Stocks to watch: Shares of firms like RVNL, JSW Steel, ONGC, HPCL, NMDC, Lupin, IRCTC, BEL, and others will be in focus on Friday’s trade.
Stocks To Watch On November 24: GIFT Nifty on the NSE IX traded 19 points, or 0.10 per cent, lower at 19,859, signaling that Dalal Street was headed for muted start on Friday. Here’s a slew of stocks that will be in focus today for various reasons.
RVNL: Exchanges BSE and NSE cumulatively imposed a fine of more than Rs 10 lakhs on Rail Vikas Nigam Ltd for not having the required number of independent directors on board as of September end.
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JSW Steel: JSW Steel has completed making the entire investment of Rs 750 crore in JSW Paints and has been intimated by JSW Paints that it has completed the allotment in respect to strategic investment.
ONGC, HPCL: As per Reuters, the govt plans to ask ONGC to consider launching a rights issue to help fund green projects at refining arm Hindustan Petroleum Corp, an exercise that could raise about $1.9 billion. TCS: The stock will turn ex-buyback today. It had approved a buyback of shares worth Rs 17,000 crore at a price of Rs 4,150 each.
Power Finance Corporation: The state-owned company said it will raise up to Rs 3,500 crore through a bond issue.
NMDC: The company has fixed the iron ore price at 5,400 per tonne and fines price at 4,660 per tonne with effect from Nov 23.
Lupin: It has announced the launch of Vilfuro-G, the world’s first fixed-dose triple combination drug (FDC) for the treatment of chronic obstructive pulmonary disease (COPD) in India.
LTIMindtree: It has launched a quantum-safe virtual private network (VPN) link in London in partnership with Quantum Xchange and Fortinet on the platform. This is aimed at securing data transmission for the quantum computing era.
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L&T Finance: The NBFC signed a financing agreement with the Asian Development Bank (ADB) on 23 November for $125 million to support financing in rural and peri-urban areas, particularly for women borrowers.
Siemens: The company received a GST demand and penalty notice worth Rs 23.7 crore from Belapur’s CGST and Central Excise Commissionerate.
BEL: It has been fined Rs 1.82 lakh each by NSE & BSE for having insufficient number of independent directors.
IRCTC: It has been fined Rs 5.4 lakh each by NSE & BSE for not having required number of independent directors in the September quarter.
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