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Stocks to watch: Shares of firms like Nestle, Airtel, Indian Hotels, BoB, Vedanta, Paytm, and others will be in focus on Thursday’s trade
Stocks To Watch
Stocks To Watch On November 21: Amid mixed global cues, GIFT Nifty futures rose by 72 points to 23,607 at around 6:48 AM. While US markets closed mixed on Wednesday, Asian markets are currently trading lower.
Nestle: The FMCG giant plans to boost its advertising and marketing efforts, cut costs by at least $2.8 billion by 2027, and spin off its water and premium drinks segments into a standalone global unit under new leadership to drive growth.
Bharti Airtel: In its first major sourcing agreement since August 2022 for 5G deployment, the telecom leader has awarded Nokia a multiyear, multibillion-dollar extension deal for 4G and 5G equipment across key Indian cities and states.
Cipla: Cipla’s US subsidiary is recalling 1,875 boxes of Lanthanum Carbonate chewable tablets (1,000 mg, 10-count bottle) from the US market, according to a recent report by the US Food and Drug Administration (USFDA).
Dr. Reddy’s Laboratories: The US FDA has issued a Form 483 with seven observations following an inspection of the company’s API manufacturing facility in Bollaram, Hyderabad.
Adani Energy Solutions: The company has signed an agreement with PFC Consulting Ltd to acquire Pune-III Transmission Ltd. The agreement includes the development of 2×1500 MVA and 3×500 MVA substations and a new 816 km transmission line.
Godrej Industries: The company has raised Rs 1,000 crore in two tranches via unsecured redeemable non-convertible debentures (NCDs) in the domestic debt capital market.
Indian Hotels Company: The Tata Group’s hospitality arm aims to double its consolidated revenue to Rs 15,000 crore and expand its hotel portfolio to over 700 by 2030.
Bank of Baroda: Warehousing and collateral management firm Sohan Lal Commodity Management (SLCM) has partnered with Bank of Baroda to offer collateral management services for agricultural financing.
UPL: UPL has invested $350 million in its hybrid seeds subsidiary, Advanta Enterprises Ltd, through private equity firm Alpha Wave Global. This includes a $250 million secondary stake sale and a $100 million primary equity infusion.
Tata Technologies: The Chief Minister of Tripura, Manik Saha, signed a Memorandum of Agreement (MoA) with Tata Technologies to upgrade 19 Industrial Training Institutes (ITIs) in the state. Tata Technologies will cover 86% of the Rs 683.27 crore upgrade cost, with the state government contributing the remaining 14%.
Vedanta: Vedanta Aluminium, a subsidiary of Vedanta, has entered into an agreement with GAIL (India) for the supply of natural gas to its smelter in Jharsuguda, Odisha.
JSW Steel: The company has been declared the preferred bidder for the Codli Mineral Block XII at Dharbandora in Goa, according to a communication from the Directorate of Mines & Geology, Government of Goa.
Tata Power: Tata Power has formed a partnership with Bhutan’s Druk Green Power Corporation Ltd (DGPC) to develop 5,000 MW of clean energy capacity in Bhutan.
One 97 Communications (Paytm): Paytm’s parent company has launched UPI International, enabling Indian travelers to make UPI transactions at select global locations. This feature allows users to make cashless payments using the Paytm app in the UAE, France, Mauritius, Singapore, Bhutan, and Nepal.
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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