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Stocks to watch: Shares of firms like Dabur, UltraTech, NTPC Green, Vedanta, TCS, Wipro, Zee, and others will be in focus on Wednesday’s trade
Stocks To Watch
Stocks to Watch on November 27: Domestic markets traded within a narrow range and ended flat on Tuesday, pausing after the recent rebound. Today, shares of Indian Oil, M&M, Ola Electric, Dabur, UltraTech, Kotak Bank, and others will be in focus due to various developments.
Indian Oil: Indian Oil Corporation, India’s top refiner, has confirmed its annual crude import deal with Iraq at 21 million tonnes for 2025, as per a senior company executive.
UltraTech Cement: The board of UltraTech Cement has approved raising up to Rs 1,000 crore through non-convertible debentures (NCDs).
Dabur: Dabur announced that the GST authorities confirmed a tax demand of Rs 320.60 crore on the company, but have waived the penalty previously imposed.
Siemens: Siemens reported a 45% increase in consolidated profit for the September 2024 quarter, rising to Rs 830.7 crore, up from Rs 571.3 crore in the same period last year,
NTPC Green/NTPC: NTPC Green’s long-awaited IPO will list today, after its offering closed on November 22, 2024. Meanwhile, NTPC Green Energy Limited (NGEL) has signed an MoU with Chhattisgarh State Power Generation Co. Ltd. (CSPGCL) to develop up to 2000 MW of renewable energy projects, including floating solar.
Angel One: Angel One Asset Management Company (AMC) has received approval from the Securities and Exchange Board of India (SEBI) to launch its mutual fund business.
Vedanta: UK-based Vedanta Resources, the parent of India’s Vedanta, has accepted bids worth $800 million for two dollar bonds to refinance debt due in 2028.
Tata Consultancy Services (TCS): TCS is recalibrating its strategy to target high-growth markets, particularly in India and emerging geographies, while navigating global economic uncertainties.
JSW Steel/Steel Authority of India (SAIL): Both companies are in discussions with Mongolian authorities to secure coking coal imports, with JSW Steel planning to purchase 2,500 metric tons and SAIL aiming for 75,000 metric tons.
Wipro: Wipro has announced the extension of its collaboration with Marelli for an additional four years.
Hyundai Motor India: The company has received a show-cause notice from the Maharashtra State Tax Authority demanding over Rs 5 crore, including interest, for alleged excess input tax credit claims.
Infosys: Infosys will pay out 90% of the performance bonuses to eligible employees for Q2FY25.
Reliance Power: Reliance Power has secured a stay order from the Delhi High Court against a debarment notice issued by the Solar Energy Corporation of India (SECI), which had banned the company and its subsidiaries from participating in SECI’s tenders for three years.
Zee Entertainment: Zee Entertainment and its subsidiary Margo Networks have lost their arbitration claims against Navratna PSU RailTel Corporation of India. The tribunal rejected Margo Networks’ claim regarding the termination of a contract for content-on-demand (COD) services.
Nippon Life India AMC: Nippon Life India Asset Management has acquired two premium commercial properties at One Lodha Place in Mumbai’s Lower Parel for a combined value of Rs 486.03 crore, according to IGR documents.
Devyani International: Sreejit Madhavan Nair, CEO of Costa Coffee, has resigned effective January 8, 2025. Kamaljit Singh Bedi will take over as the CEO for Costa Coffee and the airport business.
Mahindra & Mahindra: M&M launched its latest electric SUVs, the XEV 9e and BE 6e, at the Mahindra Research Valley in Chengalpattu, near Chennai.
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.
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