Stocks To Watch: SpiceJet, Reliance Industries, Hindustan Zinc, NHPC
Here Are The Stocks To Watch In Trade Today:
SpiceJet: The Madras High Court has ordered winding up of the airline on grounds that it failed to clear debt owed to Credit Suisse AG. The order by the single-judge bench of Justice R Subramanian directed the official liquidator to take over the assets of the airline for liquidation but granted a three-week stay at the request of the company to appeal against the order.
Reliance Industries: To set up a $2-billion joint venture for chemicals production with UAE’s Ta’ziz.
Praj Industries: Announced patented product called Biosyrup to process sugarcane juice for round-the-year ethanol production.
Hindustan Zinc: Approves interim dividend of Rs 18 per share.
Brightcom Group: To buy Vuchi Media Pvt. Ltd. for Rs 566 crore.
NHPC: Approved proposal for monetization by securitization through bidding process of return on equity of Chamera-1 Power Station, Himachal Pradesh and to further monetize the return on equity of one or more power stations.
Imagicaaworld Entertainment: To reopen Mumbai water park from Dec. 17.
Jindal Steel and Power: November steel production of 6.74 lakh tonnes was up 10% year-on-year. Steel sales stood at 5.39 lakh tonnes and exports contributed 15% to the total sales volumes.
FabIndia considering filing for $500 million IPO by early next year, at $2 billion valuation, reports Bloomberg.
RateGain Travel IPO subscribed 41% at the end of day one.
Shriram Properties IPO to open today, raises over Rs 270 crore from anchor investors.
Maharashtra Seamless: Promoter Sudha Apparels bought 2.37 lakh shares between Dec. 2 and 6.
Aditya Birla Capital: Promoter Birla Group Holdings Pvt Ltd. bought 1.72 lakh shares on Dec. 1.
Gujarat Fluorochemicals: Promoter Inox Chemicals sold 15,129 shares on Dec. 6.
Who’s Meeting Whom
ICICI Prudential: Met Temasek Holdings on Dec. 7.
L&T Infotech: To host analyst day on Dec. 9.
Garware Technical Fibres: To meet Dron Capital Advisors LLP on Dec. 9.
Tube Investments of India: To meet Motilal Oswal Financial Services on Dec. 9, Capital lnternational UK on Dec. 10, V.E.C lnvestment Advisers Pvt Ltd on Dec. 14, llFL Asset Manaqement on Dec. 17.
Krishna Institute of Medical Sciences: To meet Axis Mutual Fund on Dec. 8, PGIM India Mutual Fund on Dec. 10, Gulf International Bank and Ask Investment Managers on Dec. 13.
Fino Payments Bank: Met with Itus Capital on Dec. 7.
Nazara Technologies: To attend Ambit Conference on Dec. 9.
IndusInd Bank: Met with Geecee Capital, Discovery Capital Management, Generation Investment Management, Matthews International Capital Management on Dec. 7.
Krsnaa Diagnostics: To meet Dalal & Broacha Stock Broking on Dec. 8.
ICRA: Met Banyan Tree Advisors and Batlivala & Karani Securities India Pvt. Ltd. on Dec. 7.
State Bank of India: Met Fidelity Management & Research on Dec. 7.
Shortlisted In Short-Term ASM Framework: Elgi Equipments, Ramco Systems
Shortlisted To Move From Short-Term ASM Framework Stage- I to II: Lyka Labs