Stocks to Watch Today: Tata Motors, Paytm, ICICI Bank, ONGC, Dalmia Bharat, and Others
Stocks to Watch Today: Tata Motors, Paytm, ICICI Bank, ONGC, Dalmia Bharat, and Others
Stocks to watch today: Shares of firms like Tata Motors, Paytm, ICICI Bank, ONGC, Dalmia Bharat, and others will be in focus in Tuesday's trade

Nifty futures on the Singapore Exchange traded 25.5 points, or 0.14 per cent higher at 18,623.5, signaling that Dalal Street was headed for a positive start on Tuesday.

Stocks to Watch Today

Tata Motors: The homegrown auto major said it would explore the possibility of partial divestment of its holding in subsidiary Tata Technologies Ltd through an initial public offering route. Tata Motors said the IPO Committee of the company has accorded its in-principle approval for such a step.

HCL Technologies: Snack company Mondelez International has expanded its multi-year contract with the IT company to enhance cybersecurity and transform digital workplace services globally.

ICICI Bank: The private sector lender raised Rs 5,000 crore through bonds to fund business growth. While there are no special rights or privileges attached to the bonds, they are redeemable at the end of seven years. The bonds carry a coupon of 7.63 per cent payable annually and would be listed in the relevant segment of the NSE.

Dalmia Bharat: The company acquired cement assets of Jaypee Group’s flagship company Jaiprakash Associates and its associate firms for Rs 5,666 crore. The management said that the acquisition would help Dalmia Bharat expand its footprint in the central region and emerge as a pan-India company with a capacity of 75 million tons by FY27.

ONGC: The company plans to drill 53 exploratory wells in Andhra Pradesh – 50 in Godavari on-Land PML (Petroleum Mining Lease) Block of KG Basin during 2021-’28 and three in CD-ONHP-2020/1 (OALP-Vi) Block Of Cuddapah basin with an investment outlay of Rs 2,150 crore.

Paytm: The company said that their loan disbursals reached an annualized run rate of around Rs 39,000 crore in November this year. Last month, the company had reported loan disbursals at an annualized run rate of around Rs 37,000 crore. The board will also meet on Tuesday, December 13, to mull share buyback proposal.

Bank of Maharashtra: According to reports, the state-owned bank is likely to issue up to Rs 1,000 crore worth of additional tier-1 (AT-1) bonds in the coming days. The bonds, which are likely to have a call option after 5 years from allotment, have been rated AA by Acuite Rating and Infomerics Ratings.

Steel stocks: Tata Steel, JSW Steel, JSPL, and SAIL are likely to be in focus in Tuesday’s trade after they qualify under the PLI scheme of specialty steel. That apart, Gallant Metaliks, Shyam Metalics, Sunflag Iron and Steel, are few others who were selected to invest under the PLI scheme.

Route Mobile: The company’s wholly-owned step-down subsidiary, 365squared signed an exclusive agreement with Uganda Telecommunications Corporation to provide artificial intelligence or machine learning based A2P SMS firewall solutions. The management asserted that the firewall solutions would minimize revenue leakages, eliminate grey routes for Uganda Telecom.

Maruti Suzuki: As part of its decarbonisation journey, the automaker showcased Wagon R flex fuel prototype model in New Delhi, which would run on any ethanol-petrol blend. The company has also developed engine management system strategies and emission control system, in order to comply with the BS6 Phase-II emission norms.

KEC International: The company secured new orders worth Rs 1,349 crore across various businesses. It has bagged orders for T&D projects in India, SAARC, Middle East and USA. That apart, it has secured order to build a data centre in the hydrocarbon segment in India as well as for various types of cables in India and overseas.

BGR Energy: The company bagged orders from Indian Oil Corporation to construct civil and structural works in the Panipat Refinery Project Complex for Rs 330 crore, with the contract completion period of 18 months.

Read all the Latest Business News here

What's your reaction?

Comments

https://tupko.com/assets/images/user-avatar-s.jpg

0 comment

Write the first comment for this!