Stocks to Watch Today: KEC’s Big Fundraise, PC Jeweller’s First Stock Split, and Key Updates on NBCC, MCX, NHPC, and More

Here’s a quick look at some stocks making headlines today:

1. KEC International: KEC International is raising ₹4,500 crore through a Qualified Institutional Placement (QIP) of shares, priced at ₹976.64 each. The company might offer a discount of up to 5%. This fundraising follows approvals from the board and shareholders earlier this year.

2. PC Jewellers: PC Jewellers is set to split its shares for the first time, with details to be discussed at a meeting on September 30. Currently, the face value of each share is ₹10.

3. NBCC: The Supreme Court is set to review NBCC’s proposal to complete 17 stalled Supertech Limited projects, impacting 27,000 homebuyers. This could be a game-changer, similar to NBCC’s previous intervention with Amrapali Group projects.

4. MCX: Multi Commodity Exchange (MCX) is revising its transaction fees from October 1, 2024. The new fees will be ₹2.1 per lakh for Futures contracts and ₹41.8 per lakh for Options.

5. NHPC: NHPC plans to raise ₹2,300 crore this year, exceeding its original ₹2,000 crore target. This move supports the government’s monetisation goals, with NHPC leveraging returns from its Dulhasti Power Station in J&K while keeping ownership.

6. HDFC Life Insurance: HDFC Life is holding a board meeting on September 27 to finalize the terms for issuing non-convertible debentures (NCDs), part of a plan to raise up to ₹2,000 crore.

7. Delta Corp: Delta Corp is demerging its hospitality and real estate business into Delta Penland, a new subsidiary. Shareholders will receive one Delta Penland share for each Delta Corp share they own.

8. Easy Trip Planners: Promoter Nishant Pitti is selling up to 8.5% of his stake in Easy Trip Planners through block deals worth ₹622 crore.

9. CarTrade Tech: Warburg Pincus’ Highdell Investment has sold its 8.64% stake in CarTrade Tech for over ₹375 crore. Mirae Asset Mutual Fund has bought a 6.4% stake, shaking up ownership.

10. JSW Group: JSW Group has confirmed it will not move its ₹40,000 crore EV and battery project from Odisha to Maharashtra, reaffirming its commitment to sites in Cuttack and Paradip despite earlier rumors.

These stocks could see action today as investors react to these latest updates.