Stocks to Watch

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Stocks to Watch on November 28, 2024: Key Announcements to Impact Share Prices

At 08:05 AM on November 28, 2024, GIFT Nifty futures were trading marginally higher at 24,469, up by 10.50 points, suggesting a subdued start for the market. Here are some key stocks that will be in focus during today’s trading session:

1. Godrej Properties

Godrej Properties, a leading Mumbai-based real estate developer, plans to raise ₹4,000 crore through a Qualified Institutional Placement (QIP). The company aims to sell up to 5.5% of its equity, approximately 1.54 crore shares, at an indicative price of ₹2,595 per share, according to CNBC.

2. Bank of India

Bank of India has announced a private placement of ₹5,000 crore by issuing long-term infrastructure bonds. The issue was oversubscribed by 6.85 times, with total bids amounting to ₹13,700 crore. The bank will accept ₹5,000 crore worth of bids at an annual coupon rate of 7.41%. The bond issue will comprise 5 lakh bonds, each with a face value of ₹1 lakh.

3. NBCC

NBCC has signed a memorandum of understanding (MoU) with Housing & Urban Development Corporation Ltd (HUDCO) to develop a 10-acre institutional plot in Noida Sector 62. The project management consultancy (PMC) assignment has an estimated cost of ₹600 crore.

4. Waaree Renewable

Waaree Renewable has secured a “term sheet” for executing the engineering, procurement, and construction (EPC) of a 2,012.47 MWp DC ground-mount solar PV project. The estimated value of the order is ₹12,33.5 crore, excluding taxes.

5. Ashoka Buildcon

Ashok Buildcon recently informed the market of the cancellation of a key road project bid and the award of a new significant order. The NHAI cancelled the bid for the Kharagpur-Chandrakona-Ghatal road project (Package-1) in West Bengal, as Ashoka Buildcon was the sole bidder. The company also received a new order in the infrastructure sector.

6. Sonata Software

Sonata Software has secured a multi-million-dollar deal to modernize and standardize business processes across the Asia-Pacific region for a global leader in access solutions. The deal spans 13 countries and is expected to drive significant growth.

7. Natco Pharma

Natco Pharma has completed the sale of approximately 14.38 acres (72,358 square yards) of land in Ranga Reddy district, Telangana, for ₹115.57 crore, including infrastructure costs. The land and building sold were not part of the company’s operational assets, and the sale will not affect its business operations.

8. Vedanta

Vedanta Resources Ltd’s corporate family rating (CFR) has been upgraded by Moody’s to B2 from B3, reflecting increased confidence in the company’s ability to meet its debt obligations.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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Stocks to Watch Today – November 29, 2024: Reliance Industries, Sun Pharma, SAIL, and More

As of 07:57 AM on November 29, 2024, GIFT Nifty futures were trading flat at 24,141.50, down by 7.50 points, suggesting a subdued market opening. Before the trading session begins, here are some notable stocks to keep an eye on.

Reliance Industries

Reliance Industries has completed the acquisition of a 21% stake in Wavetech Helium, Inc. (WHI) through its subsidiary, Reliance Finance and Investments USA LLC (RFIUL), for $12 million. The deal, finalized on November 27, 2024, aligns with Reliance’s strategy to expand its exploration and production business with a focus on low-carbon solutions.

Sun Pharma

Sun Pharma announced that the Ministry of Corporate Affairs has imposed penalties on certain past and present directors and officials, including Chairman and Managing Director (CMD) Dilip Shanghvi, for failing to disclose or obtain board and shareholder approval for certain related-party transactions.

PC Jeweller

PC Jeweller has announced the record date for its upcoming share split, set for December 16, 2024. The company will split each equity share with a face value of ₹10 into 10 equity shares with a face value of ₹1.

SAIL

SAIL has partnered with John Cockerill Group’s Indian subsidiary to incorporate green technologies in its iron and steelmaking processes, enhancing sustainability.

