Stocks to watch: Shares of firms like Tata Motors, LIC, Zomato, GMR Airports, Railtel, Bata, and others will be in focus on Friday’s trade.
Stocks to Watch on December 22: GIFT Nifty on the NSE IX traded 77.5 points, or 0.36 per cent, higher at 21,394.5, signaling that Dalal Street was headed for positive start on Friday. Here’s a slew of stocks that will be in focus today for various reasons.
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Adani Green: Gautam Adani and his family plan to inject $1 billion into the conglomerate’s renewable energy unit, reported Bloomberg.
Tata Motors, Tata Motors DVR: The BSE and NSE have approved the cancellation of ‘A’ ordinary shares (DVR) of Tata Motors and allot ordinary shares. Exchanges also approved the scheme of arrangement for this between the company, shareholders and creditors.
Zomato: The company has clarified that it is not looking to acquire logistics aggregator Shiprocket for $2 billion.
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LIC: State-owned LIC said the Finance Ministry has given it a one-time exemption from the 25 per cent public shareholding rule. LIC listed on the bourses on May 17, 2022, meaning it had to meet the 25 per cent MPS rule by 2027. However, it has received an extension of 10 years and would need to meet the criteria by May 2032.
GMR Airports Infrastructure: Its subsidiary GMR Airports has signed an agreement with the National Investment and Infrastructure Fund (NIIF) to invest Rs 675 crore in the upcoming airport at Bhogapuram, Andhra Pradesh.
Railtel Corp: The company has won an order worth Rs 66.8 crore.
Lupin: The company has launched Softovac Liquifibre, a liquid laxative.
MOIL: The company’s has crossed the historic 16 lakh metric tonnes mark by December 20. This was up 26 per cent against the previous high in 2019.
Bata India: The company said Pankaj Gupta will resign as head of retail and franchisee operations and move to a global position in the Bata group from March 1, 2024.
Maruti Suzuki: NCLAT adjourned the CCI matter and listed for next hearing on February 2, 2024.
IndiGo: InterGlobe aviation — the parent company of IndiGo — said on Thursday that it has paid Rs 20 lakh towards revised penalty to the aviation safety regulator DGCA for four tail strikes involving some of its aircraft.
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