scorecard
  1. Home
  2. stock market
  3. news
  4. Top stocks to watch — IRCTC, HDFC Bank, TCS, TVS Motor, Dalmia Bharat, UltraTech, ACC, Ambuja, and others

Top stocks to watch — IRCTC, HDFC Bank, TCS, TVS Motor, Dalmia Bharat, UltraTech, ACC, Ambuja, and others

Top stocks to watch — IRCTC, HDFC Bank, TCS, TVS Motor, Dalmia Bharat, UltraTech, ACC, Ambuja, and others
Stock Market3 min read
Indian stock-market indices are likely to see a slow start on Friday, led by positive cues from the global markets.

At 7:40 am, the SGX Nifty was up 0.17%, indicating a green start for Nifty50. The US stocks closed mixed on Thursday amid disappointing economic data and slowed stimulus progress. The Dow Jones Industrial Average closed 0.23% lower, and the Nasdaq Composite was up 66 points.

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

TVS Motor

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.

IRCTC

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.

HDFC Bank

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.

Dalmia Bharat, UltraTech Cement, ACC, Ambuja Cements and Shree Cement

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

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.

TCS

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

ICRA has reaffirmed Mahindra & Mahindra rating of non-convertible debenture programme of ₹1,500 crore to stable. It has also assigned a stable rating to long-term loans worth ₹1,800 crore.

The share price of Mahindra & Mahindra closed 3% lower on Thursday.

Canara Bank

Canara Bank said it had approved the issue price at ₹103.50 per share for its qualified institutional placement (QIP) to raise ₹2,000 crore. Earlier this week, the bank had set the floor price for the issue at ₹103.50 apiece.

The share price of Canara Bank closed 5% lower on Thursday.

Jash Engineering

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.

SEE ALSO: Facebook hit with 2 massive antitrust lawsuits from the FTC and 46 states seeking to spin off Instagram and WhatsApp

Airbnb prices IPO at $68 per share, will raise $3.5 billion

READ MORE ARTICLES ON


Advertisement

Advertisement