Stocks to Watch Today: Paytm, Reliance, NDTV, ICICI Bank, Yes Bank
Stocks to Watch Today: The key benchmark indices are likely to start Monday’s trade on a quiet note and hope for some stability following last week’s high volatility. Global interest rate decisions, rupee movement and crude prices are the key macro factors to watch out. As of 06:40 AM, the SGX Nifty futures quoted at 16,518, as against the spot Nifty close of 16,539 on Friday.
Meanwhile, following stocks are likely to see some action in trades on Monday.
Shapoorji Pallonji Group: Shares of Shapoorji Pallonji group are likely to be in focus following the tragic death of Cyrus Mistry in a car accident. READ MORE
Tamilnad Mercantile Bank: The bank’s IPO will open for subscription today in the price band of Rs 520 – 525. The bank aims to raise up to Rs 825 crore from its maiden share sale. Meanwhile, the bank on Sunday said veteran banker Krishnan Sankarasubramaniam has taken over as its managing director and Chief Executive Officer with immediate effect. READ MORE
Paytm: Digital financial services major – Paytm on Sunday denied any link with the merchants that are under the Enforcement Directorate scanner in the Chinese loan app case. READ MORE
Mahindra Lifespace: The realty firm is targeting a 2.5-fold jump in its annual sales bookings to Rs 2,500 crore in the next three years on better housing demand, says MD and CEO Arvind Subramanian. The company had achieved sales of Rs 1,028 crore in FY22.
Reliance Industries (RIL): The Mukesh Ambani-led firm is leading the race to acquire Lanco Amarkantak Power (Lanco), a coal-based power project, with an offer of Rs 1,960 crore cash upfront. READ MORE
NDTV: Adani Group has clarified on the tentative open offer for a 26 per cent stake that would open on October 27, is subject to Sebi approval.
Meanwhile, co-chairpersons Radhika Roy and Prannoy Roy in the annual report stated that the company recorded its highest-ever consolidated profit at the group level in over a decade for FY22. And added, business in the current financial year would depend on how inflation and the economic environment played out. READ MORE
ICICI Bank: The private sector lender plans to raise up to Rs 10,000 crore through infrastructure bonds for project financing and affordable housing. Rating agency ICRA has assigned “AAA” rating to the proposed infrastructure bond offering by the lender. READ MORE
TCS: The IT major has put a stop to its anniversary hikes for lateral hires, who complete a year at the company with effect from April 1, 2022. Instead, the company will now follow the industry norm of annual salary hike. According to sources in the know, the anniversary salary hike will be given to freshers as usual.
YES Bank: The private sector lender has raised the interest rate on non-resident external (NRE) fixed deposits by 50-75 basis points (bps) and has also increased the rate on foreign currency non-resident (FCNR) deposits. This comes after the Reserve Bank of India (RBI) eased certain norms to aid incremental foreign flows.
Stocks in F&O ban: Delta Corp is the only stock in F&O ban period on Monday.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Comments are closed.