Stocks to watch: Shares of companies like Vedanta, Maruti Suzuki, HDFC Bank, HCL Tech, RVNL, Zomato and others will focus on Monday’s trade.
Stocks to watch on November 25, 2024: After a strong rebound on Friday, with local markets up more than 2% following recent declines, several stocks are expected to be in focus today due to various developments:
Vedanta: The Mumbai bench of NCLT directed Vedanta to hold a meeting with its secured and unsecured creditors and shareholders within 90 days to discuss the proposed demerger. Chairman Anil Aggarwal had earlier said that the demerger involving more than 15 commodities would transform the company from an asset manager to an asset owner.
Maruti Suzuki: According to Partho Banerjee, Senior Marketing and Sales Executive, MSIL, in collaboration with gas distribution companies, Maruti Suzuki plans to increase sales of CNG cars in the top 10 markets.
HDFC Bank: A private lender through pass-through certificates (PTCs) of Rs. 12,700 crore in new car loan securitization, which is expected to generate liquidity.
PVR Inox: PVR Inox plans to expand its screen portfolio to 2,000 by 2026, focusing on Tier II and III cities in South India. As of Q3FY25, the company operates 1,747 screens in 356 cinemas across 111 cities in India and Sri Lanka.
HCL Tech: SEBI has exempted HCL Tech chairperson Roshni Nadar from open offer related to her proposed indirect acquisition and voting rights in the company.
RVNL: RVNL has received a Letter of Acceptance (LoA) from Eastern Railway for an infrastructure project which includes earthworks, bridge construction and track laying.
Hero MotoCorp: In partnership with US-based Zero Motorcycles, Hero MotoCorp is in the advanced stages of developing a mid-size performance electric motorcycle, according to a senior executive. The companies announced their collaboration to develop a premium electric bike in 2023.
Reliance Industries (RIL): JP Morgan reports that while one of RIL’s underperformance drivers—weak refining margins—has reversed, another, weaker retail growth is difficult to predict.
Zomato: Zomato will be added to the BSE Sensex from December 23, replacing JSW Steel, following a reorganization by Asia Index Pvt Ltd, a subsidiary of BSE.
Solar Energy Companies: The Indian solar industry faces uncertainty after charges were filed against Adani Group and NYSE-listed Azure Power. The Solar Energy Corporation of India (SECI) 12GW manufacturing-linked solar auction is in the midst of turmoil, and the sector is bracing for a possible backlash.
Zee Entertainment: CEO Punit Goenka, who resigned as managing director last week, has also withdrawn from consideration for reappointment during the upcoming annual general meeting (AGM), an exchange filing said.
Patanjali Foods: Baba Ramdev-led Patanjali Ayurveda reported a 23.15% increase in total revenue for FY24 to Rs. 9,335.32 crore was recorded. Its other income in FY23 was Rs. 46.18 crores to Rs. 2,875.29 crores.
Bank of India: According to reports, the public sector lender this week through a 10-year infrastructure bond of Rs. 5,000 crore plans to raise.
Realty Stocks: In Q3FY24, the 26 largest listed real estate companies in India raised around Rs. 35,000 crore worth of properties were sold. Godrej Properties leads with highest sales bookings.
Signature Global: The company will invest in Delhi-NCR in next three years Rs. Plans to launch multiple housing projects worth Rs 50,000 crore, aimed at meeting strong consumer demand.
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