Last Updated: December 06, 2023, 08:02 IST
Stocks To Watch on December 6: Nifty futures at GIFT Nifty have been buying and selling 0.12% greater at 21,025 round 7.05 am, indicating a optimistic begin for the inventory markets on Wednesday. Here are the highest shares which are possible to be in focus at the moment:
HDFC Bank: The personal sector lender has sought approval from shareholders for re-appointment of Sashidhar Jagdishan as managing director and chief govt officer of the financial institution and the appointment of V Srinivasa Rangan as govt director of the financial institution
Infosys: Infosys stated it has acquired a communication for assortment of penalty from an abroad authority.
State Bank of India: India’s largest lender, State Bank of India, is buying 20% stake in SBI Pension Funds for Rs 229.5 crore. The stake is held by SBI Capital. With this transaction, the lender’s stake in SBI Pension Funds will hit 80%.
Bharti Airtel: Has acquired an order for penalty of Rs 3.95 lakh beneath the CGST Act. The firm stated it doesn’t agree with the order and will take acceptable motion.
Bank of India: The public sector lender has launched a certified institutional placement (QIP) at flooring value of 105.42 rupees apiece, it stated in a regulatory submitting on Monday. It is reportedly wanting to elevate up to Rs 4,500 crore.
Canara Bank: The public sector will possible difficulty AT-1 bonds in December to elevate up to Rs 2,000 crore to Rs 3,000 crore. The difficulty is probably going to have a name choice at finish of 5 years. Canara Bank final raised Rs 2,000 crore in September 2022 by AT-1 bonds at 7.99% coupon.
Honasa Consumer: Fireside Ventures Investment Fund I has offloaded Rs 230.15 crore value of shares in Honasa Consumer, the dad or mum firm of the sweetness and private care merchandise model Mamaearth. About 60.88 lakh shares have been bought at a median value of Rs 378 apiece.
Ashok Leyland: Has raised its stake in Switch Mobility’s holding firm to 92.19% from 91.63%. It had deployed round Rs 662.5 crore as the primary tranche of a deliberate ₹1,200 crore funding.
Somany Ceramics: Has mounted 15 December because the file date for its Rs 125 crore share buyback at Rs 850 apiece.
Power Grid Corp: Has emerged because the profitable bidder to arrange an inter-state transmission system mission in Gujarat. The mission contains organising a brand new 765/400kV switching station at Vataman in Ahmedabad, three 765kV D/C transmission traces, in addition to extension works at Navsari and Halvad substations.
Eicher Motors: Royal Enfield, a part of Eicher Motors, on Tuesday stated it has ventured into the pre-owned bike phase. Royal Enfield has launched Reown, a brand new firm-operated, pre-owned motorbike enterprise enterprise, that enables present and potential prospects to purchase or promote their Royal Enfield bikes, and alternate their bikes and improve to a brand new bike with ease.
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