Stocks to watch: RIL, Asian Paints, PVR, SBI, Axis Bank, Dixon, Onward Tech
The continued sell-off of FII, fears of a quicker withdrawal of stimulus in the United States and pressure from the monthly expiration could weigh on market sentiment on Thursday. In the meantime, here are the top stocks to focus on in trading today.
Trusted industries: The company’s board of directors has decided to implement a Scheme of Arrangement (Scheme) to transfer the gasification business to a wholly owned subsidiary (WOS). The Plan will be executed as a going concern on the basis of a discount sale for a lump sum consideration equal to the book value on the date fixed.
Asian paintings: The Dani family, one of the promoters of India’s largest painting company, Asian Paints, has come under fire from proxy consulting firm InGovern after the latter reported several related party transactions between Asian Paints and Paladin Paints & Chemicals, a private company owned by the Danis. .
“A lack of detailed disclosure and the intention to get such a high percentage of companies, including Paladin – which are owned by the promoters of Asian Paints – is strange,” said InGovern. READ MORE
RVP: The big film show expects a full recovery in the March quarter with a slew of big-priced Bollywood films set to release as moviegoers venture further out of their homes. PVR is currently experimenting with games and has received a good response. Here’s what Gautam Dutta, CEO of PVR has to say. READ MORE
AU Small Finance Bank: Informed the stock exchanges that CRISIL Ratings has revised its rating outlook on the term deposit program and long-term debt instruments from “Positive” to “Stable”.
FRS: Management reported a strong second half for the current year for each of its key segments of chemicals, packaging films and technical textiles. Most brokerage firms also remain positive about its earnings path. READ MORE
Dixon Technologies: Taiwanese computer hardware company Acer hired national electronics manufacturing services company Dixon Technologies to manufacture laptops up to 5 lakh in India for the former company. READ MORE
Ashok Leyland: In order to strengthen its presence in green mobility, Ashok Leyland should offer products in the compressed natural gas (CNG) and liquefied natural gas (LNG) segments. To provide a boost in this direction, the company has dedicated its existing test facility in Hosur to alternative fuel and aims to have a full portfolio of utility vehicles in this space over the next 2-3 years. READ MORE
Tanla platforms: Tanla Platforms Limited, one of the world’s leading cloud communications companies, informed exchanges that it has been recognized in Gartner’s “2021 Competitive Landscape for Communications Platform as a Service” (CPaaS).
Emami group actions: Emami Group actions may focus on reports that Manipal Hospitals is at an advanced stage in talks to acquire AMRI hospitals from Emami Group. According to sources, the value of the deal is probably around Rs 1,100 crore. READ MORE
Siemens: The company announced a 1.4% drop in its September quarter net profit for the quarter ended September 2021 to Rs 323 crore from Rs 327.60 crore in the corresponding quarter a year ago. Total income, however, rose 13.4% to Rs 4,061.30 crore from Rs 3,580.40 crore.
Airline stocks: Civil Aviation Secretary Rajiv Bansal said on Wednesday that international passenger flights should be regularized by the end of the year. The move comes just after India reopened its borders to foreign tourists from November 15 under pressure from travel agencies, foreign governments and members of the Indian diaspora. READ MORE
SBI, Axis Bank, Canara Bank: The three commercial banks are expected to raise around Rs 7,500 crore through additional Tier I (AT I) bonds by the end of December 2021. The country’s largest lender, SBI, plans to raise an additional Rs 4,000 crore , Axis Bank Rs. 2,000 crore and Canara Bank Rs 1,500 crore. READ MORE
Advanced technologies: The board of directors of the company has approved the acquisition of 100 percent of the stock and preferred stock of NV Pune Technology Park Private Limited.
Investments in tubes: The company acquired a 25 percent stake in Aerostrovilos Energy Private Limited.
James Warren tea: The company has scheduled a meeting of its board of directors on November 29 to consider a share buyback proposal.
Results today: Alpha Hi-Tech Fuel, Kovai Medical Center, Padmanabh Alloys & Polymers and Wanbury.
F&O prohibited stocks: Escorts and Indiabulls Housing Finance are the only two titles banned from M&O today.