Home Entertainment Stocks in Focus: Shemaroo Entertainment, L&T, ONGC and Others – Equitypandit

Stocks in Focus: Shemaroo Entertainment, L&T, ONGC and Others – Equitypandit

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Stocks in Focus: Shemaroo Entertainment, L&T, ONGC and Others – Equitypandit

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The GIFTY Nifty futures had been buying and selling within the inexperienced throughout the early hours earlier than the opening of the markets on Friday. Domestic Indices are anticipated to open on the same flat-to-positive vary amid dismal international cues.

The benchmark fairness indices, NSE Nifty 50 and S&P BSE Sensex prolonged their successful streak for the fifth day after recovering from losses within the early buying and selling hours. The Sensex ended the risky session at 66,265.56 factors, gaining practically 385 factors or 0.58%, whereas the Nifty added 0.59% or 116 factors to shut at 19,727.05. 

Here are some shares more likely to stay in concentrate on September 8.

Landmark Cars: The auto retail firm has inked a Letter of Intent (LoI) with Mahindra and Mahindra (M&M) for opening a dealership in Howrah, West Bengal, in one in all its wholly owned subsidiaries, Landmark Mobility Private Limited. This enterprise will embody the gross sales and after-sales providers of Mahindra’s Personal, Pickup and Supro vary of automobiles in Howrah, Hooghly, Kolkata, North 24 Parganas and South 24 Parganas.

Larsen and Toubro (L&T): The engineering firm will probably get orders price practically $3.9 billion in separate contracts from Saudi Aramco as a part of the latter’s $10 billion growth at its Jafurah unconventional fuel manufacturing undertaking in Saudi Arabia. 

Mazagon Dock Shipbuilders (MDL): MDL has signed a non-financial Master Ship Repair Agreement (MSRA) with the US Government, represented by NAVSUP Fleet Logistics Center (FLC) Yokosuka. The settlement is predicted to open up voyage repairs of US Navy Ships at MDL. 

ONGC: The Ministry of Petroleum-owned firm will infuse Rs 15,000 crore in ONGC Petro-additions Ltd (OPaL) as a part of a monetary restructuring train. ONGC presently holds a 49.36% stake in OPaL, GAIL (India) Ltd has 49.21% possession, and Gujarat State Petrochemical Corp (GSPC) has the remaining 1.43%. The deal will see GAIL being edged out of the petrochemical agency. 

Tejas Networks: Tejas Networks has acquired the mobilisation advance of Rs. 750 crore from Tata Consultancy Services (TCS) for the Rs 7,492 crore (excluding GST) Master Contract in the direction of assist and annual upkeep providers of Radio Access Network tools for BSNL’s Pan-India 4G/5G community. 

Shemaroo Entertainment: The Central Goods and Services Tax (CGST) and Central Excise Department detained three of the corporate’s prime executives, CEO Hiran Gada, joint managing director Atul Maru and chief monetary officer (CFO) Amit Haria, in reference to the case of fraudulently claiming Input Tax Credit (ITC) of Rs 70.25 crore. The CGST and Central Excise Department searched Shemaroo’s premises on September 05, 2023. 


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