scorecardTop stocks to watch — Pfizer, TCS, Wipro, Hero Moto, Lakshmi Vilas Bank, SpiceJet, IndiGo, and others
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Top stocks to watch — Pfizer, TCS, Wipro, Hero Moto, Lakshmi Vilas Bank, SpiceJet, IndiGo, and others

Top stocks to watch — Pfizer, TCS, Wipro, Hero Moto, Lakshmi Vilas Bank, SpiceJet, IndiGo, and others
Stock Market3 min read
Indian stock-market indices are likely to open in negative territory on Thursday, on the back of subdued cues from the global peers. At 7:40 am, the SGX Nifty was down 0.53%, indicating a weak start for Nifty50.

US stocks also tumbled during the afternoon trade as new lockdown restrictions erased morning optimism about Pfizer’s coronavirus vaccine news. The Dow Jones Industrial Average closed 344 points lower, and the S&P 500 was down 1.16%.

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

Pfizer

Global drugmakers Pfizer and BioNTech concluded phase 3 study of COVID-19 vaccine candidates and said their COVID-19 vaccine candidate is 95% effective, including in people over 65 years of age. Based on current projections, the companies expect to produce globally up to 50 million vaccine doses in 2020 and up to 1.3 billion doses by the end of 2021.

The shares of Pfizer ended 0.92% lower on Wednesday.

TCS

The shareholders of Tata Consultancy Services (TCS) said its shareholders have approved its up to ₹16,000 crore share buyback plan.Last month the board of TCS approved a proposal to buyback upto 5.33 crore equity shares at a price of ₹3,000 for an aggregate amount not exceeding ₹16,000 crore.

The shares of TCS ended 1.50% lower on Wednesday.

Wipro

IT services giant Wipro has fixed December 11 as the record date for its ₹9,500 crore share buyback programme.

Its board and shareholders have already approved its proposal to buy back upto 23.75 crore equity shares of the company at ₹400 per share. The shares of Wipro ended 0.92% lower on Wednesday.

Hero MotoCorp

Two-wheeler market leader Hero MotoCorp said it sold more than 14 lakh units of motorcycles and scooters in retail sales during the festive season.

Despite severe disruptions due to COVID-19 this year, the good retail off-take during the 32-day festival period — spread between the first day of Navratri and the concluding day after Bhai Duj — was 98% of the festive season volumes sold by the company in 2019 and 103% compared to the same period in 2018.

The shares of Hero MotoCorp ended 1.40% lower on Wednesday.

Punjab & Sind Bank

State-owned Punjab & Sind Bank on Wednesday said the board of the bank would meet later this week to consider raising up to ₹5,500 crore by issuing shares on a preferential basis.

The shares of Punjab & Sind Bank ended 0.88% higher on Wednesday.

GPT Infra

GPT Infraprojects Limited (GPT) has bagged an order valued at ₹162.83 crore from the Hooghly River Bridge Commissioners (HRBC), Transport Department, Government of West Bengal, Kolkata. The contract is for repair and rehabilitation of the second Hooghly Bridge, including replacement of Stay and Holding Down Cables and Bearings etc.

The shares of GPT Infra ended 2.09% higher on Wednesday.

Lakshmi Vilas Bank

Capri Global Holdings sold more than 20 lakh shares of Lakshmi Vilas Bank through an open market transaction. According to the bulk deal data available on the BSE, Capri Global Holdings offloaded a total of 20,55,161 shares at an average price of ₹12.40 apiece. This took the total deal value to ₹2.54 crore.

The shares of Lakshmi Vilas Bank ended 20% lower on Wednesday.

IndiGo

According to the air regulator DGCA data, IndiGo passenger load has increased from 65.4% in September to 68.2% in October. IndiGo holds 55.5% market share in Indian skies.

The shares of IndiGo ended 5% higher on Wednesday.

SpiceJet

According to the air regulator DGCA data, SpiceJet passenger load has increased from 73% in September to 74% in October. SpiceJet holds 13.4% market share in Indian skies.

The shares of SpiceJet ended 13% higher on Wednesday.

SEE ALSO: Dow tumbles 345 points as fresh lockdown measures overshadow vaccine progress

Pfizer's new COVID-19 vaccine is 95% effective and the only severe side-effect to worry about is fatigue, according to the final results

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