Last Updated:
Stocks To Watch: Shares of corporations like Vodafone Idea, ITC, Ola Electric, Canara Bank, and others will likely be in focus
Stocks To Watch
Stocks To Watch On December 06: The markets had a risky session, ending nearly flat after three consecutive days of beneficial properties. In immediately’s commerce, shares of Vodafone Idea, ITC, Canara Bank, Hyundai Motor India, Ola Electric, and others will likely be in focus as a consequence of numerous information developments.
Rate-sensitive Stocks:
Investors will give attention to banking, auto, and realty stocks because the RBI broadcasts its policy decision at 10 AM immediately.
Vodafone Idea (Vi): On December 9, Vi’s board will think about a proposal to lift Rs 2,000 crore from promoter Vodafone Group entities via a preferential concern.
Hyundai Motor India: The firm has introduced a value hike of as much as Rs 25,000 throughout its fashions, efficient January 1, citing rising enter prices, unfavorable alternate charges, and better logistics bills.
Canara Bank: The RBI has permitted Canara Bank’s stake sale in its mutual fund and insurance coverage subsidiaries by way of an preliminary public providing (IPO). In March 2024, the financial institution’s board had permitted the sale of stakes in these two subsidiaries.
ITC: The conglomerate, spanning cigarettes to motels, is increasing its community of Farmer Producer Organisations (FPOs), with plans to attach one crore farmers within the subsequent 4-5 years and scale up sourcing of vegetables and fruit via this platform, in response to S Ganesh Kumar, CEO of ITC’s Agri Business Division.
FSN E-Commerce Ventures (Nykaa): Nykaa Fashion CEO Nihir Parikh has resigned and has been relieved of his duties with speedy impact.
Ola Electric: The Central Consumer Protection Authority (CCPA) has requested further paperwork from Ola Electric relating to a present trigger discover issued in October associated to 10,644 complaints.
PSB Stocks: Public sector banks (PSBs) have fallen wanting their annual targets for 2 key social safety insurance coverage schemes, Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY). By October 2024-25, PSBs had met solely 40% of the 64 million goal for PMSBY and 30% of the 41 million goal for PMJJBY.
Procter & Gamble Hygiene & Healthcare: The firm’s father or mother, P&G, has revamped its provide chain for the chrome steel strips utilized in its Gillette razors, now sourcing them from India. This transfer is predicted to protect its margins from potential tariffs that could be imposed by US President-Elect Donald Trump.
Garden Reach Shipbuilders & Engineers: The firm has signed a contract for the development and supply of the second ship from a collection of 4 further 7,500 DWT multi-purpose vessels in Germany. In September, it secured an order for 4 extra multi-purpose vessels.
RITES: RITES has been appointed because the venture administration guide (PMC) for the execution, supervision, and improvement of the part II campus of the Indian Institute of Management Raipur (Chhattisgarh) venture, valued at Rs 148.25 crore.
Waaree Energies: The photo voltaic PV module producer has obtained NABL accreditation for its PV module testing lab at its manufacturing facility in Chikhli, Gujarat.
Afcons Infrastructure: The not too long ago listed firm has accomplished the longest tunneling drive on the Tughlakabad-Aerocity hall for the Delhi Metro Phase IV venture, in partnership with the Delhi Metro Rail Corporation (DMRC).