HDFC Life

HDFC Life has dismissed media reports speculating about changes to bancassurance regulations by the Insurance Regulatory and Development Authority of India (IRDAI), calling them “rumours and speculation.”

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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Stocks To Watch Today on December 2, 2024: HUL, SBI, Bajaj Auto, M&M Can be in Focus

The Indian benchmark indices Sensex and Nifty 50 are likely to open positively amid mixed global performance. Check out a few stocks that might be in focus during the trading session.

  • Hindustan Unilever (HUL)

Hindustan Unilever Limited (HUL) stated in its investor presentation that 10 of its brands are well-positioned in the premiumisation segment. The company identified six long-term growth opportunities: premium skincare products for the face, hair, body washes, homecare liquids, condiments, mini meals, and categories like prestige and well-being, which provide high double-digit growth potential.

  • SBI

State Bank of India (SBI) has unveiled a nationwide campaign to increase awareness of the importance of activating inoperative accounts. Accounts with no customer transactions for over 2 years are categorised as inoperative.

  • Bajaj Auto

KTM, the Austrian bike manufacturer, clarified that the judicial restructuring of its parent firm, Pierer Mobility AG, will not impact its business collaborations with Bajaj Auto. This includes the co-developed products for India’s domestic market and selected export markets.

  • Raymond

Raymond Realty, the real estate division of Raymond, plans to go public during the second quarter of FY 2026. Harmohan Sahni, the CEO of Raymond Realty, confirmed these plans.

  • Mahindra & Mahindra (M&M)

M&M announced plans to use its existing sales network to market its range of electric vehicles. The company plans to offer customers with all vehicle options under one roof.

  • Biocon

Biocon Biologics Ltd (BBL), a subsidiary of Biocon, got approval from the US FDA for YESINTEK (Ustekinumab-kfce), a biosimilar to Stelara (Ustekinumab).

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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Stocks To Watch Today on December 3, 2024: Cipla, Tata Motors, Swiggy, Coal India, Pricol and More Can be in Focus

On December 3, 2024, the Indian benchmark indices Sensex and Nifty 50 are expected to start flat amid mixed global market performance. Check out a few stocks that might be in focus during the trading session.

  • Cipla

Through open market transactions, Cipla promoters Samina Hamied and Rumana Hamied sold their 1.72% stake for ₹2,111 crore. Buyers included the Singapore Government, Abu Dhabi Investment Authority, Societe Generale, BofA Securities, BNP Paribas, Morgan Stanley, Citigroup, Norges Bank, UBS, Copthall Mauritius and Goldman Sachs.

  • Tata Motors

Tata Motors and Tata International unveiled a registered vehicle scrapping facility (RVSF) in Pune called ‘Re.Wi.Re—Recycle with Respect.’ The unit can dismantle up to 21,000 end-of-life vehicles annually, covering both commercial and passenger vehicles across all brands.

  • Adani Ports and Special Economic Zone (APSEZ)

CareEdge has upgraded Gopalpur Ports Limited’s (GPL) credit rating by six notches, from “BBB” (RWP) to “AA/Stable,” following its acquisition by APSEZ in March 2024.

  • Axis Bank

Axis Bank is awaiting RBI clarifications regarding the future of its subsidiary, Axis Finance, following a regulatory proposal to limit bank groups to one entity per specific business activity.

  • Pricol

Pricol is set to acquire Sundaram Auto Components’ injection moulding business for ₹215 crore through its subsidiary, Pricol Precision Products Pvt Ltd.

  • Swiggy

Swiggy has expanded its 10-minute food delivery service, Bolt, to more than 400 cities and towns across the country.

  • Coal India

Coal India coal production grew 2.4% to 471 million tonnes (MT) during April-November FY 2024 compared to 460 MT in the same period last year. In November alone, production rose by 1.7% to 67.2 MT.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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Stocks To Watch Today on December 4, 2024: Swiggy, HUL, DLF, IndiGo, Vedanta and More Might be in Focus

On Wednesday, December 4, 2024, the Indian benchmark indices Sensex and Nifty 50 are expected to start on a tepid note amid mixed global market performance. Check out a few stocks that might be in focus during the trading session.

