Shaw. Bains has stepped down from his role of Independent Director on Biocon Board with immediate effect, to assume this strategic executive responsibility.
Tata Motors
The automobile company will raise prices of commercial vehicles by up to 3%, with effect from 1 October. The price hike aims to offset the residual impact of the past input costs, and will be applicable across the entire range of commercial vehicles.
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HDFC Bank
HDFC Bank on Tuesday reappointed Sashidhar Jagdishan as managing director and CEO of the company for a period of three years with effect from 27 October 2023 to 26 October 2026. “The bank has approved the re-appointment of Mr. Sashidhar Jagdishan (DIN: 08614396) as the Managing Director and Chief Executive Officer of the Bank for a period of 3 (three) years w.e.f. October 27, 2023 to October 26, 2026," HDFC Bank said in a BSE filing on Tuesday.
BHEL
The government of India has approved the appointment of Tajinder Gupta as Director (Power) of Bharat Heavy Electronics Limited (BHEL) with effect from 1 September. Gupta was the Chief General Manager (CGM) at NTPC at the time of appointment.
BL Kashyap and Son
The company secured an order amounting approx Rs 167 crore. Its total order book as on date stands at Rs 3,005 crore (excluding GST).
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