Top stocks to watch — Hero Moto, RIL, Bharti Airtel, Future Enterprises, Wipro, Jubilant FoodWorks, and others

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Top stocks to watch — Hero Moto, RIL, Bharti Airtel, Future Enterprises, Wipro, Jubilant FoodWorks, and others
BCCL
Indian stock-market indices are likely to start lower on Thursday, led by negative cues from the global markets.

At 7:45 am, the SGX Nifty was down 0.27%, indicating a tepid start for Nifty50. The US equities closed mixed on Wednesday as investors mulled the Federal Reserve’s forecast, disappointing economic data, and progress toward passing new stimulus. The Dow Jones Industrial Average closed 0.15% lower, and the S&P 500 was up 0.18%.

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

Hero MotoCorp


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The two-wheeler major Hero MotoCorp said it would hike the two-wheeler prices with effect from January 1. The company cited a steady rise in commodity costs across the spectrum, including steel, aluminium, plastics, and precious metals as the rationale behind the price hike.

RIL, Airtel, Vodafone-Idea and other telecom stocks

RIL, Airtel, Vodafone-Idea and other telecom stocks will be in focus during the trade today as the union cabinet approved a proposal to auction spectrum worth 4 lakh crore in March 2021. A total of 2,251.25 MHz of spectrum will be auctioned across seven bands.

Future Enterprises

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Future Enterprises on Wednesday reported a consolidated net loss of ₹320.56 crore for the second quarter ended September 2020, on account of lower revenue from operations. The company had posted a net profit of ₹21.78 crore in the corresponding quarter a year ago.

Wipro

IT services major Wipro has completed the acquisition of 83.4% equity stake in Chennai-based Encore Theme Technologies. In October, Wipro announced that it had signed a definitive agreement to acquire Encore Theme, a specialist in providing SaaS and Cloud solutions in financial services, for up to ₹95 crore.

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IndusInd Bank

The Private lender IndusInd Bank said the market regulator SEBI had granted a one-month extension for its promoters to infuse residual capital in lieu of conversion of warrants, issued to them last year, worth over ₹2,695 crore into equity.

Computer Age Management Services (CAMS)

Computer Age Management Services (CAMS) informed stock-exchanges that it had been considered eligible for selection and a further grant of registration as a Central Record Keeping Agency under the National Pension Scheme (NPS) under the Pension Fund Regulatory and Development Authority (Central Recordkeeping Agency) Regulations, 2015.

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IRCTC

The government has proposed to offer up to 16 lakh equity shares to the eligible employees of the company at a price of ₹1,377.55 per equity share. Employee OFS will open from December 18 till December 21.

Lakshmi Vilas Bank

The Lakshmi Vilas Bank (LVB), which was amalgamated with DBS Bank last month has decided to delist its equity shares with effect from December 18.
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Jubilant FoodWorks

Jubilant FoodWorks forays into the Biryani segment with a new brand ‘Ekdum!’ as part of its portfolio expansion. ‘Ekdum!’ will offer a variety of biryanis from across India along with kebabs, curries, breads, desserts and beverages.

Balrampur Chini Mills, Dhampur Sugar Mills, Triveni Engineering, Shree Renuka Sugars and others

Balrampur Chini Mills, Dhampur Sugar Mills, Triveni Engineering, Shree Renuka Sugars and other sugar stocks will be in focus during the trade today as the cabinet approved ₹3,500 crore subsidy for sugar farmers and ₹6,000 per tonne subsidy for sugar exports to be given for 60 lakh tonnes of sugar exports.
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