Paytm, Sapphire Foods, Vedanta and other top stocks to watch out for on November 18

Nov 18, 2021

By: Rounak Jain

Paytm

The Vijay Shekhar Sharma-led company will debut on the stock exchanges today, after its ₹18,300 crore IPO received 2.79 times subscription.

Credit: Paytm

Contd...

Paytm’s shares were trading at a discount of ₹20 in the grey market. The price band of shares in the IPO was ₹2,080-2,150 per share.

Credit: Paytm

Sapphire Foods

Shares of the KFC operator will debut on the stock exchanges today. Its ₹2,073 crore IPO received 6.62 times subscription.

Credit: Unsplash

Vedanta

Has decided to separately list its aluminum, oil, steel and iron businesses, and further strengthen its ESG practices.

Credit: Vedanta

Jindal Drilling

Acquired an offshore jack-up rig for $16.75 million, currently operating under contract with ONGC.

Credit: Jindal-Drilling

Zomato

The company is reportedly in talks to invest $500 million in grocery delivery startup Grofers.

Credit: Zomato

Infosys

Announced a collaboration with Bloomberg to create the Bloomberg Digital Economy Index, which will be integrated on the latter’s media and television platforms.

Credit: Infosys

The Phoenix Mills

CPP Investments completed its first tranche of investment in the company by acquiring equity shares worth ₹787 crore.

Credit: The-Phoenix-Mills

BHEL

Entered into an agreement with the Ukraine-based Zorya Mashproekt to locally manufacture marine gas turbines for the Indian Navy.

Credit: BCCL

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