Stocks to watch: Shares of firms like Tata Motors, Cipla, Religare, ONGC, Cochin Shipyard, and others will be in focus on Monday’s trade
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Stocks to Watch on December 2: Markets gained nearly 1% last week, marking the second consecutive week of advances despite mixed signals. Today, shares of Greaves Cotton, Biocon, Tata Motors, Hyundai, and Cipla, among others, will be in focus due to various news developments.
Eicher Motors: Eicher Motors will be in the spotlight as Royal Enfield reported a total of 82,257 units sold in November.
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Tata Motors: Tata Motors posted a slight increase in total sales to 74,753 units, with domestic sales amounting to 73,246 units in November.
Hyundai Motor India: Hyundai’s total sales declined by 7% to 61,252 units, with domestic sales at 48,246 units in November.
Maruti Suzuki: Maruti Suzuki recorded total sales of 181,000 units in November, with domestic sales at 153,000 units.
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Cipla: Cipla’s stock may be in focus today as the company’s promoters plan to sell up to 1.72% of their stake in the company through block deals.
Religare Enterprises: Religare Enterprises has received warning letters from stock exchanges for delaying the disclosure of the RBI’s refusal to approve the appointment of Rakesh Asthana as additional director. The company disclosed the RBI’s decision only after stock exchanges intervened in late October, despite receiving the letter from the central bank in May.
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ONGC: ONGC Videsh (OVL), the overseas arm of Oil and Natural Gas Corporation (ONGC), has completed the $60 million acquisition of Norwegian firm Equinor’s stake in an oilfield and an associated pipeline in Azerbaijan. The acquisition includes a 0.615% stake in the offshore Azeri Chirag Gunashli (ACG) oilfield and a 0.737% share in the Baku-Tbilisi-Ceyhan (BTC) pipeline.
Power Mech Projects: Power Mech Projects announced that it has won an order worth Rs 510 crore (excluding GST) from Adani Power. The order involves mechanical construction work for the 2×800 MW Raipur Phase-II Ultra Supercritical Thermal Power Project in Chhattisgarh.
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Cochin Shipyard: The Ministry of Defence has signed a contract with Cochin Shipyard for the Short Refit and Dry Docking (SRDD) of INS Vikramaditya at a cost of Rs 1,207.5 crore.
KEC International: KEC International secured multiple orders worth Rs 1,040 crore in its Transmission and Distribution (T&D) business in international markets. These include supplying towers, hardware, and poles for projects in the Americas and 220 kV transmission lines in the Commonwealth of Independent States (CIS).
Biocon: Biocon Biologics announced that the U.S. FDA has approved YESINTEK (Ustekinumab-kfce), a biosimilar to Stelara (Ustekinumab), for the treatment of Crohn’s disease, Ulcerative Colitis, Plaque Psoriasis, and Psoriatic Arthritis.
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