Share Market: Market will keep an eye on these shares including L&T, Bharti Airtel, SBI Card, Dixon, Cipla, Bajaj Finance.
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Stocks to Watch Today: A mixed effect may be seen in the market today on the first trading day of the week. A boom is being seen in most of the Asian markets. However, at 7:30 am, GIFT Nifty futures were flat at 19,806. Asia-Pacific markets are rising on Monday after China left its benchmark lending rates unchanged. The Hang Seng and Kospi rose 0.6 and 0.8 percent respectively. The ASX200 was up 0.15 percent. Japan’s Nikkei flat. Global investors will keep an eye on the FOMC minutes, due to be released on Tuesday in the holiday-trimmed week. American markets will remain closed on Thursday on the occasion of Thanksgiving. Here are some stocks to watch in trading today.
Bharti Airtel: Department of Telecommunications, Hyderabad has imposed a fine of Rs 107,000 for alleged violation of customer verification norms.
Dixon Technologies: The company has set a cumulative production value of Rs 48,000 crore over six years and has been declared eligible under the revamped PLI scheme for IT products.
Optimus Infracom: The company’s step-down subsidiary Optimus Telecommunication has been selected under the PLI scheme for IT products.
sbi card: The company said its capital adequacy ratio is expected to decline by 4 percent due to the Reserve Bank of India’s latest move to tighten consumer credit norms.
Larsen and Toubro: Qatar’s General Tax Authority has imposed a fine of Rs 111.3 crore on the company for 2016-2017 and Rs 127.6 crore for 2017-2018. The company has filed an appeal calling the fine arbitrary and unfair.
Bajaj Finance: The NBFC said it has temporarily stopped issuing member identity cards (EMI cards) to new customers following the RBI ban on its two digital loan products.
Cipla:The company has received a warning letter from the US FDA for the Good Manufacturing Practices (CGMP) inspection conducted between February 6-17, 2023 at its Pithampur (Indore) facility. The letter summarizes the violations related to practices that do not conform to prescribed cGMP standards and includes guidelines for necessary remediation.
DaburAccording to the company’s CEO Mohit Malhotra, Dabur is planning to set up a new factory in South India in less than a year, as its business is growing in the region.
Exide Industries: Exide Industries has settled its trademark dispute with UK’s Vertiv Company Group and India’s Vertiv Energy. Both have agreed that the trademark Chloride and its variants in India are registered by Exide.
Aurobindo Pharma: US FDA has completed pre-approval inspection of Unit-I and III of formulation facility of Aurobindo Pharma subsidiary APL Healthcare in Telangana with zero observations. Inspection closed with “no action shown”.
Kalyan Jewelers: Its arm Kalyan Jewelers FZE on Thursday acquired the remaining 30 per cent stake in Kalyan Jewelers LLC Oman. Kalyan Jewelers LLC Oman is now a wholly owned subsidiary of Kalyan Jewelers FZE.
IndusInd Bank: RBI has approved the appointment of Arun Khurana as whole-time executive director of IndusInd Bank for a period of three years, with effect from November 16, 2023.
Ashok Leyland: The company has received bookings for 10,000 battery-powered light trucks and has unveiled two new e-LCVs in Chennai.
rites: The company has secured bids in two tenders from CFM Mozambique, winning the contract to supply 10 diesel-electric locomotives and 300 high-side wagons.
Dalmia Bharat Sugar: The company said that due to the farmers’ organization movement, there has been disruption in operations at its Kolhapur and Ninaidevi units in Maharashtra.
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