Stocks To Watch: Vodafone Idea
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a higher opening on Friday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty was trading 23 points or 0.10% lower at 24,522 indicating a negative start for domestic indices NSE Nifty 50 and BSE Sensex on Thursday. Previously, on Thursday, the NSE Nifty 50 closed the session 241 points or 0.98% higher at 24,708, while the BSE Sensex rose 809 points or 1% to close at 81,766.
Stocks to watch on December 06, 2024
Vodafone Idea
Vodafone Idea plans to raise Rs 2,000 crore through equity shares and/or convertible securities issuance on a preferential basis to one or more entities belonging to UK-based Vodafone Group. The board will meet on December 9 to consider the proposal for the issue, the company said in a filing to the exchanges.
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FSN E-Commerce
Nykaa Fashion on Thursday announced that its Chief Executive Officer Nihir Parikh has resigned and has been relieved with immediate effect. Nykaa Fashion is the fashion vertical of FSN E-commerce Ventures Ltd.
Raymond Lifestyle
Raymond Lifestyle announced that Gautam Hari Singhania has been appointed as the company’s executive chairman despite objection by the proxy advisory firms. Per a regulatory filing, out of the 100 per cent of 4,17,57,480 votes, 86.85 per cent were cast in favour of the resolution while the remaining 13.15 per cent were against the resolution of the appointment.
Garden Reach Shipbuilders
Garden Reach Shipbuilders & Engineers said on Thursday that it had signed a contract for the construction and delivery of the second 7,500 Deadweight Tonnage (DWT) Multi-Purpose Vessel (MPV) in a series of four additional vessels.
Afcons Infrastructure
Shapoorji Pallonji group firm Afcons Infrastructure said It has reached a significant milestone in the Delhi Metro Phase IV by finishing the longest tunnelling operation.
Dr. Reddy’s Laboratories
Dr Reddy’s Laboratories said the Kazakhstan Revenue Authority has levied a penalty of Rs 28.7 lakh on its subsidiary. The Department of State Revenue, Bostandyk district of Almaty, Kazakhstan has imposed the penalty on Dr Reddy’s Laboratories Kazakhstan LLP towards disallowance of claim of certain expenses by the tax authorities for the calendar year 2021.
Canara Bank
Reserve Bank of India (RBI) has given its nod to Canara Bank to divest its shareholding in Canara Robeco Asset Management Company and Canara HSBC Life Insurance Company by 13% and 14.5% respectively through an Initial Public Offer (IPO).