Stocks to watch: Shares of companies like Dabur, Ultratech, NTPC Green, Vedanta, TCS, Wipro, Zee and others will focus on Wednesday’s trade.
Stocks to watch on November 27: Domestic markets traded in a narrow range and ended flat on Tuesday, pausing after a recent rebound. Today, stocks 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 a 21 million tonne annual crude import deal with Iraq for 2025, according to a senior company executive.
Ultratech Cement: The board of Ultratech Cement has issued non-convertible debentures (NCDs) of Rs. 1,000 crore has been allowed to be raised.
Dabur: Dabur announced that the GST authorities have levied a tax on the company of Rs. 320.60 crore has confirmed the tax demand, but waived the penalty imposed earlier.
Siemens: Siemens reported a 45% rise in consolidated profit for the September 2024 quarter, rising to Rs. 830.7 crore, which was Rs. 571.3 crores.
NTPC Green/NTPC: NTPC Green’s long-awaited IPO will list today, after its offer closes on November 22, 2024. Meanwhile, NTPC Green Energy Limited (NGEL) has signed an MoU with Chhattisgarh State Power Generation Company Limited (CSPGCL) for development till 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 start its mutual fund business.
Vedanta: UK-based Vedanta Resources, the parent of India’s Vedanta, has accepted an $800 million bid for two dollar bonds to refinance debt due in 2028.
Tata Consultancy Services (TCS): TCS is refocusing 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 talks with Mongolian authorities to secure coking coal imports, with JSW Steel aiming to buy 2,500 metric tonnes and SAIL 75,000 metric tonnes.
Wipro: Wipro has announced the extension of its collaboration with Marelli for an additional four years.
Hyundai Motor India: The company has to pay Rs. A show cause notice demanding more than 5 crores has been received.
Infosys: Infosys will pay 90% of performance bonus to eligible employees for Q2FY25.
Reliance Power: Reliance Power has obtained a stay order from the Delhi High Court against the debarment notice issued by the Solar Energy Corporation of India (SECI), which barred 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 Navaratna PSU Railtel Corporation of India. The tribunal rejected Margo Networks’ claim regarding termination of contract for content-on-demand (COD) services.
Nippon Life India AMC: According to IGR documents, Nippon Life India Asset Management at One Lodha Place in Lower Parel, Mumbai, invested Rs. Acquired two premium commercial properties at a combined value of Rs 486.03 crore.
Devyani International: Costa Coffee CEO Sreejit Madhavan Nair has resigned effective January 8, 2025. Kamaljit Singh Bedi will take over as CEO for Costa Coffee and Airport Business.
Mahindra & Mahindra: M&M launched its latest electric SUVs, XEV 9e and BE 6e, at the Mahindra Research Valley in Chengalpattu near Chennai.
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