Future Retail, Wipro, Bajaj Auto and other hot stocks to watch out for on December 20

Dec 20, 2021

By: Rounak Jain

Future Retail

The Competition Commission of India revoked Amazon’s deal with Future Group, stating that the Jeff Bezos company concealed information when it sought regulatory approval for the deal in 2019.

Credit: BCCL

Contd...

This could pave the way for the Reliance-Future Retail deal that has been stuck in a judicial limbo for several months now. Amazon has also been fined ₹200 crore by the regulator.

Credit: BCCL

Wipro

India’s third largest IT services company will now be a part of the thirty stocks on Sensex. Analysts expect it to benefit from inflows of nearly $154 million due to this.

Credit: Wipro

Bajaj Auto

The two-wheeler giant will be removed from Sensex, and analysts believe this could result in an outflow of $69 million.

Credit: Bajaj-Auto

Shriram Properties

The company’s shares will debut on the share market today, after receiving 4.6 times subscription. Its grey market premium was hovering around ₹10.

Credit: Shriram-Properties

Kotak Mahindra Bank

Its subsidiary has acquired a 7.5 percent stake in Entroq Technologies, a fintech startup that provides short-curated financial news platforms.

Credit: BCCL

RBL Bank

Received authorisation from the Reserve Bank of India to collect indirect taxes on behalf of the Central Board of Indirect Taxes.

Credit: RBL-Bank

Ircon International

Emerged as the lowest bidder for a 500 MW solar power plant at a projected cost of ₹2,400 crore.

Credit: Ircon-International

Hero MotoCorp

Launched Retail Finance Carnival, offering zero down payment, zero interest rate and zero finance charges to lure customers.

Credit: Hero-MotoCorp

IPO Watch

Supriya Life Sciences IPO subscribed 5.88 times on Day 2. HP Adhesives IPO subscribed 21 times on Day 3.

Credit: Flickr

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