Top stocks to watch — IRCTC, HDFC Bank, TCS, TVS Motor, Dalmia Bharat, UltraTech, ACC, Ambuja, and others
- At 7:40 am, the SGX Nifty was up 0.17%, indicating a green start for Nifty50.
- Here’s a list of stocks to watch for in trade today.
- Check out the latest news and updates on Business Insider.
These are the stocks to watch out for during the trading session today:
The members of the $8.5 billion TVS family decided to restructure the ownership of various companies, a measure which does not involve payment of brand royalty to the family members or their holding companies.
The share price of TVS Motor closed 0.42% lower on Thursday.
The offer-for-sale for the Indian Railway Catering and Tourism Corp (IRCTC) was subscribed nearly two times on day by the non-retail investors. The retail investors will get a chance to bid for IRCTC offer-for-sale (OFS) today.
The government is planning to sell up to 20% stake in IRCTC through OFS which opened for subscription on Thursday.
The share price of IRCTC closed 12% lower on Thursday.
The private lender HDFC Bank informed exchanges that the Reserve Bank of India (RBI) had imposed a monetary penalty of ₹10 lakh on the bank for bouncing of subsidiary general ledger (SGL). This led to a shortage of balance in certain securities in the Bank’s CSGL account on November 19, it said.
The share price of HDFC Bank closed 2% lower on Thursday.
According to reports, the Competition Commission of India (CCI) has conducted searches on the premises UltraTech Cement, ACC, Ambuja Cements, Dalmia Cement (Bharat) and Shree Cement, among others to find evidence of price collusion.
United Spirits, a part of global liquor giant Diageo appointed Hina Nagarajan as the company’s new CEO with effect from July 1, 2021. Incumbent Anand Kripalu will step down on June 30.
The share price of United Spirits closed 2% higher on Thursday.
Tata Consultancy Services (TCS) said it plans to invest more than $100 million in Austin and hire 1,000 new employees across Texas.
TCS has expanded its business operations in Austin, Texas with the construction of a new facility, doubling its presence to more than 400 professionals in the city and adding to its over 5,500 employees across the state.
The share price of TCS closed 1% lower on Thursday.
Mahindra & Mahindra
The share price of Mahindra & Mahindra closed 3% lower on Thursday.
The share price of Canara Bank closed 5% lower on Thursday.
The pump and pumping equipment manufacturing company, Jash Engineering received orders worth ₹20.65 crore in November.
The share price of Jash Engineering closed 2% lower on Thursday.
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