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Stocks to look at: Shares of companies like Tata Motors, Cipla, Religare, ONGC, Cochin Shipyard, and others will likely be in give attention to Monday’s commerce
Stocks To Watch
Stocks to Watch on December 2: Markets gained practically 1% final week, marking the second consecutive week of advances regardless of combined alerts. Today, shares of Greaves Cotton, Biocon, Tata Motors, Hyundai, and Cipla, amongst others, will likely be in focus as a consequence of numerous information developments.
Eicher Motors: Eicher Motors will likely be within the highlight as Royal Enfield reported a complete of 82,257 models offered in November.
Tata Motors: Tata Motors posted a slight improve in complete gross sales to 74,753 models, with home gross sales amounting to 73,246 models in November.
Hyundai Motor India: Hyundai’s complete gross sales declined by 7% to 61,252 models, with home gross sales at 48,246 models in November.
Maruti Suzuki: Maruti Suzuki recorded complete gross sales of 181,000 models in November, with home gross sales at 153,000 models.
Cipla: Cipla’s inventory could also be in focus as we speak as the corporate’s promoters plan to promote as much as 1.72% of their stake within the firm by way of block offers.
Religare Enterprises: Religare Enterprises has acquired warning letters from inventory exchanges for delaying the disclosure of the RBI’s refusal to approve the appointment of Rakesh Asthana as extra director. The firm disclosed the RBI’s resolution solely after inventory exchanges intervened in late October, regardless of receiving the letter from the central financial institution in May.
ONGC: ONGC Videsh (OVL), the abroad arm of Oil and Natural Gas Corporation (ONGC), has accomplished the $60 million acquisition of Norwegian agency Equinor’s stake in an oilfield and an related pipeline in Azerbaijan. The acquisition features a 0.615% stake within the offshore Azeri Chirag Gunashli (ACG) oilfield and a 0.737% share within the Baku-Tbilisi-Ceyhan (BTC) pipeline.
Power Mech Projects: Power Mech Projects introduced that it has received an order value Rs 510 crore (excluding GST) from Adani Power. The order includes mechanical development work for the two×800 MW Raipur Phase-II Ultra Supercritical Thermal Power Project in Chhattisgarh.
Cochin Shipyard: The Ministry of Defence has signed a contract with Cochin Shipyard for the Short Refit and Dry Docking (SRDD) of INS Vikramaditya at a value of Rs 1,207.5 crore.
KEC International: KEC International secured a number of orders value Rs 1,040 crore in its Transmission and Distribution (T&D) enterprise in worldwide markets. These embrace supplying towers, {hardware}, and poles for initiatives within the Americas and 220 kV transmission traces within the Commonwealth of Independent States (CIS).
Biocon: Biocon Biologics introduced that the U.S. FDA has permitted YESINTEK (Ustekinumab-kfce), a biosimilar to Stelara (Ustekinumab), for the remedy of Crohn’s illness, Ulcerative Colitis, Plaque Psoriasis, and Psoriatic Arthritis.
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