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Stocks to Watch: Tata Steel, Vedanta, Zomato, Tata Motors, Bharat Forge, and Others – News18


Last Updated: December 08, 2023, 08:41 IST

Stocks To Watch: Nifty futures on Gift Nifty traded marginally higher at around 7.15 am, indicating a flat-to-positive start for Dalal Street ahead of the RBI policy outcome today. Here are the top stocks that will be in focus:

Rate-sensitive stocks: Banking, auto and real estate stocks will be in focus as RBI will announce its policy decision today.

Tata Steel, Vedanta, and NMDC: Business Standard reported that the three companies are weighing bids for blocks in India’s maiden auction round for critical mineral blocks.

IIFL Securities: The Securities Appellate Tribunal (SAT) has set aside the order by Sebi restricting IIFL Securities from taking new clients for two years. The tribunal has also reduced the penalty imposed on the stockbroker to Rs 20 lakh from Rs 1 crore.

Zomato: SoftBank’s investment firm SVF Growth Singapore plans to offload its remaining 93.5 million shares (1.1 per cent equity) in food delivery major Zomato on Friday. The price range for the transaction has been fixed at Rs 120-121 per share, as per reports.

Tata Motors: The company is pressing Indian officials not to lower import taxes of 100 per cent on electric vehicles and to protect domestic industry and its investors, as the government reviews Tesla’s plans to enter the market, reported Reuters.

Titagarh Rail: The firm has launched a QIP issue to raise up to Rs 700 crore. The floor price is Rs 976 and indicative issue price is Rs 933, as per CNBC-TV18.

Jindal Saw: The board of directors will meet on December 14 to consider and approve a proposal of raising funds.

Bharat Forge: The company’s unit Kalyani Strategic Systems proposed to acquire a majority stake in Zorya Mashproekt India, which is engaged in the development of indigenous capabilities for build-ups and repair and overhaul of all types of gas turbine engines.

Container Corp: The company signed an MoU with NTPC Vidyut Vyapar Nigam to develop solar projects at its terminals.

IRB Infrastructure Developers: The company recorded toll collection of Rs 437 crore in November against Rs 366 crore in the same period last year.

Shriram Finance: It has executed a co-lending agreement with Small Industries Development Bank Of India (SIDBI) for providing loans to MSME borrowers.

Disclaimer:Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.



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