Stocks to Watch Today: Indian stock market can have a bumper start again today. Today a rise of about 90 points is being seen in GIFT NIFTY. However, softness has been seen in the Asian market. US Treasury yields will continue to decline amid rising expectations of a peak in US Fed rates. Overnight, US markets closed with modest gains as the dollar index fell to a 3.5-month low after Fed Governor Christopher Waller strengthened expectations of a rate cut in the first half of 2024. Earlier on Tuesday, the Indian stock market remained green. Sensex closed up by about 204 points. At the same time, a rise was seen in Nifty also. Meanwhile, the focus will be on these shares in the market today.
Indian Renewable Energy Development Agency :There is potential for a 30 percent listing gain for Gray Market Premium (GMP) stock as it makes its debut today. The Rs 2,150 crore Miniratna IPO had received a strong response from investors.
zomato: Alipay Singapore Holding on Wednesday plans to sell its entire 3.44 per cent stake in the company through a block deal at a floor price of Rs 111.28 per share.
siemens: Net profit for the quarter ending September 2023 declined 12.4 per cent year-on-year at Rs 571 crore at the consolidated level. However, revenue from operations increased 25.3 percent year-on-year to Rs 5,721 crore.
IT: According to Gartner’s latest forecast, India’s information technology (IT) spending is projected to reach $124.6 billion in 2024, showing a growth of 10.7 percent from 2023. This follows a period of stable growth (minus 0.5 percent) in 2023.
Jubilant Foodworks: The Netherlands-based arm of the company has acquired DP Eurasia N.V. for £3.3 million. Has completed the acquisition of additional stake in, due to which its stake has increased from 48.84 percent to 51.50 percent.
Canara Bank: plans to transfer its credit card business and other digital product portfolio to its unlisted subsidiary, Canbank Computer Services (CCSL). Canara Bank holds 69.14 percent stake in CCSL, while the rest is held by Bank of Baroda and DBS India. The bank is planning to buy shares of the other two stakeholders in CCSL.
Indian Oil Corporation (IOC): Sources said the PSU major has taken over a third of the natural gas offered by Reliance Industries and its partner BP in the latest auction of KG-D6 gas. Read More PCBL: The company’s board has approved the acquisition of Pune-based specialty chemicals company, Aquapharm Chemicals for Rs 3,800 crore.
Aster DM Healthcare: As part of Aster’s strategy to demerge its India and Gulf businesses to unlock value, the company’s subsidiary Aster will sell its stake in DM Healthcare FZC to Alpha GCC for $1.01 billion.
Havells India: announced the launch of its consumer durables brand ‘Lloyd’ in the Middle East market.
Stocks in F&O ban today: Balrampur Chini, BHEL, Granules India and Indiabulls Housing Finance are in futures and options ban period on Wednesday.