Stocks to Watch on November 16: GIFT Nifty on the NSE IX traded 6.5 points, or 0.03 per cent, lower at 19,757.5, signaling that Dalal Street was headed for muted start on Thursday. Here’s a slew of stocks that will be in focus today for various reasons.
Tata Consultancy Services: TCS has fixed November 25 as the record date for determining the entitlement and eligibility of equity shareholders for participation in the company’s Rs 17,000-crore share buyback plan.
Bajaj Finance: The Reserve Bank of India (RBI) has asked Bajaj Finance to stop sanctioning and disbursal of loans under ‘eCOM’ and ‘Insta EMI Card’ segments with immediate effect.
ONGC: ONGC plans to invest about Rs 1 trillion in setting up two petrochemical plants to convert crude oil directly into high-value chemical products as it prepares for energy transition.
Dabur: Dabur International Ltd and Dermoviva Skin Essentials Inc have been dismissed as defendants in federal cases before the United States District Court for the Northern District of Illinois due to lack of personal jurisdiction.
Vedanta: Malco Energy Limited, the group’s subsidiary company, has set up a new unit in Saudi Arabia for copper business for SAR 1,00,000.
RateGain Travel: The company opened a fund raise plan via qualified institutional placement (QIP) at Rs 676.66 per equity share fixed as the floor price. It closed at Rs 711.75 apiece on the BSE on Wednesday.
Paytm: The fintech company has partnered with global travel technology company Amadeus for three years to integrate Amadeus’s expansive travel platform, enhancing the travellers’ experience from search to booking, and payments.
IIFL Finance: The company will invest up to Rs 200 crore in IIFL Samasta Finance via Rights Issue.
SJVN: The state-run power producer has said that the first unit of 30 MW capacity at Naitwar Mori hydro electric project has started supplying power to the national electricity grid.
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