Stocks to watch: Tata Power, M&M, Tata Motors, Ashoka Buildcon, Spandana | Popgen Tech
Stocks to Watch Today: After back-to-back losses in the last two trading sessions, markets will be hoping for some relief on Monday following buying support from FIIs and a sustained fall in Crude Oil prices. .
At 07:10 AM, the SGX Nifty futures quoted at 18,380 against the Nifty 50 post close of 18,269 on Friday.
In the primary market, Fin TechnologiesThe Rs 1,500 crore IPO opens for subscription today in the price range of Rs 347 to Rs 366. The issue closes on December 21.
Meanwhile, the following stocks are likely to be focused in Monday’s trading.
Tata Power: The company has asked Maharashtra’s power sector regulator, the Maharashtra Electricity Regulatory Commission (MERC), to relax the cap on fuel adjustment charges in order to recover the electricity purchase cost. 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 three- and four-wheeler electric small commercial vehicles (eSCVs). Earlier in May, Tatas had launched the electric Ace EV, a four-wheeler eSCV, and they are expected to give deliveries soon. READ MORE
Spandana Sphoorty Financial: The company’s board is scheduled to meet on December 21 to consider and approve raising funds through the issuance of debentures on a private placement basis.
Specialty restaurants: The company planned to meet its board on December 21 to consider and approve proposals for raising funds through the issuance of equity shares or other eligible convertible securities.
Digital Paisalo: The company’s board will meet on December 22 to consider and issue Unquoted, Unsecured, Unrated and Non-Convertible Bonds through a private placement basis.
Tata Steel: The steel major on Sunday carried out the implosion of two outdated coke plant facilities at Jamshedpur Works, paving the way for new coke oven batteries with the latest technology and efficiency higher.
Jindal Steel and Energy: The company plans to spend Rs 7,930 crore under the PLI scheme for special steel to manufacture high-end alloy in India, its Managing Director Bimlendra Jha said.
Adani Enterprises: 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 rises from 4 million passengers per annum (MPPA) to 39 MPPA.
Ashoka Buildcon: The company’s subsidiaries Ashoka Concessions & Viva Highways have entered into a share purchase agreement with National Investment & Infrastructure Fund & Jaora Nayagaon Toll Road for the sale of 100 per cent share capital of JTCL, from ACL & VHL to NIIF for a consideration 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.