Stocks to watch: PNB, Tube Investments, Indian Oil, Laurus Labs, SBI, Lupin | Popgen Tech


After scaling fresh record highs in the previous session, the Sensex and Nifty indices are looking to open flat on Friday amid a lack of decisive global triggers.

At 07:30 am, SGX Nifty futures were almost flat at 18,630 levels, indicating a flat opening for the Nifty index.

American markets were closed on Thursday night for Thanksgiving. In Asia this morning, most indexes edged lower in early trade with Nikkei, Hang Seng, Strai times down as much as 0.4 percent.

That said, here are some stocks to watch out for in trading today:

PNB/ UTI AMC: Punjab National Bank (PNB) on Thursday said it has received government approval to divest its entire stake (15.22 percent) in UTI Asset Management Company as part of its plan to sell ‘ its non-core asset to strengthen its capital base. Read here

SBI: State Bank of India (SBI), the country’s largest lender, plans to raise Rs 10,000 crore of infrastructure bonds during the current financial year. Read more

HDFC Bank: The private sector lender has decided to elevate Kaizad Bharucha as deputy managing director and appoint Bhavesh Zaveri to the board as full-time executive director. Read more

Tube Investments of India: The Murugappa Group company has acquired a 50 percent stake in X2Fuels and Energy, an early-stage start-up incubated at the National Center for Combustion Research and Development (NCCRD) at IIT Madras. Read here

Indian Oil Corporation: ICICI Bank, ICICI Prudential Life Insurance, HDFC Life Insurance and SBI Life Insurance have entered into agreements to invest in seed capital of a proposed joint venture of Indian Oil Corporation and Chennai Petroleum Corporation. The project is expected to see an investment of Rs 31,580 crore.

TVS Motor: The company expanded its global footprint and launched its first showroom in Singapore.

Tata Steel Long: The company further acquired 46.87 million shares at a premium of Rs 54 per share of Neelachal Ispat Nigam for Rs 300 crore (tranche 2).

PVR: PVR opened 12 screen superlex in Thiruvananthapuram, Kerala.

Allcargo Logistics: The company’s wholly owned subsidiary Allcargo Belgium NV has entered into a share purchase agreement with NBG Logistik Beteiligungs und Beratungsges mbH to acquire 75 percent of the shares in Fair Trade GmbH Schiffahrt, Handel und Logistik for €12 million (Rs 101.95 crore)

Laurus Labs: The company will acquire 7.4 lakh shares of Ethan Energy India at Rs 52.70 each to secure 26 percent stake.

Lupine: The US FDA has issued Form-483 with eight observations each for the drug product facility and API facility of the company’s Mandideep-1 unit.

West Coast Paper Mills: ICRA has revised the long-term rating to AA from AA-.

Veranda Learning Solutions: The company is collaborating with IIM Raipur and SHRM (Society for Human Resource Management) to launch an Executive Post-Graduate Program (Online MBA) in HR Management.

Future Consumer: The board of the firm decided to withdraw the merger between Integrated Food Park Limited and the company.

KIOCL: The board informed that operations of the pellet plant unit at Mangalore have been resumed with effect from November 24, 2022.


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