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Nifty futures on the Singapore Stock Exchange were down 77.5 points, or 0.42 percent at 18,417, indicating that Dalal Street is off to a negative start on Wednesday.
Stocks to Watch
Bikaji Foods International: The company is set to debut on the stock market today. According to GMP (Grey Market Premium), the company could witness a listing gain of 8 – 10 percent. The company’s IPO received a reasonable response and was subscribed 26.67 times, mainly due to strong demand from QIBs (Registered Institutional Buyers ).
Global Health (Medanta): Hospitals related shares were in demand on Tuesday, but it looks like it may not have enough of a knock-on effect on this debutant. According to GMP (Grey Market Premium), the stock can register a flat in a positive margin. The company’s IPO was subscribed 9.58 times.
Paytm: The stock market may be in focus this week as a one-year lock-up period for the company’s stock ends, freeing up investors to sell shares that have not yet been admitted to the market. The largest shareholders of One97 Communications Ltd., Paytm’s parent company, are Alibaba Group Holding and its fintech partner Ant Group, as well as Japan’s SoftBank Group.
Tata Motors: The Tata Group Jaguar Land Rover is collaborating to improve semiconductor requirements, as it looks to improve sales volume in the second half of the current financial year. The automaker noted that despite strong demand and a record order book, sales continued to decline in Q2 due to global chip shortages.
Tata Consumer Products: The owners of Tata Consumer Products, Tata Coffee and TCPL Beverages have approved the plan of merger between the three companies, the vote was held on November 12. to existing shareholders.
HDFC: The mortgage lender will raise up to Rs 5,500 crore by issuing bonds on a private placement basis to boost its resources on Wednesday. The secured non-convertible debentures (NCD) issue will have a base size of Rs 4,000 crore with an option to oversubscribe up to Rs 1,500 crore.
NDTV: According to sources, the promoters of NDTV – Radhika Roy and Prannoy Roy – may not file a legal challenge against Adani Group’s open offer for additional shares in the company. On Tuesday, shares of NDTV closed at Rs 384.10, after rising around 5-percent.
SBI: India’s largest PSU bank has increased its marginal cost of funds lending rate (MCLR) by 15 basis points across tenors, making most consumer loans more expensive for borrowers. The revised rates are effective from November 15, 2022.
FSN E-Commerce Ventures: Segantii India Mauritius offloaded 33,73,243 shares of its parent Nykaa for Rs 67.2 crore at an average price of Rs 199.24 through open market exchange, according to bulk exchange data available with NSE. Hermes Investment Funds Public Ltd Company acquired 25,82,921 shares of the company.
Statement:Disclaimer: The opinions and investment tips of the experts in this report are those of News18.com and not those of the website or its management. Users are advised to check with certified professionals before taking any investment decision.
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