Last updated: December 26, 2022, 9:12 AM IST
Stocks to Watch in Monday’s Trading
Stocks to watch today: Stocks from companies like Tata Motors, DailyExpertNews, Hindustan Zinc, Suven Pharma and others will take center stage in Monday’s trading
SGX Nifty December 50 futures point to a slightly positive start for domestic stocks on Monday. However, trade is expected to be subdued due to lower foreign investor participation during the year-end festivities.
In addition, rising COVID cases in China have unnerved investors, who are expected to remain in sell mode.
DailyExpertNews: The founders of the company, Radhika Roy and Prannoy Roy, will transfer 27.26% of their stake in the company to RRPR Holding, owned by the Adani Group. Consequently, Adani Group will hold a 64.71% stake in the news channel.
Tata Motors subsidiary TML CV Mobility Solutions has won a contract from the Delhi Transport Corp to supply, operate and maintain 1,500 electric buses in the city for 12 years.
Suven Pharma: Advent International has entered into an agreement to acquire a substantial stake in Suven Pharma, with the promoters, the Jasti family. Following the purchase of the stake, Advent will also make an open offer for an additional 26 percent stake and explore the merger of Suven Pharma with its portfolio company Cohance Lifesciences.
Hotels, travel: Stocks of tourism and restaurant owners are likely to be in the spotlight as a new strain of Covid-19 threatens to disrupt demand. So far, India has mandated a test for international travelers from 5 countries.
Telecom: As a major boost for 5G network providers, the Ministry of Railways will allow private players to install towers on land owned by the ministry, Business Standard has learned. Until now, this right was reserved only for its own telecom arm – RailTel Corporation of India.
Hindustan Zinc: The world’s second largest zinc producer, implements a Rs 10,000 crore blueprint to accelerate the pace of decarbonisation and tap into new growth areas.
Tata Power: The private power generation company plans to raise up to Rs 2,000 crore through bonds to finance its business activities. Meanwhile, it has secured Rs 450 crore in sustainable trade finance from Japanese banking institution MUFG (Mitsubishi UFJ Financial Group) for renewable energy projects.
Jubilant FoodWorks: Shares of the franchise owner of Domino’s India underperformed in the markets after Q2 results due to a sharp decline in earnings and management’s decision to limit price increases. Continuing, aggressive store expansion, new menu choices should drive growth for QSR.
LIC: India’s largest insurer will be able to invoke the compound license clause following the passage of the Insurance Laws (Amendment) Bill in parliament, sources said. With a combined license, insurers can take out non-life and non-life insurance policies through a single entity.
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