CG Power, Kaveri Seed, Coffee Day Enterprises Among Key Stocks in Focus Today
CG Power, Kaveri Seed, Coffee Day Enterprises Among Key Stocks in Focus Today
Coffee Day Enterprises Ltd shares fell 2.3% on reports that the Blackstone Group has signed a definitive agreement to buy the company’s tech park for Rs 2,700 crore.

Indian stock markets extended losses on Tuesday, i.e. 17 September. At 11:29 am, the benchmark S&P BSE Sensex was down 237 points, or 0.64%, to 36,886.57, while the Nifty 50 index fell 70 points, or 0.64%, to 10,933.50. CG Power, Kaveri Seed, MMTC, STC, Coffee Day Enterprises and DLF were among the key stocks in news today. Read on to know more:

CG Power: CG Power and Industrial Solutions Ltd shares were locked in an upper circuit of 5% again after private equity firm KKR India picked up nearly 10% stake in the company for over Rs 89 crore.

Kaveri Seed: Kaveri Seed Co. Ltd shares jumped 3% after the company said the board will meet on 24 September to decide on the buyback of shares.

Coffee Day Enterprises: Coffee Day Enterprises Ltd shares fell 2.3% on reports that the Blackstone Group has signed a definitive agreement to buy the company’s tech park for Rs 2,700 crore.

MMTC, STC: MMTC Ltd shares cracked 16.5% while those of State Trading Corporation of India Ltd (STC) plunged 19% after a media report said that the government may shut the two firms along with Project and Equipment Corporation of India (PEC).

Lemon Tree: Lemon Tree Hotels Ltd shares dropped 3.3% after the company signed a license agreement for an 80-room hotel in West Bengal. The hotel is expected to be operational by January 2023.

NBCC: NBCC (India) Ltd shares rose 1.7% after the company signed an MoU with Utkal University, Bhubaneswar, for the construction of various infrastructure buildings in the existing campus as well as at a new campus in Chandikhol, Odisha. The approximate cost of work would be Rs 390 crore.

DLF: DLF Ltd shares rose 1.2% after the company concluded sale of over 9 acres land in Gurugram to American Express (India). The transaction was recorded at over Rs 32 crore an acre.

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