Policybazaar, Maruti Suzuki, Rail Vikas Nigam, Strides Pharma and other stocks to watch out on December 1

Dec 1, 2021

By: Bhakti Makwana

Auto stocks in focus

Automobile sales data for the month of November 2021 is all set to be released today.

Credit: BCCL

PB Fintech (Policybazaar)

The company’s subsidiary Docprime made a further investment of ₹10.8 crore in healthcare and wellness service provider Visit Health (VHPL) for a minority stake.

Credit: BCCL

Maruti Suzuki

The auto major is expecting an adverse impact on vehicle production in December 2021 in both Haryana and its contract manufacturing company, Suzuki Motor Gujarat (SMG) in Gujarat.

Credit: BCCL

Maruti Suzuki

The weak production is because of a supply constraint of electronic components due to the semiconductor shortage situation.

Credit: BCCL

Hathway Cable & Datacom

The company has acquired 3.64 hathway shares of subsidiary Hathway Kokan Crystal, for ₹54,880. After this, Hathway Kokan Crystal has become a wholly-owned subsidiary of the company.

Credit: BCCL

NTPC

Unit-4 of 250 megawatt capacity of Nabinagar Thermal Power Project of Bhartiya Rail Bijlee Company Limited (a subsidiary of NTPC) begins its commercial operations. With this, the commercial capacity of NTPC group will become 67,907.5 megawatt.

Credit: BCCL

Strides Pharma Science

SBI Funds Management has sold 66,400 shares of the company on November 29, which has reduced their shareholding to 5.42 percent from 5.50 percent earlier.

Credit: BCCL

Rail Vikas Nigam

The company has signed a memorandum of understanding (MoU) with the government of Kyrgyzstan for the order of railway corridor projects.

Credit: BCCL

IPO Watch

Tega Industries’ ₹600 crore IPO opens today and grey market price is at ₹310 per share. Also, it is the second day to subscribe to Star Health IPO.

Credit: BCCL

Reliance Industries net profit more than triples in the last eight quarters to $2.8 billion