Stocks to Watch Today: After consecutive losses in the last two trading sessions, the market will be hoping for a break on Monday on the back of buying support by FII and a continued decline in Crude Oil prices.
At 07:10, SGX Nifty futures were quoted at 18,380 versus the spot Nifty 50 close of 18,269 on Friday.
In the primary market, Kfin Technology‘ An IPO of Rs 1,500 crore opened for subscription today at a price range of Rs 347 to Rs 366. Issuance closed on 21 December.
Meanwhile, the following stocks will likely be in focus in trading on Monday.
Tata Strength: The company has asked Maharashtra’s electricity sector regulator, the Maharashtra Electricity Regulatory Commission (MERC), to relax the ceiling on fuel adjustment fees to recover the cost of purchasing electricity. READ MORE
M&M, Tata Motors: Competition in the EV space is likely to increase, with Ola Electric set to enter the commercial vehicle space with the launch of a three- and four-wheel electric small commercial vehicle (eSCV). Earlier in May, Tatas had launched its electric Ace EV, a four-wheeled eSCV, and it is expected to be delivered soon. READ MORE
Spandana Sphoorty Finance: The company’s board is scheduled to meet on December 21 to consider and approve the fundraising through a private placement based debt issuance.
Specialty Restaurants: The company has scheduled a board meeting for December 21 to consider and approve a fundraising proposal through the issuance of equity shares or other eligible convertible securities.
Paisalo Digital: The company’s board will meet on December 22 to consider and issue Unlisted, Unsecured, Unrated Non-Convertible Notes via a private placement basis.
Steel layout: The steel major on Sunday executed the explosion of two aging coke manufacturing facilities at Jamshedpur Works, paving the way for a new coke oven battery with the latest technology and higher efficiency.
Jindal Steel and Strength: The company plans to spend Rs 7,930 crore under the PLI scheme for special steels to produce high-end alloys in India, said Managing Director Bimlendra Jha.
Adani Company: The Gautam Adani-led group plans to invest up to Rs 10,700 crore for the expansion of Lucknow airport, so that its annual passenger handling capacity increases from 4 million passengers per year (MPPA) to 39 MPPA.
Ashoka Building: Ashoka Concessions & Viva Highways subsidiary has entered into share purchase agreement with National Investment & Infrastructure Fund & Jaora Nayagaon Toll Road to sell 100 per cent share capital of JTCL, from ACL & VHL to NIIF for a value of Rs 691 crore.
Stocks in the F&O ban: Balrampur Chini, BHEL, Delta Corp, GNFC, Indiabulls Housing Finance, IRCTC and PNB are the seven stocks in the F&O ban period on Monday.