Stocks to Watch on November 30: GIFT Nifty on the NSE IX traded 33 points, or 0.16 per cent, higher at 20,142, signaling that Dalal Street was headed for positive start on Thursday. Here’s a slew of stocks that will be in focus today for various reasons.
Tata Technologies: Going by the Grey Market Premium (GMP), this Tata Group stock is all set to debut on the bourses on a stellar note, with an expected gain of over 70 per cent. The company had issued shares at Rs 500 each after its IPO received an overwhelming response with a record number of applications.
Gandhar Oil Refinery, Fedbank Financial Services: These two stocks will also debut on the bourses Thursday. The former too seems likely to list at a healthy premium of around 35 per cent, while the latter may see muted introduction, suggests GMP.
Bharti Airtel: Sunil Mittal owned and the holding company of Airtel, Bharti Telecom plans to raise up to Rs 8,000 crore in its biggest-ever rupee bonds issue.
UltraTech Cement: Acquired the cement grinding assets of Burnpur Cement in Jharkhand for Rs 169.79 crore.
IDBI Bank: The government on Wednesday issued a fresh RFP for the appointment of asset valuer for strategic sale-bound IDBI Bank. The last date for submitting bids by asset valuer is January 5.
Metro Brands, Nykaa: US-based Foot Locker has entered into a a long-term licensing agreement with Metro Brands and FSN E-Commerce Ventures, the parent company of Nykaa Fashion, for marketing the former’s products in India.
Bank of Baroda (BoB): Aims to raise upto Rs 5,000 crore through the first tranche of Infrastructure Bonds maturing in 10-years on Thursday. The bonds have been rated ‘AAA’ with a ‘Stable’ outlook by CRISIL and India Ratings.
Zomato: China’s Alipay has sold its entire stake in the food delivery company Zomato for about Rs 3336 crore through block deals on Wednesday.
ICICI Securities: ICICI Bank has received “no objection” letters from the BSE and the National Stock Exchange for delisting shares of ICICI Securities.
Thomas Cook: Thomas Cook Ltd on Wednesday said that its promoter Fairbridge Capital (Mauritius) Ltd has proposed to sell upto 8.5% stake in the company through an offer for sale.
ZEE: Zee Entertainment said the report on merger collapse with Sony as factually incorrect.
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