Last Updated:
Stocks to watch: Shares of firms like HUL, Coal India, Vedanta, SBI, Wipro, IndiGo, Zomato, and others will be in focus on Tuesday’s trade
Stocks To Watch
Stocks To Watch On November 26: Domestic markets started the week on a strong note, continuing Friday’s momentum with a gain of nearly 1.5 per cent. Today, several stocks are in focus due to various news developments, including those of HUL, Zomato, Adani Enterprises, Wipro, LT Foods, and Power Grid.
Zomato: The food delivery company has launched its qualified institutional placement (QIP) issue, setting the floor price at Rs 265.91 per share.
Hindustan Unilever (HUL): HUL’s board has approved, in principle, the demerger of its ice cream business into a separate listed entity. Subject to necessary approvals, HUL shareholders will receive shares in the new entity in proportion to their current holdings.
Coal India: Despite transitioning to its own e-auction platform in January, Coal India has issued a tender to invite bids from private service providers for conducting e-auctions of its subsidiaries’ dry fuel over the next two years.
Vedanta: Vedanta Resources, which delayed a planned sale of dollar bonds last week following the indictment of Adani Group officials by US prosecutors, will now proceed with the bond issuance on Monday. The offering could raise up to $500 million and will gauge global demand for Indian high-yield debt following the Adani crisis.
Maruti Suzuki: The company has reached a milestone of exporting 3 million cars from India, primarily to markets in Latin America, Africa, Asia, and the Middle East.
SBI: The State Bank of India (SBI) plans to deploy $1.5 billion in international operations during the remaining four months of the 2024-25 financial year. This includes $500 million from bonds and $1 billion from syndicated loans.
Tata Consumer Products: Sunil D’Souza, MD and CEO of Tata Consumer, views the current food inflation as a temporary issue and expects it to ease within the next two quarters, alongside a recovery in consumer demand.
HDFC Life: The company has reported a data leak incident and is conducting a detailed investigation with information security experts to determine the cause and implement corrective measures.
Wipro: Wipro has appointed Omkar Nisal as the CEO of its Europe strategic market unit, effective immediately. Nisal will also join the Wipro executive board and report directly to CEO and MD Srini Pallia.
IndiGo: Japan Airlines and IndiGo are set to begin their codeshare partnership on December 16, enabling the Japanese airline to access 18 destinations in India.
Edelweiss Financial Services: The company is exploring the sale of a minority stake in its mutual fund division and has engaged an investment banker to begin the process.
Ashoka Buildcon: The company has received a Letter of Award (LoA) for a Hybrid Annuity Mode (HAM) road project in West Bengal from the National Highways Authority of India (NHAI). The project cost is Rs 1,391 crore, excluding GST.
Bharat Heavy Electricals Ltd (BHEL) / Hitachi Energy India: BHEL and Hitachi Energy India have secured an order for the Khavda Nagpur HVDC transmission project from Power Grid Corporation.
Lupin: The company is recalling over 600,000 bottles of a blood pressure medication in the US due to deviations from current good manufacturing practices (CGMP), according to the US health regulator.
Adani Group: GQG Partners, led by Rajiv Jain, has stated that the $265 million bribery scandal in the US will not significantly impact the Adani Group’s businesses. The firm confirmed that its investment thesis in Adani Group companies remains unchanged.
Disclaimer:Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
