Top stocks to watch — Future Retail, RIL, Bharti Infratel, Airtel, Wipro, Dabur, DHFL, SpiceJet, and others

Top stocks to watch — Future Retail, RIL, Bharti Infratel, Airtel, Wipro, Dabur, DHFL, SpiceJet, and others
BCCL
Indian stock-market indices are likely to start on a tepid note on Wednesday, led by mixed cues from the global markets.

At 7:50 am, the SGX Nifty was trading flat, indicating a slow start for Nifty50. However, on Wednesday, after an initial morning decline, US stocks finished mostly higher as investors latched onto hope that another round of fiscal stimulus to hasten the economic recovery is just around the corner. The Dow Jones Industrial Average closed 60 points higher, and the S&P 500 was up 0.18%.

These are the stocks to watch out for during the trading session today:

RIL and Future Retail

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The Indian market regulator SEBI has asked the BSE to clarify on the no-objection-certificate (NOC) given by the exchange to the Future Group for amalgamation of some of its business as part of the ₹24,713 crore deal by Reliance Industries’ retail arm.

The shares of RIL ended 0.21% higher on Wednesday, whereas Future Retail ended in red.

Bharti Infratel and Bharti Airtel

Bharti Airtel said its subsidiary Nettle Infrastructure Investments had acquired an additional 4.94% stake in Bharti Infratel for ₹2,882.32 crore. With this transaction, Bharti Airtel’s total stake in its mobile tower arm Infratel has increased to 41.66%.
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The shares of Bharti Infratel ended 4.40% higher on Wednesday, whereas Bharti Airtel ended in 1% higher.

Wipro

Wipro wins a multi-year contract from Verifone, a global leader in payments and commerce solutions, to drive agility across its cloud services offerings. The company said it would develop new features, capabilities and interfaces for Verifone’s Cloud Services offerings, enabling seamless and flexible transaction processing for the company.

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The shares of Wipro ended 1.8% higher on Wednesday.

Dabur

The company has responded to a study by the Delhi-based NGO Centre for Science and Environment (CSE) and said that its honey had passed the Nuclear Magnetic Resonance (NMR) test in Germany and it is complying with 22 parameters mandated by FSSAI for testing honey.

The CSE study shows that 10 of the 13 brands of honey sold in India, including Dabur had failed the NMR test.
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The shares of Dabur ended 0.61% lower on Wednesday.

DHFL

The Committee of Creditors for cash-strapped DHFL has voted in favour of inviting revised bids. And, December 14 has been set as the new deadline to submit bids.

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The shares of DHFL ended 5% higher on Wednesday.

Raymond

Raymond’s subsidiary Silver Spark Apparel has entered into a share transfer agreement to divest its entire stake in its subsidiary Dress Master Apparel for ₹19.07 crore.

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The shares of Raymond ended 0.36% lower on Wednesday.

Tata Chemicals

Tata Sons bought shares worth ₹76 crore in Tata Chemicals.

The shares of Tata Chemicals ended 6% higher on Wednesday.
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SpiceJet

SpiceJet intends to expand its cargo business considerably over the next two years, after great success during the pandemic, the company’s Chairman and Managing Director, Ajay Singh said in their annual report.

The shares of SpiceJet ended 4% higher on Wednesday.

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