Stocks to watch on November 19: The Indian market continued its downward trend, slipping by almost half a percent. In today’s trade, stocks of Wari Energies, Ashoka Buildcon, Shilpa Medicare, Tilaknagar Industries will be in focus due to various news developments.
Afternoon Energy: Wari Energy reported a 17 per cent rise in consolidated net profit in the July-September quarter from Rs. 320.1 crore in the July-September quarter compared to a profit of Rs. 375.6 crores.
NTPC: State-owned NTPC has paid its shareholders an interim dividend of Rs. 2,424 crore was paid. The company on November 18 for the financial year 2024-25 Rs. 2,424 crore as a first interim dividend, representing 25 per cent of the company’s paid-up equity share capital, NTPC said in a statement.
Spicejet: Sabarmati Aviation and JetAir 17 filed two more bankruptcy petitions against budget carrier SpiceJet in the National Company Law Tribunal (NCLT) on Monday. The NCLT issued a notice to the airline on a petition by operational creditor Sabarmati Aviation while asking another complainant, JetAir 17, to file additional documents in support of its $27 million claim.
Bajaj Finance: Bajaj Finance reported 21 percent growth in its Fixed Deposit (FD) book by September 30, 2024 to Rs. 66,131 crore was recorded.
Adani Green Energy: According to reports, the company plans to raise around $2 billion in the coming months through a mix of international bonds and loans.
in: The company has invested Rs. 95 crore contract was obtained.
Airline Stocks: Domestic air passenger traffic crossed 500,000 in a single day for the first time on Sunday, reflecting strong demand for travel during the festive and wedding season.
Reliance Power and Reliance Infrastructure: Reliance group companies have reshuffled their boards by transferring four senior executives to the board of directors.
Godrej Agrovet: Agribusiness firm Godrej Agrovet has formed a partnership with US-based Provivi to introduce sustainable pheromone-based pest control solutions for rice and maize farmers in India.
GMR Airports: The company in its October update reported a 9.2 percent year-on-year (YoY) increase in passenger handling to over 10.7 million. This includes both domestic and international traffic.
PG Electroplast: The company through its subsidiary, PG Technoplast Pvt. Ltd., has signed a definitive agreement with Spiro Mobility. PRIMARY RESPONSIBILITY PG Technoplast Pvt. Ltd. will establish and operate manufacturing facilities for electric vehicles, lithium-ion batteries and related components and for procurement of parts and raw materials specified by Spiro.
GVK Power: The company is now in the Corporate Insolvency Resolution Process (CIRP) and has released a provisional list of potential resolution applicants (PRAs) as part of its ongoing efforts to seek resolution under the Insolvency and Bankruptcy Code, 2016. The tentative list includes significant. Industry companies opportunities fund including Vedanta Limited, Jindal Power Limited, Shyam Cell & Power Limited, JSW Energy Limited and Zeal Global.
Shilpa Medicare: The company’s subsidiary, Shilpa Pharma Lifesciences Limited, has received a Certificate of Competence (CEP) from the EDQM (European Directorate for the Quality of Medicines and Healthcare) for the API, Octreotide.
Zee Entertainment: Punit Goenka has asked the board of ZEE Entertainment Enterprises Limited (ZEEL) to relieve him as managing director of the company as he wants to focus on operational responsibilities as chief executive officer (CEO), media and entertainment firm. In a statement.
Bharti Airtel: Bharti Global, the parent company of Bharti Airtel, has completed the acquisition of 24.5 per cent of the issued share capital of BT Group plc from Altice UK. In August 2024, Mittal’s conglomerate announced that it would buy a 24.5 percent stake in BT Group for about $4 billion to become the single largest shareholder in Britain’s largest broadband and mobile company.
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