Top stocks to Watch On September 11: Tata Motors, IREDA, Axis Bank, HDFC Bank, Wardwizard Healthcare, Pidilite Industries, IndiGo, PC Jeweller

Top stocks to Watch On September 11: On September 11, the Indian benchmark indices, Bse Sensex and Nse Nifty 50 will begin the day in a negative as indicated by GIFT Nifty.

On Wednesday, there are several stocks that you should watch today, some of them are Tata Motors, IREDA, Axis Bank, HDFC Bank, Wardwizard Healthcare, Pidilite Industries, IndiGo, and PC Jeweller.

Let’s dive into a more detailed view of these stocks:

Also Read: Top Stocks to Watch On September 9: Ola Electric, Mazagon Dock, SpiceJet, Hindustan Unilever, Adani Group, Granules India, Suven Pharma, RBM Infracon

Tata Motors

The company has received approval from the Competition Commission of India (CCI) for the merger of Tata Motors Finance Ltd (TMFL) and Tata Capital Ltd (TCL). The merger plan was declared in June and will see TCL absorb TMFL via a scheme of arrangement filed with the National Company Law Tribunal, and TCL emerging as the surviving firm.

IREDA

The International Financial Services Centre Authority (IFSCA) has granted preliminary registration as a finance business to IREDA Global Green Energy Finance IFSC Ltd.

Axis ans HDFC Bank

The Reserve Bank of India said that it has imposed monetary fines on two banks, Axis Bank Ltd and HDFC Bank Ltd because it was unable to comply with various regulatory requirements. On September 3, 2024, Axis Bank was fined ₹1.91 crore, while HDFC Bank faced a penalty of ₹1 crore.

Wardwizard Healthcare

The company reported that it will hold a board meeting on September 16 and the meeting will discuss the proposal for raising capital through equity shares, convertible securities, or other eligible instruments.

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Pidilite Industries

The company confirmed its association with Dhaval Buch, Agora Advisory stating that it used Dhaval Buch's services in FY20 and there have never been any SEBI inquiries or proceedings involving the company.

IndiGo

The airlines reported that it was able to lower the penalty of Rs 1.2 crore due to regulatory breaches imposed by the Bureau of Civil Aviation Security (BCAS). After the appeal by the company, BCAS has reduced the penalty to Rs 70 lakhs as of August 12.

PC Jeweller

PC Jeweller reported that on September 6 it recieved a return of Rs 67.54 crore from the Income Tax Department which was credited to its account.

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