Download Unicorn Signals App

Powered By EquityPandit

Stocks in Focus: Adani Power, SBI Cards, L&T and Others

Picture Source: Internet

The GIFT Nifty futures were trading in the green before the market’s opening on Monday. Indices are expected to open on a similar flat-to-positive note.

Domestic benchmark indices, NSE Nifty 50 and S&P BSE Sensex dipped on Friday, following a mixed U.S. close on Thursday. Nifty 50 closed 33.40 points or 0.17% down at 19,731.80, while the BSE Sensex at 65,794.73, 0.28% or 187.75 points lower.

Here are some stocks likely to be in focus on November 20.

Dalmia Bharat Sugar: Dalmia Farmer’sugar reports operational disruptions at its Kolhapur and Ninaidevi units in Maharashtra due to Farmer’s Sangathan Agitation. The company is taking steps to restore normalcy.

IndusInd Bank: The RBI has approved the appointment of Arun Khurana as the whole-time executive director of IndusInd Bank for a three-year term, effective November 16, 2023.

Larsen & Toubro: Larsen & Toubro contests the imposition of a Rs 111.31 crore penalty for 2016-2017 and Rs. 127.64 crore for 2017-2018 by QQatar’sGeneral Tax Authority, deeming it arbitrary and unjustified.

Bajaj Finance: The company stopped sanctioning and disbursing loans under its two lending products until the deficiencies observed by the RBI were rectified to their satisfaction.

RITES: RITES emerged as the lowest bidder in two tenders from CFM Mozambique. The company has secured contracts for the supply of 10 diesel-electric locomotives and 300 high-side wagons.

Adani Power: Adani Power is seeing strategic investments, with Ardour Investment Holding Ltd. acquiring 1.93% and Emerging Market Investment DMCC acquiring 0.13% of the company’s shares. Promoters now hold 71.14% of Adani Power.

Exide Industries: Exide Industries has settled its trademark dispute with the UUK’sVertiv Company Group and IIndia’sVertiv Energy. The two have agreed that Exide has registered the trademark Chloride and its variants in India.

Ashok Leyland: The company has received bookings of 10,000 battery-driven light trucks and has unveiled the two new e-LCVs in Chennai.

SBI Cards and Payment Services: The company said that its capital adequacy ratio is expected to decline by 4 per cent due to the Reserve Bank of India’s latest move on tightening consumer loan norms.

Aurobindo Pharma: A USFDA inspection at its facility in Telangana from November 13 to 17 closed with zero observations and classification of ”No Action Indicated.”

Kalyan Jewellers: On Thursday, its arm, Kalyan Jewellers FZE, acquired the remaining 30 per cent stake in Kalyan Jewellers LLC Oman, making it a wholly owned subsidiary of Kalyan Jewellers FZE.

Zen Technologies: The company has received an export order for simulators worth nearly Rs 42 crore from an unnamed friendly nation.

Tamilnad Mercantile Bank: E.D. orders the bank to transfer the 3.31% stake held by MGM Maran in favour of the Director of Enforcement.

Get Daily Prediction & Stocks Tips On Your Mobile