Top stocks to watch — M&M, Gillette, AU Small Finance Bank, JSW Steel, CG Power, and others
- At 7:45 am, the SGX Nifty was up 0.18%, indicating a positive 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.
On Thursday, the US equity markets were closed on the occasion of Thanksgiving. Asian markets are trading in the green this morning — the Shanghai Composite Index was up 0.19%, and the Tokyo Stock Price Index (TOPIX) was up 0.29%.
These are the stocks to watch out for during the trading session today:
Mahindra & Mahindra
AdvertisementMahindra & Mahindra’s (M&M) wholly-owned subsidiary, Mahindra Holdings (MHL) has decided to sell its 100% stake of Mahindra First Choice Services (MFCS) and Auto Digitech (ADPL) to TVS Automobile Solutions (TASL).
M&M said after the closure of the sale, MHL’s shareholding in MFCS and ADPL would come down to zero, and MFCS and ADPL would cease to be the subsidiaries of MHL and consequently of the company.
The shares of Mahindra & Mahindra ended 1.26% higher on Thursday.
The National Anti-Profiteering Authority (NAA) has imposed a fine of over ₹58 crore on Gillette India for not passing on benefits of GST rate cut to the consumers. The authorities have asked to deposit 50% of the profiteered amount in the Central Consumer Welfare Fund and the rest 50% in the Consumer Welfare Fund of the states and UT.
The shares of Gillette ended 0.23% higher on Thursday.
AdvertisementAU Small Finance Bank has made a strategic investment of ₹7.70 crores in National Payments Corporation of India (NPCI), wherein 61,320 equity shares at a value of ₹1,256 per share are allocated to the Bank constituting 0.44% shareholding of NPCI.
The shares of AU Small Finance Bank ended 1.07% higher on Thursday.
AdvertisementJSW Steel is looking to hike its stake in its subsidiary JSW Vallabh Tinplate for ₹35 crore.
The shares of JSW Steel ended 7% higher on Thursday.
Tube Investments of India and
Tube Investments of India acquired a controlling interest in CG Power Industrial Solutions via allotment of equity shares & warrants.
The shares of Tube Investments of India ended 4% lower on Thursday, and CG Power was down nearly 2%.
Lakshmi Vilas Bank
A group of promoters of the ailing Lakshmi Vilas Bank challenged the merger with DBS Bank in the Bombay High Court. However, the court rejected the merger stay plea; the petitions have been placed for hearing on December 14 when the respondents (Reserve Bank of India, LVB and DBS Bank India) shall file their affidavits in reply.
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