Top stocks to watch – Mrs Bectors, RIL, Bharti Airtel, Vodafone Idea, IL&FS, InterGlobe Aviation, Future Group, Deepak Nitrite, Jubilant FoodWorks, and others

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Top stocks to watch – Mrs Bectors, RIL, Bharti Airtel, Vodafone Idea, IL&FS, InterGlobe Aviation, Future Group, Deepak Nitrite, Jubilant FoodWorks, and others
BCCL
Indian stock markets could extend their gains on Thursday after the Nifty regained the 13,600 level on Wednesday.

At 8:45 am, SGX Nifty was up by 40 points, or 0.29%, suggesting that the Indian stock exchanges could have a positive start to the day. US stocks had a mixed response to the Trump administration’s proposal to increase stimulus relief cheques from $600 to $2,000. The Dow Jones closed up by 0.38%, while S&P 500 was barely in the green, up by 0.07%.

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

Mrs Bectors Food Specialties



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After breaking all records of initial public offerings (IPO) this year, Mrs Bectors Food Specialties is all set to debut on the stock exchanges today. The final issue price is fixed at ₹288 per share, and it was oversubscribed by 198 times in total.

Reliance Industries



Reliance Industries’ telecom arm Jio added 2.23 million subscribers in October, picking up the slack when compared to its performance in the month before – it added only 1.46 million subscribers during September.
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Bharti Airtel



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Airtel continued to outperform Reliance Jio, adding 3.7 million subscribers in October as compared to 3.78 million in September.

Vodafone Idea



Vodafone Idea’s troubles continue to mount as it continued to hemorrhage subscribers in October – it lost 2.66 million subscribers in October as compared to 4.65 million in September.

IL&FS



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The beleaguered Infrastructure Leasing & Financial Services has reached an agreement to sell its Chinese road asset worth ₹2,074 crore, helping it resolve ₹2,500 crore worth of debt.

InterGlobe Aviation



InterGlobe Aviation’s IndiGo may start rehiring slowly in the next three months as capacity rebuilds. The company’s CEO Ronojoy Dutta said “Doom and gloom is off the table and we are recovering pretty nicely, especially domestically,” in an interview with Bloomberg Television.

Future Group



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The beleaguered retail giant’s lenders have agreed to restructure loans under the Reserve Bank of India’s scheme at a time when its deal with Reliance Industries remains entangled in a legal dispute with Amazon.

However, in a statement to the bourses, Future Retail said that the Delhi High Court verdict is a green light for the deal with Ambani-owned retail giant and that it will follow the direction of the Indian court, not the Singapore court which had sought to stop the deal process from proceeding further.

Deepak Nitrite



The Indian government extended anti-dumping duty on phenol imports from South Africa for 5 years. Deepak Nitrite has the largest phenol plant in the country.
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Jubilant FoodWorks



The Maharashtra government has agreed to reduce excise license charges for restaurants by up to 50%, in addition to waiving off the 15% hike in excise renewal fee for the current financial year ending March 2021.

SEE ALSO:

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