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The top 10 stocks that will be the subject of attention today are listed below:
State Bank of India (SBI): The country’s largest lender, State Bank of India (SBI), on Thursday announced that it will consider generating cash by selling Rs 10,000 crore worth of infrastructure loans. A green belt option worth Rs 5,000 crore will also be included, the bank said in a regulatory filing. If approved, the fundraising will take place in 2023 through a public or private placement, according to SBI. On November 29, the executive committee of the central board will meet and discuss fundraising.
Biocon: The world’s largest biotechnology company, Biocon, on Thursday announced that its subsidiary, Biocon Biologics, has acquired equity shares worth Rs 2,205.63 crore as part of an equity injection to finance the acquisition of Viatris Inc’s biologics business. In February this year, Biocon Biologics Ltd (BBL) signed an agreement to acquire the biosimilars division of Viatris Inc. buy for USD 3.335 billion (approx. Rs. 24,990 million). On November 23, BBL was charged Rs 2,205.63 crore.
Punjab National Bank (PNB): To strengthen its asset base, Punjab National Bank (PNB) on Thursday said it has secured government approval to sell all its holdings in UTI Asset Management Company Limited. The bank, which owns a 15.22% stake in UTI AMC, will sell all its stake in the mutual fund business in one or a series of deals to make a profit. Now with 1,329 million Rs.
NDTV: About 28 lakh shares of NDTV were subscribed on the third day of the open offer led by Vishvapradhan Commercial, AMG Media Networks, and Adani Enterprises. This represents more than 16.5% of the total number of shares to be purchased. The open bidding for 492.81 crores started on November 22 and will continue until December 5, 2022. According to BSE data, 27,72,159 equity shares were subscribed for NDTV’s open offer which was 16.54 per cent of book 1 size. 67,62,530 equity shares.
Laurus Labs: According to a report, Lauras Labs and Ethan Energy India have signed a Share Subscription Agreement and Shareholders Agreement to acquire a 26% stake in Ethan Energy India. According to the article, this will enable the business to use all the solar energy generated by Ethan Energy India’s 10 MW solar power plant.
ZIM Laboratories: On Wednesday, drug delivery solutions provider ZIM Laboratories Ltd announced its intention to list on the National Stock Exchange of India (NSE) on 25 November. ZIM Laboratories, which has been listed on the BSE since June 2018, has announced that it will also list on the NSE. The company reported that since this point, it has given its investors a return of more than 85% of the listing price.
PTC India: PTC India, a power trading solutions provider, more than tripled its consolidated net profit to Rs 157.11 crore in the March 2022 quarter, primarily due to lower costs. According to a BSE filing, the company’s consolidated net profit for the three months ending March 31, 2021 was Rs 49.77 crore. Its total expenses fell to $2,890.57 million in the quarter from $3,792.56 million a year ago.
PVR: To increase its market share, PVR Cinemas on Thursday announced the opening of its first and largest 12-screen superplex in Kerala’s capital city Thiruvananthapuram at Lulu Mall. This cinema will open for business on December 5, 2022. The 12-screen facility will feature 2 of the luxury PVR formats, including 4DX and IMAX, both of which are world-class formats.
Manaksia Ltd.: The firm announced a 150 percent interim payout for fiscal year 2022-2023, and for that reason the record date is Nov. 25, 2022, which could see the stock in the news tomorrow. In a filing with the stock exchange, the firm stated that its board of directors has declared “Interim Declaration @ 150% (ie, Rs. 3.00/- per shares having a face value of Rs. 2/- each) on Equity Shares. Corporation for the Financial Year 2022-2023.” The Interim Dividend must be paid on or before Friday, December 9, 2022.
Commercial Syn Bags, Dev Information Technology, Mafatlal Industries, and Maharashtra Seamless: Syn Bags, Mafatlal Industries, Dev Information Technology, and Maharashtra These four stocks will be the focus of attention on November 25, as that is the day they become ex-dividend and pre-bonus. These stocks are multi-winders and have delivered impressive returns of 100% to 450% in the past two years. Three are mid-cap stocks, and one is small-cap.
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