Stocks To Watch On December 1: GIFT Nifty on the NSE IX traded 12 points, or 0.06 per cent, lower at 20,326.5, 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.
Flair Writing Industries: The stock will make its debut on the bourses today, and grey market premium suggests a listing gain of up to 25 per cent. The company’s IPO received strong response and was subscribed 49.3 times.
UltraTech Cement, Kesoram Industries: UltraTech has entered into an agreement with Kesoram to acquire its cement business in an all-stock deal.
JSW group: The Sajjan Jindal-led group has marked its foray into the automobile sector by signing a strategic joint venture with SAIC Motor of China. JSW will hold a 35 per cent stake in the joint venture.
Defence stocks: According to reports the government has approved defence acquisition projects worth Rs 2.23 trillion.
Whirlpool: The American parent company plans to sell up to 24 per cent stake in its Indian arm, Whirlpool of India, next year to raise funds to reduce debt.
Honasa Consumer: Has reportedly distributed excess stock of its products through its offline supply chain ahead of its IPO. This move has resulted in distributors in Maharashtra and Goa holding goods of around 90 days’ of inventory.
Tata Coffee: Board has approved capacity expansion of its Vietnam-based wholly-owned subsidiary firm at an investment of Rs 450 crore.
PVR Inox: Plans to open 150 new screens in the next fiscal with an investment of about Rs 500 crore, a top company official said. The firm presently runs 118 screens across 23 properties.
H G Infra Engineering: The company’s arm has bagged Rs 1,303.11 crore order from the National Highways Authority of India for construction of the Greenfield Varanasi-Ranchi-Kolkata highway.
Biocon: Biocon Biologics, a subsidiary of Biocon, announced that the integration of the Viatris’ biosimilars business in 31 European countries has been completed.
Wipro: Wipro announced that it is working with Amazon Web Services (AWS) to redefine the future of lab processes in the life sciences industry.
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