Last Updated: November 30, 2023, 08:39 IST
Stocks To Watch on November 30
Stocks to watch: Shares of firms like Tata Tech, Gandhar Oil, Airtel, UltraTech, Zomato, ZEE, and others will be in focus on Thursday’s trade.
Stocks to Watch on November 30: GIFT Nifty on the NSE IX traded 33 points, or 0.16 per cent, higher at 20,142, signaling that Dalal Street was headed for positive start on Thursday. Here’s a slew of stocks that will be in focus today for various reasons.
Tata Technologies: Going by the Grey Market Premium (GMP), this Tata Group stock is all set to debut on the bourses on a stellar note, with an expected gain of over 70 per cent. The company had issued shares at Rs 500 each after its IPO received an overwhelming response with a record number of applications.
Gandhar Oil Refinery, Fedbank Financial Services: These two stocks will also debut on the bourses Thursday. The former too seems likely to list at a healthy premium of around 35 per cent, while the latter may see muted introduction, suggests GMP.
Bharti Airtel: Sunil Mittal owned and the holding company of Airtel, Bharti Telecom plans to raise up to Rs 8,000 crore in its biggest-ever rupee bonds issue.
UltraTech Cement: Acquired the cement grinding assets of Burnpur Cement in Jharkhand for Rs 169.79 crore.
IDBI Bank: The government on Wednesday issued a fresh RFP for the appointment of asset valuer for strategic sale-bound IDBI Bank. The last date for submitting bids by asset valuer is January 5.
Metro Brands, Nykaa: US-based Foot Locker has entered into a a long-term licensing agreement with Metro Brands and FSN E-Commerce Ventures, the parent company of Nykaa Fashion, for marketing the former’s products in India.
Bank of Baroda (BoB): Aims to raise upto Rs 5,000 crore through the first tranche of Infrastructure Bonds maturing in 10-years on Thursday. The bonds have been rated ‘AAA’ with a ‘Stable’ outlook by CRISIL and India Ratings.
Zomato: China’s Alipay has sold its entire stake in the food delivery company Zomato for about Rs 3336 crore through block deals on Wednesday.
ICICI Securities: ICICI Bank has received “no objection” letters from the BSE and the National Stock Exchange for delisting shares of ICICI Securities.
Thomas Cook: Thomas Cook Ltd on Wednesday said that its promoter Fairbridge Capital (Mauritius) Ltd has proposed to sell upto 8.5% stake in the company through an offer for sale.
ZEE: Zee Entertainment said the report on merger collapse with Sony as factually incorrect.
Disclaimer:Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
