Top stocks to watch — RIL, Infosys, Vodafone-Idea, Apollo Hospitals, Emami, Route Mobile, Syngene, and others

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Top stocks to watch — RIL, Infosys, Vodafone-Idea, Apollo Hospitals, Emami, Route Mobile, Syngene, and others
BCCL
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Indian stock-market indices are likely to open flat on Friday, led by mixed cues from the global peers. At 7:40 am, the SGX Nifty was down 0.19%, indicating a subdued start for Nifty50.

However, on Thursday, the US stocks ended in positive territory as fresh stimulus hopes buoyed investor sentiment towards the end of a session. The Dow Jones Industrial Average closed 45 points higher, and the S&P 500 was up 0.39%.

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

Reliance Industries

Billionaire Mukesh Ambani's Reliance Industries said it had completed the sale of about 10% stake in its retail unit to a clutch of foreign investors for ₹47,265 crore.

Since September 25, the company has sold 10.09% stake in Reliance Retail Ventures (RRVL) to private equity firms Silver Lake Partners, KKR, GIC, TPG and General Atlantic, as well as sovereign wealth funds, Mubadala, ADIA and PIF.
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The shares of Reliance Industries ended 0.76% lower on Thursday.

Vodafone-Idea

Post the completion of the much-delayed merger of Bharti Infratel and Indus Towers on Thursday, Vodafone Idea (VIL) received cash consideration of ₹3,760.1 crore for its 11.15% shareholding in Indus.

The shares of Vodafone-Idea ended flat on Thursday.

Infosys
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The Infosys subsidiary, Simplus has collaborated with Salesforce for a vaccine management cloud solution. The solution has been built on the Salesforce Platform in support of Salesforce Work.com for Vaccines as the COVID-19 pandemic continues.

The shares of Infosys ended 1.22% lower on Thursday.

Mphasis

IT firm Mphasis subsidiary, Mphasis Consulting, has acquired UK-based Datalytyx for up to £13.3 million (about ₹130.4 crore).

The acquisition is expected to provide access to strengthen Mphasis next-generation Data GTM Strategy and provide higher value partnership status with Snowflake and Talend for cloud-based data services, a regulatory filing said.
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The shares of Mphasis ended 0.50% lower on Thursday.

Syngene International

Syngene International announced that it had signed an agreement with Deerfield Discovery and Development Corporation (3DC) to collaborate for five years to advance therapeutic discovery projects.

The shares of Syngene International ended 0.86% lower on Thursday.

Muthoot Finance and Manappuram Finance

The Reserve Bank of India (RBI) imposed penalties of ₹10 lakh and ₹5 lakh on Muthoot Finance and Manappuram Finance respectively for norm violations.
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The central bank has penalised Muthoot Finance for non-compliance with directions issued by RBI on maintenance of loan-to-value ratio in gold loans and on obtaining a copy of PAN card of the borrower while granting gold loans in excess of ₹5 lakh, contravening RBI norms. Manappuram Finance has been fined for non-compliance with directions issued by RBI on verification of ownership of gold jewellery

The shares of Muthoot Finance ended 1% lower on Thursday, whereas Manappuram Finance lost nearly 2%.

South Indian Bank

South Indian Bank announced that the Marginal Cost of Funds Based Lending Rates (MCLR) for multiple tenors had been revised from November 20. One-month MCLR at 7.95% and one-year MCLR at 8.2%.

The shares of South Indian Bank ended 4.14% lower on Thursday.
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Aarti Industries

HDFC Mutual Fund reduced its stake in Aarti Industries from 7.08% to 5.08% on November 17.

The shares of Aarti Industries ended 0.31% higher on Thursday.

Apollo Hospitals

Apollo Hospitals and Tata Medical and Diagnostics (TataMD) have collaborated to introduce TataMD CHECK diagnostic test (Feluda) for COVID-19 in India.

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Apollo Hospitals along with its subsidiary Apollo Diagnostics will offer the Tata MD CHECK testing in the national capital region (NCR) from the first week of December and thereafter it will be rolled out across all major metros in the country.

The shares of Apollo Hospitals ended 0.84% higher on Thursday.

Emami

The Indian FMCG major Emami forayed into the homecare segment with its latest offering - EMASOL - a complete range for home hygiene products.

The shares of Emami ended 0.42% lower on Thursday.

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Route Mobile

Route Mobile announced that the chairman and non-executive director of the company, Chandrakant Gupta has resigned from the position of chairmanship of the board. Sandip Kumar Gupta will replace Chandrakant Gupta as the chairman of Route Mobile.

The shares of Route Mobile ended 2% higher on Thursday.

Zee Learn

L&T Infra Finance has increased its stake by 1.26 crore shares via off-market transfer from security trustee & appropriated against outstanding loan amounts on November 18. L&T Finance and L&T Infra Finance now hold nearly 7% stake in the company.

The shares of Zee Learn ended 1% lower on Thursday.

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Gland Pharma

Gland Pharma stocks to debut on the bourses today.

SEE ALSO: The first meeting between India and Luxembourg in 20 years results in three new bilateral agreements

Gland Pharma’s grey market premium rises ahead of listing today
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