  • Swiggy

Swiggy reported a drop in its consolidated net loss for Q2 FY25 to ₹625.5 crore, compared to ₹657 crore in the same period last year. However, the loss increased sequentially from ₹611 crore in Q1 FY25.

  • InterGlobe Aviation (IndiGo)

IndiGo has filed a case in the Delhi High Court against Mahindra Electric Automobile, alleging trademark infringement over Mahindra’s upcoming electric car model, the Mahindra BE 6e.

  • DLF

DLF has announced the appointment of Badal Bagri as its new Chief Financial Officer (CFO), effective December 6, 2024.

  • Hindustan Unilever (HUL)

Hindustan Unilever’s popular Vim brand, a leader in the dishwashing segment, is projected to achieve sales of more than ₹3,000 crore soon.

  • Vedanta

CRISIL Ratings Ltd has upgraded Vedanta’s rating on its long-term bank facilities and debt instruments. The improvement is attributed to a better capital structure, enhanced financial flexibility, and strong volume growth.

  • Godrej Properties

Godrej Properties has successfully raised ₹6,000 crore through a QIP, marking the largest fund-raising event by an Indian real estate company.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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Stocks to Watch Today on December 5, 2024: Indus Towers, L&T, Hero MotoCorp, and More in Focus

The GIFT Nifty futures dropped 37 points to ₹24,525 around 7:15 AM. In the last session, the Sensex gained 110.58 points (0.14%) to close at 80,956.33, while the Nifty50 rose by 10.30 points (0.04%) to end at 24,467.45. Here are the stocks to watch today:

  • Indus Towers

Vodafone plans to sell a 3% stake in Indus Towers to repay ₹856 crore in debt and clear dues for Vodafone Idea. The deal, worth ₹2,841 crore, is based on Indus Towers’ closing price of ₹358.75 on Wednesday.

  • Larsen & Toubro (L&T)

L&T has finalised its acquisition of a 15% stake in E2E Networks Limited via preferential allotment. An additional 6% stake is set for acquisition from the promoter by May 30, 2025.

  • Indraprastha Gas (IGL)

IGL’s board is scheduled to meet on December 10, 2024, to discuss a potential bonus issue.

  • Hero MotoCorp

Hero MotoCorp launched Vida V2 Pro, Vida V2 Plus, and Vida V2 Lite e-scooters, priced from ₹96,000, intensifying competition in the affordable EV segment.

  • Torrent Pharma

Torrent Pharma will acquire diabetes brands Cospiaq, Cospiaq Met, and Xilingio from Boehringer Ingelheim by March 2025 after co-marketing them since 2022.

  • Kotak Mahindra Bank

Kotak Mahindra AMC, a subsidiary of Kotak Mahindra, is launching a private credit fund next month with a target to raise ₹1,500–2,000 crore.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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Stocks To Watch Today on December 6, 2024: Vi, Canara Bank, ITC, Ola Electric and More Can be in Focus

On December 6, 2024, the Indian benchmark indices Sensex and Nifty 50 are likely to open cautiously ahead of the announcement of the RBI policy. Check out a few stocks that might be in focus during the trading session.

  • Vodafone Idea (Vi)

On December 9, the board of Vi will review a proposal to raise ₹2,000 crore via a preferential issue to entities belonging to promoter Vodafone Group.

  • Coromandel International

Coromandel International has entered into a strategic master research agreement with the International Fertilizer Development Center (IFDC) to promote innovation and sustainability in fertiliser development.

  • Canara Bank

The RBI has approved Canara Bank’s plan to divest stakes in its mutual fund and insurance subsidiaries through IPOs. The bank had received board approval for the stake sale in March 2024.

  • Hyundai Motor India

Hyundai has announced a price hike of up to ₹25,000 across all models, effective January 1, citing increased input costs, adverse exchange rates, and higher logistics expenses.

