Stocks to Track on Sept 1: NCC, Neogen, oil & gas, restaurant, airline stocks in focus

Domestic equity benchmarks Sensex and Nifty50 fell about 0.3 per cent each on Friday amid weakness in oil & gas and IT shares though strength in FMCG stocks lent some support. The Sensex gave up 270.9 points to settle at 79,809.7 while the Nifty50 lost 74.1 points to close at 24,426.9. Both gauges fell for a third straight session.

Investor sentiment remained muted on Dalal Street after an additional US duty of 25 per cent on Indian exports into the world’s largest economy took effect last week, taking the total levy to 50 per cent.

As market participants await a new trading week and a new month, here are a few stocks set to be in focus during the September 1 session on Dalal Street:

Corporate Action | Dividend & Share Split

A number of stocks are set to trade ex-dividend on Monday. These are: Alivus Life Sciences, Elnet Tech, Kanpur Plastipack, Patel Integrated Logistics, Rishiroop, Triveni Turbine and Triveni Engineering & Industries. 

Also at the opening bell, the Pavna Industries stock is slated to trade ex-split.

Energy basket in focus

Oil and gas, restaurant and airline stocks are set to be in focus with all eyes on any announcement about revisions in fuel rates linked with these industries. 

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Welspun Specialty Solutions

The company has received a final revocation order from the Gujarat Pollution Control Board (GPCB) for operations at the Jhagadia plant. 

Welspun Specialty Solutions can now continue operations at the plant without any interruption. 

The firm has reiterated its strong commitment towards environmental regulations. 

DOMS Industries

DOMS Industries has raised stake in its subsidiary Pioneer Stationery by purchasing 3,900 shares for approximately Rs 5.5 crore. 

The parent’s stake in the subsidiary has risen from 51 per cent to 57.5 per cent. 

Thomas Cook (India)

Thomas Cook and SOTC Travel have signed a long-term strategic pact with Queensland Tourism. 

Under the deal, the goal is to attract year-round tourists from India and enhance tourism visibility. 

NCC

The company has secured two orders amounting to Rs 788.3 crore in August from state government agencies for its water division. 

Neogen Chemicals

The company’s subsidiary, Neogen Ionics, has entered a JV agreement with Morita Investment, in order to enter the lithium-ion battery market.

Both companies will invest in NML, a subsidiary of Neogen Ionics. 

Tourism Finance Corporation of India

The company’s director, Aditya Kumar Halwasia, has acquired 3.25 lakh shares through the open market route on NSE, taking his shareholding from 19.12 per cent to 19.47 per cent.

The transaction was worth Rs 9.9 crore. 

GHCL Textiles & GHCL

Capital market regulator SEBI has issued an order on golden tobacco on August 29, with directions issued against the company’s non-executive chairman, Anurag Dalmia. 

Dalmia has been banned from the securities market for 18 months and fined Rs 20 lakh.