These stocks are likely to be in focus on September 27
At market close on Monday, the core equity indices continued their losing streak for the fourth session owing to weak global cues.
The Sensex ended at 57,145.22, down by 953.70 points or 1.64% and the Nifty 50 closed at 17,016.30, lower by 311.05 points or 1.80%. The shares of HCL Technologies, Asian Paints, Infosys, Ultratech Cement, TCS, and Nestle India were some of the top gainers on the Sensex today.
On the BSE, 111 stocks have made their 52-week high whereas 95 stocks reached their 52-week lows today. Out of the 3,707 stocks traded, on the BSE today, 611 stocks have advanced, 2,980 shares have declined whereas 116 stocks remained unchanged.
These stocks are likely to be in focus for Tuesday's trading ssseion -
Bharat Petroleum Corporation Limited: As part of measures to diversify its sourcing requirements, the state-owned oil marketing corporation claimed it had struck an agreement with Brazil's Petrobras for the purchase of crude oil from the Latin American country. A significant portion of the crude oil that Transactions NSE -2.26% imports are refined into fuel at its three oil refineries. Shares of the company ended lower by 2.23% on the BSE today.
PVR Limited: PVR Cinemas, has announced the opening of its first Premium Extra Large P [XL] format in Pune. This format will provide audiences in the city with a mysterious cinematic experience as well as specialised hospitality. This is shown in the Grand Highstreet Mall's brand-new six-screen multiplex in Hinjewadi, Pune. With this launch, PVR Cinemas expanded its footprint in Pune to include 37 screens across six locations, solidified its position in Maharashtra to include 143 screens across 30 buildings, and expanded its presence in the West to include 239 screens across 52 properties. The shares of the company ended3.45% lower, on the BSE.
Coal India Limited: On September 27, Coal India will sign three significant agreements with BHEL, Indian Oil Corporation, and GAIL India to establish four surface coal gasification projects around the nation. According to official sources, these agreements will make it easier to put up coal-to-chemical projects that use surface coal gasification. Coal is transformed into syngas through the surface coal gasification process, which can then be processed to produce value-added chemicals later on. Alternatively, these are made using imported natural gas or crude oil. This method would result in the production of di-methyl ether, synthetic natural gas, and ammonium nitrate as end products. The shares of the company, ended 3.19% higher, at Rs 215.70 on the BSE today.
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