Top Stocks to Watch On September 24: Punjab National Bank, BGR Energy Systems, Reliance Power, Linde India, AstraZeneca Pharma, Pondy Oxides, NTPC

Top Stocks to Watch On September 24

Top Stocks to Watch On September 24: On Tuesday, September 24 Indian benchmark indices BSE Sensex and NSE Nifty are expected to start the day strong because of gains on Wall Street.

On September 24, there are several stocks that you should watch today, some of them are Punjab National Bank, BGR Energy Systems, Reliance Power, Linde India, AstraZeneca Pharma, Pondy Oxides, and NTPC.

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

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Punjab National Bank

On Monday, the second-largest public bank said in a statement that it had launched qualified institutions placement (QIP) of its equity shares to raise funds for growth. The company has kept the floor price for the new fresh issue of equity shares at ₹109.16.

BGR Energy Systems

The company said that the Chennai Metropolitan Water Supply and Sewage Board (CMWSSB) gave them a notice for the closure of the contract for the design, build, and operate (DBO) project for a 45 MLD capacity tertiary treatment reverse osmosis (TTRO) plant in Kodungaiyur.

Reliance Power

The company reported that it plans to issue preferential equity shares and raise funds up to Rs 1,525 crore. The company wants to use the funds to improve its balance sheet and grow its renewable energy sector.

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Linde India

The industrial gases company reported that the Supreme Court didn’t approve Linde’s plea against a valuation that Sebi ordered linked to transactions with related parties. The company is concerned with release of the information that could affect the price.

AstraZeneca Pharma

The Central Drugs Standard Control Organisation (CDSCO) has given its approval to import and sell durvalumab (Imfinzi) for additional use in India.

Pondy Oxides

India's largest secondary lead manufacturer reported that it has received approval to raise ₹250 crores through qualified institutional placement (QIP).

NTPC

NTPC's renewable energy division is all set to launch its IPO in the first week of November this year. The company decides to execute roadshows in various locations in Mumbai, London, the US, Singapore, and other regions, to attract investors.

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