Last Updated: December 18, 2023, 08:55 IST
Stocks To Watch on December 18: GIFT Nifty on the NSE IX traded 66.5 factors, or 0.31 per cent, decrease at 21,485, signaling that Dalal Street was headed for unfavorable begin on Monday. Here’s a slew of shares that shall be in focus as we speak for varied causes.
Sun Pharma, Lupin: The two pharma majors are recalling merchandise within the US market over manufacturing points, as per the US Food and Drug Administration (USFDA). Sun Pharma is recalling 96,192 bottles of Liothyronine Sodium Tablets, whereas Lupin can also be recalling an unspecified variety of penicillamine tablets within the US.
SBI: The largest lender in India has slowed unsecured retail loans as it should concentrate on ‘healthy’ development, even when total mortgage development is predicted to keep sturdy at 15 per cent in FY24, amid regular demand from corporates, chairman Dinesh Khara mentioned.
Bata India: As per its new technique, the footwear firm has inked a licence settlement Nine West underneath which Bata will manufacture in India and promote its footwear and equipment (purses). Further, can also be pushing its Floatz product line to seize a share of the moulded footwear market however at a lower cost than Crocs and Birkenstock.
NTPC: Plans to add 800 megawatt (Mw) capability to its Sipat Super Thermal Power Station in Chhattisgarh’s Bilaspur district.
Care Ratings: Has obtained a warning from Sebi on sure discrepancies noticed throughout an inspection held between December 2021 and April 2023. The firm has to corrective steps, rectify discrepancies and submit the motion taken report (ATR) inside 30 days.
PCBL: Board has accepted to enhance the borrowing limits of the corporate to Rs 6,000 crore.
PB Fintech:Japanese multinational funding agency Softbank Group offered additional stake in PB Fintech by way of the open market on Friday, taking house Rs 914 crore.
ZEE: Zee Entertainment has despatched a letter to Sony Group Corporation requesting an extension of the cutoff to full the merger.
KFin Technologies: Global personal fairness agency General Atlantic offered almost 10% stake in KFin Technologies by way of the open market on Friday for Rs 851 crore.
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