  • Ola Electric

The Central Consumer Protection Authority (CCPA) has requested additional documentation and details from Ola Electric about the October show-cause notice concerning 10,644 consumer complaints.

  • Garden Reach Shipbuilders & Engineers

Garden Reach Shipbuilders & Engineers has signed a contract for building and delivering the second ship in a series of four additional 7,500 DWT multi-purpose vessels for a German client. This follows its September order for four such vessels.

  • ITC

ITC is scaling up its Farmer Producer Organisation (FPO) network and plans to connect one crore farmers over the next 4–5 years. The company also plans to increase its sourcing of fruits and vegetables via this platform, according to the CEO of ITC’s Agri Business Division S. Ganesh Kumar.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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Stocks To Watch Today on December 9, 2024: Ceat, ITC, SBI, Paytm and More Can be in Focus

On Monday, December 9, 2024, the Indian benchmark indices Sensex and Nifty 50 are likely to open lower followed by the global market cues. Check out a few stocks that might be in focus during the trading session.

  • CEAT

CEAT has entered into a definitive agreement with Michelin to acquire the Camso brand’s off-highway tyres (OHT) and track business for $225 million.

  • ITC

ITC Agri Business Division is promoting the cultivation of medicinal and aromatic plants, with an aim to strengthen its presence in the rapidly growing health and wellness product markets across food, personal care, and other categories.

  • SBI Card

SBI Card has reached the milestone of 20 million active credit cards, a significant achievement since launching its credit card business in 1998.

  • One97 Communications (Paytm)

The parent company of Paytm’s Singapore entity plans to sell its stake in the Japanese fintech firm PayPay to SoftBank Vision Fund 2 for ₹2,364 crore.

  • State Bank of India (SBI)

SBI plans to sell bad loans worth ₹2,732.5 crore related to ARSS Infrastructure Projects Ltd through a Swiss challenge auction, inviting expressions of interest from entities willing to submit counter bids on a full-cash basis.

  • Aadhar Housing Finance

Aadhar Housing Finance projects its AUM to exceed ₹25,000 crore by the end of the current financial year.

  • Godrej Consumer Products

Godrej Consumer Products expects “flattish” volume growth and mid-single-digit sales growth in the domestic market for the December quarter, due to higher soap prices and unseasonal rainfall impacting the home insecticides (HI) segment.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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Stocks To Watch Today on December 10, 2024: Vodafone Idea, JSW Steel, Tata Motors, BEL and More Can be in Focus

On December 10, 2024, the Indian benchmark indices Sensex and Nifty 50 are likely to open cautiously followed by mixed global market performance. Check out a few stocks that might be in focus during the trading session.

  • Power Finance Corporation (PFC)

PFC raised ₹6,252 crore through bond issuances with different maturities. This included ₹3,200 crore via 15-year bonds at a 7.11% coupon and ₹3,052 crore via 10-year bonds at a 7.10% coupon.

  • JSW Steel

JSW Steel reported consolidated crude steel production of 23.23 lakh tonnes for November, a 5% increase YoY. Production at Indian operations grew 7% YoY, with capacity utilisation reaching 94% for the month.

  • Vodafone Idea (Vi)

Vodafone Idea board has approved a fundraising plan worth ₹1,980 crore through a preferential issue to promoter group entities, Omega Telecom Holdings and Usha Martin Telematics. These entities will get shares worth ₹1,280 crore and ₹700 crore, respectively. The issuance involves 1.75 billion equity shares at ₹11.28 per share, with a face value of ₹10 each.

  • Tata Motors

Tata Motors has announced a 3% price hike across all vehicle segments, reflecting adjustments for rising input costs and market conditions.

  • C.E. Info Systems (MapmyIndia)

C.E. Info Systems, the parent company of MapmyIndia, cancelled its plans to invest in a new mapping services firm set up by its outgoing CEO.

  • Metropolis Healthcare

Metropolis Healthcare board has approved the acquisition of Core Diagnostics, a specialised cancer diagnostics firm, valuing the deal at ₹246.8 crore.

