Share Market: Action will be seen in these stocks including Sun Pharma, Infosys, Dixon, DLF, SpiceJet, prepare now
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Stocks to Watch Today: Indian market bullish phase may continue even today. Gift Nifty was trading with a gain of 0.06 percent or 13 points at 7.45 am. However, after the market closes today, important inflation data will be released in India and America. In other markets in Asia, the Nikkei and Hang Seng each rose 0.7 percent. CSI 300, Kospi and S&P/ASX 200 were also in the green, up 0.05-0.4 percent. In the US, the Dow rose 0.43 per cent, the S&P500 rose 0.39 per cent and the Nasdaq Composite rose 0.20 per cent. Meanwhile, investors will keep an eye on these shares.
Infosys:The company’s board has appointed Jayesh Sangharajka as the Chief Financial Officer (CFO) with effect from April 1, 2024, as he will replace Nilanjan Roy.
Coal India: The Coal Ministry estimates that the annual coal production will be 1.5 billion tonnes by 2029-30. By this time the production of Coal India is expected to be 1.12 billion tonnes.
Sun Pharma: The company has increased its offer price to acquire the remaining shares of Taro Pharma to $43 per share in cash, from $38 earlier.
Dixon Technologies: Its wholly owned subsidiary Padgate Electronics has won the contract to manufacture laptops and notebooks from Lenovo under the Production-Linked Incentive (PLI) 2.0 scheme.
Mankind Pharma: According to CNBC-TV18, the company may see a block deal of 7.9 percent equity today. The total block deal size is likely to be around Rs 5,649 crore. Beige Investments, Link Investment Trust, Cairnhill CIPEF, Cairnhill CGPE, and Hema CIPEF are the potential sellers in the block deal.
DLF: Group Chief Financial Officer (CFO) Vivek Anand has resigned after a tenure of four years. Anand will remain Group CFO till 29 February 2024.
spicejet: The meeting of the board of directors has been adjourned till December 12 to consider the second quarter earnings and options to raise new capital.
Mahindra & Mahindra: It produced 69,875 units in November, up 13.4 percent from last year. Total sales increased 24.6 percent year-on-year to 68,760 units, but exports fell 41.8 percent to 1,816 units during the same period.
Jammu and Kashmir Bank:The company launched its qualified institutional placement to raise Rs 750 crore. The floor price for QIP has been set at Rs 112.66 per share, which is a discount of 10 per cent to the last close.
BLS International Services: It has received the contract for outsourcing of consular, passport and visa services from the High Commission of India (HCI) in Canada. This contract covers the operation of HCI in Ottawa and the Consulate General of India in Toronto and Vancouver.
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