Top Stocks to Watch On September 4: GSK Pharma, Cipla, SpiceJet, KIMS, PDS, NHPC, ZEEL, Hitachi Energy

Top Stocks to Watch On September 4

Top Stocks to Watch On September 4: The Indian Stock market will begin the day low, BSE Sensex was down by 0.64% and was trading at 82,024 while the Nifty 50 was down by 0.67% and was trading at 25,110.

On September 4, Wednesday, there are several stocks that you should watch today, some of them are GSK Pharma, Cipla, SpiceJet, KIMS, PDS, NHPC, ZEEL, and Hitachi Energy.

Let's get into a more detailed view of these stocks:

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GSK Pharma

GSK Pharma reported that it got a ITR of Rs 222.23 crore for the assessment year 2022-23. "This is to inform you that the company has received an Income Tax Order from the Income Tax Department under Section 143(3) for Assessment Year 2022-23, issuing income tax refund of Rs 222.23 cr (including interest)," it stated.

Cipla

The leading pharmaceutical company reported that MK Hamied will resign as Vice Chairman of Cipla on October 29 because of age and health problems.

Kamil Hamied will become a Non-Executive Director on the company's board to ensure that leadership goes on.

SpiceJet

DIAL told SpiceJet to pay its dues quickly, but SpiceJet said that it paid its dues on time. The DGCA has kept the airline company under its surveillance due to financial and legal issues.

KIMS

KIMS declared that its 5-for-1 stock split will take place on Friday, September 13. Shareholders who own shares of the company will be able to split them and the new shares will be equal in every way.

PDS

The company reported that it has begun its normal operations again at its factories in Bangladesh and its other factories in the area have also resumed their operations.

The company is still optimistic about its business chances in Bangladesh.

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NHPC

The public sector hydropower company reported that it has renewed a memorandum of understanding (MoU) with the Department of Water Resources (WRD), Government of Maharashtra, to build pumped storage projects (PSPs) in the state.

ZEEL

Zee Entertainment Enterprises Ltd reported that it has got approval from the Ministry of Corporate Affairs, Office of the Registrar of Companies (ROC) in Mumbai to hold its 42nd Annual General Meeting (AGM) for the fiscal year that ended on March 31, 2024, for the second time.

Hitachi Energy

The company reported that it has received a tax demand of Rs 46.29 crore after an audit by the Assistant Commissioner of Commercial Taxes (Audit). The tax demand includes Rs 24.41 crore in GST while Rs 19.43 crore in interest, and Rs 2.44 crore in penalties.

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