  • Bharat Electronics (BEL)

BEL secured a ₹634 crore worth order to maintain the Akash Missile System, along with other communication equipment, jammers, and electronic voting machines.

  • LIC

Prime Minister Narendra Modi unveiled the “Bima Sakhi Yojana,” an initiative by LIC to enrol 1,00,000 women as Bima Sakhi agents within a year, empowering women financially.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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Stocks To Watch Today on December 11, 2024: Adani Ports, IndiGo, Maruti Suzuki, Asian Paints and More Can be in Focus

On December 11, 2024, the Indian benchmark indices Sensex and Nifty 50 are likely to open mutedly amid mixed global market cues. Check out a few stocks that might be in focus during the trading session.

  • Adani Ports

Adani Ports and SEZ announced that it will fund the Sri Lankan port project using its own resources, foregoing US funding, as per a filing.

  • Reliance Power

Reliance Power announced the establishment of its renewable energy subsidiary, Reliance NU Energies. The company has also appointed Mayank Bansal as CEO and Rakesh Swaroop as COO of the new venture.

  • Maruti Suzuki

Maruti Suzuki remains committed to leveraging multiple technologies, including electric, hybrid, and CNG, to support India’s goal of achieving carbon neutrality by 2070, stated CEO & MD Hisashi Takeuchi on Tuesday.

  • InterGlobe Aviation (IndiGo)

IndiGo will unveil business-class seating on select flights between Delhi and Bengaluru starting January 10, enhancing its premium offerings.

  • LTIMindtree

LTIMindtree announced a partnership with GitHub to accelerate AI-driven software engineering practices.

  • Asian Paints

Life Insurance Corporation of India (LIC) has increased its stake in Asian Paints from 5.001% to 7.010%, raising its holdings from 4.79 crore shares to 6.72 crore shares.

  • HG Infra

HG Infra got a letter of acceptance from the Ministry of Road Transport and Highways for the improvement and upgradation of a two-lane road under Hybrid Annuity Mode in Uttar Pradesh. The project is valued at ₹763.1 crore.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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Stocks To Watch Today on December 12, 2024: Swiggy, Maruti Suzuki, Tata Power, ACME Solar Holdings & More Can be in Focus

On December 12, 2024, the Indian benchmark indices Sensex and Nifty 50 are likely to open mutedly amid mixed global market cues. Check out a few stocks that might be in focus during the trading session.

  • Reliance Power

Reliance Power’s subsidiary, Reliance NU Suntech, got a major solar energy and battery storage project from SECI. This 930 MW project is the largest of its kind in India.

  • Swiggy

Swiggy has unveiled a premium membership program called ‘One BLCK’, offering exclusive benefits like faster deliveries and on-time guarantees.

  • Jubilant FoodWorks and Varun Beverages

Jubilant FoodWorks, the parent company of Domino’s Pizza, is set to increase its competition with Varun Beverages, the bottler for PepsiCo. The company has acquired a 40% stake in Hindustan Coca-Cola Beverages, bringing it into direct competition with the Jaipuria family, which owns Varun Beverages.

  • Maruti Suzuki

Maruti Suzuki is expanding its service network significantly, aiming to add 2,760 new touchpoints by FY 2031. This expansion will increase the total number of service centers to 8,000 across India.

  • Greaves Cotton

Greaves Cotton has approved the offer-for-sale of shares in its subsidiary, Greaves Electric Mobility, ahead of the company’s upcoming IPO.

  • ACME Solar Holdings

ACME Solar Holdings has secured a 250 MW renewable energy project in an e-reverse auction conducted by NHPC.

  • Tata Power

Tata Power’s subsidiary Tata Power Renewable Energy Ltd has partnered with Tivolt Electric Vehicles to expand EV charging infrastructure for commercial vehicles.

  • Gland Pharma

Gland Pharma has secured USFDA approval for its Phytonadione Injectable Emulsion, a significant milestone for the company.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.