Stocks in focus today: HCL Tech, Bhushan Steel, VA Tech Wabag and more

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Updated: September 08, 2015 4:57 PM

VA Tech Wabag stocks will be in focus as Malaysia's national oil and gas company Petronas (Petroliam Nasional Berhad) has awarded the company and its partner Muhibbah Engineering Bhd a contract worth Rs 1,500 crore .

sensex and niftyVA Tech Wabag stocks will be in focus as Malaysia’s national oil and gas company Petronas (Petroliam Nasional Berhad) has awarded the company and its partner Muhibbah Engineering Bhd a contract worth Rs 1,500 crore . (Photo: Reuters)

The Sensex and NSE Nifty opened on a positive note on Thursday tracking global cues. At 9.25 am, Sensex was up 154.53 points at 25,608.09. Similarly, Nifty was up 58.10 points at 7,775.10 during the same time.

Stocks that are likely to be in focus today:

HCL Tech: HCL Technologies has entered into a partnership with Manchester United as part of the football club’s efforts to transform the digital experience of its 659 million global followers.

Bhushan Steel: The steel maker on Wednesday said it will seek shareholders’ nod to raise up to Rs 547.50 crore through private placement of shares to meet fund requirements of the company.

Mahindra Holidays: Mahindra Holidays and Resorts India on Wednesday said that it has hiked its stake to 83.20 per cent in Finland’s Holiday Club Resorts (HCR) through its overseas subsidiary.

VA Tech Wabag Ltd: VA Tech Wabag stocks will be in focus as Malaysia’s national oil and gas company Petronas (Petroliam Nasional Berhad) has awarded the company and its partner Muhibbah Engineering Bhd a contract worth Rs 1,500 crore .

Jet Airways: The Naresh Goyal-promoted Jet Airways on Wednesday said its board has approved merger of the low-cost subsidiary JetLite with the parent airline. The merger is subjected to regulatory and other approvals.

MMTC: The company on Wednesday clarified(after market hours) on reports that it is keen to sell its stake in Indian Commodity Exchange (ICEX). It said that its board has asked the management to explore the possibility of divesting its stake in ICEX and no concrete decision has been taken in this regard so far

NTPC: NTPC turned ex-dividend on Thursday, for final dividend of Rs 1.75 per share for the financial year ended March 2015.

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