Stocks to watch: Shares of firms like SBI, SpiceJet, Coal India, IRCTC, Airtel, Adani Ent, and others will be in focus on Tuesday’s trade.
Stocks To Watch On November 21: GIFT Nifty on the NSE IX traded 4 points, or 0.02 per cent, lower at 19,803, signaling that Dalal Street was headed for muted start on Tuesday. Here’s a slew of stocks that will be in focus today for various reasons.
State Bank of India: The government on Monday appointed Vinay M. Tonse as the Managing Director of the lender until November 30, 2025.
The MD post in SBI is prestigious because of the sheer size and scale of the nation’s largest lender. Each of its MDs handles business and operations that dwarf most banks in India.
SpiceJet: The Delhi High Court has asked the airline operator’s Chairman and Managing Director Ajay Singh to be present before it on January 10 to ascertain how he will make payments as per the arbitration award that former promoter Kalanithi Maran and his KAL Airways won in 2018.
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Coal India: The company’s stock will trade ex-date on Tuesday for the interim dividend of Rs 15.25 a share announced earlier this month.
Bharti Airtel: The company is exploring a fundraising of $1 billion, including from offshore bonds, to pre-pay a bulk of its dues related to spectrum bought in 2015, reported The Economic Times.
ABB India: ABB and Titagarh Rail Systems have formed a partnership to supply propulsion systems for metro rolling stock projects in India. Under the agreement, Titagarh will purchase ABB propulsion systems including traction converters, auxiliary converters, traction motors, and TCMS software.
IRCTC: The Railway Ministry has permitted IRCTC to go for long-term tenders of 7 years (5+2 years) for catering on trains, subject to satisfactory performance on completion of the initial 5-year term and through clustering of trains.
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Concor and IGL: The company has partnered with Indraprastha Gas to set up LNG/LCNG infrastructure within its terminals. Initially, the facilities will be installed at the Dadri (Gautam Budh Nagar) terminal of Concor.
Adani Enterprises: Its subsidiary Mumbai Travel Retail has incorporated MTRPL Macau for bidding on the tender of duty-free liquor and tobacco shops at Macau International Airport.
Tata Power: Tata Power Renewable Energy said it has crossed the milestone of 1.4 GW of group captive projects in its portfolio in the past seven months. With the addition of these, its overall renewables capacity hit 7,961 MW as of October.
Tech Mahindra: Tech Mahindra Americas has signed a collaboration deal with Neom Tech to provide digital services. It will incorporate a new subsidiary to provide product and platform development services to Neom group companies.
Vascon Engineer: The company has bagged a letter of intent for a project worth Rs 356.78 crore from Pimpri-Chinchwad Municipal Corporation.
ICICI Lombard General Insurance: The company appointed Sanjeev Mantri as the MD and CEO for a period of five years effective Dec 1, 2023.
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