Last Updated: November 29, 2023, 09:10 IST
Stocks To Watch on November 29: GIFT Nifty on the NSE IX traded 24 factors, or 0.12 per cent, increased at 20,151.5, signaling that Dalal Street was headed for optimistic begin on Wednesday. Here’s a slew of shares that will probably be in focus at the moment for numerous causes.
Indian Renewable Energy Development Agency (IREDA): Grey Market Premium (GMP) a probable 30 per cent itemizing acquire for the inventory because it makes its debut at the moment. The miniratna Rs 2,150 crore IPO had acquired a robust response from traders.
Tata Power: Tata Power’s renewable power arm will get a letter of award for improvement for a 200 MW agency and dispatchable renewable power undertaking with SJVN.
Wipro: Wipro launches a steady compliance resolution constructed on Amazon Security Lake in collaboration with Amazon Web Services.
Zomato: Alipay Singapore Holding plans to promote its whole 3.44 per cent stake within the firm on Wednesday by block offers at a flooring value of Rs 111.28 per share.
Siemens: Net revenue for the quarter ended September 2023, declined 12.4 per cent yr-o-yr (YoY) to Rs 571 crore on a consolidated degree. Revenue from operations, nonetheless, grew 25.3 per cent YoY to Rs 5,721 crore.
IT: India’s info expertise (IT) spending is anticipated to attain $124.6 billion in 2024, reflecting a ten.7 per cent enhance from 2023, in accordance to the newest forecast by Gartner. This follows a interval of flat development (minus 0.5 per cent) in 2023.
Jubilant Foodworks: The firm’s Netherland-based arm has accomplished acquisition of extra stake in DP Eurasia N.V for a consideration of GBP 3.3 million, thereby growing its stake from 48.84 per cent to 51.50 per cent.
Canara Bank: Plans to switch its bank card enterprise and different digital product portfolio to its unlisted subsidiary, Canbank Computer Services (CCSL). Canara Bank holds 69.14 per cent stake in CCSL, whereas the remaining is held by Bank of Baroda and DBS India. The financial institution plans to purchase out the shares of the opposite two stakeholders in CCSL.
Indian Oil Corporation (IOC): The PSU main has cornered greater than a 3rd of pure gasoline that Reliance Industries and its accomplice bp provided within the newest public sale of the KG-D6 gasoline, sources mentioned.
PCBL: The firm’s board has accredited the acquisition of Pune-based specialty chemical substances firm, Aquapharm Chemicals for a consideration of Rs 3,800 crore.
Havells India: Announced the launch of its shopper sturdy model ‘Lloyd’ within the Middle East market.
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