Stock To Watch Out on Friday, 6-Sept

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Stock to watch out on Thursday, 6th September include JSW Steel, Tech Mahindra and L&T Finance Holding, based on their latest company prospects:

JSW Steel Ltd: The Company on Thursday won a bankruptcy court approval for a Rs.19700-Cr takeover of Bhushan Power&Steel Limited, capping a 2-year insolvency proceedings initiated by lenders to recuperate outstanding/unpaid loans.

JSW Steel stock closed at Rs.216.50-per share on Thursday, up by 0.79pc from its previous closing on the NSE.

Tech Mahindra Limited: The IT major announced the expansion of Company’s strategic alliance with AT & T to boost AT & T’s Information Technology network application, shared systems transformation& movement to the cloud platform.

Tech Mahindra’s stock closed at Rs.695.00-per share on Thursday, down by 1.17pc from its previous closing on the NSE.

L&T Finance Holdings Ltd: The Company’s set to mull raising up to Rs.100-Cr by way of non-convertible preference shares on September 11.

L&T Finance Holding’s stock closed at Rs.91.60-per share on Thursday, down by 0.27pc from its previous closing on the NSE.

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