Stocks to watch: RIL, Tata Motors, Nykaa, ABFRL, Equitas SFB, Suven Life

Stocks to watch today: Tata Motors bagged order for 1,000 buses from Haryana Roadways; ABFRL inked pact with Galeries Lafayette to open luxury department stores in India

Stocks to watch today: Domestic equity markets are likely to start Friday’s trade on a positive note amid steady foreign or domestic flows and softened crude oil prices. At 7:35 am, the SGX Nifty quoted 18,422 levels, up 79-odd points.
 

Globally, the US markets declined overnight as investors assessed prospects of higher rate hikes by the Fed. Dow Jones, NASDAQ Composite, and the S&P 500, dropped up to 0.3 per cent.
 

Asia-Pacific markets, however, inched higher in early trades as Nikkei 225, Topix, Kospi, the S&P 200, Hang Seng, and Shanghai Composite indices rose up to 1 per cent.
 

Meanwhile, back home, here’s a list of stocks that may see action in Friday’s trade:
 

Reliance Industries: As per Trai data, the telecom major Reliance Jio aced the 4G network speed chart of both average download and upload. Despite marginal decline in Jio’s 4G speed to 6.2 mbps in October from 6.4 mbps in September, the telecom major continued to maintain its lead in the segment. READ MORE

Tata Motors: The automaker bagged order for 1,000 buses from Haryana Roadways. As per the contract, the auto major said that it will supply 52-seater fully built BS VI diesel buses in a phased manner. The management said that the partnership with Haryana government would help in offering modern public transport to the citizens of the state. READ MORE

Nykaa: Citigroup plans to sell shares worth Rs 1,000 crore of Nykaa through a block deal on Friday, November 18. American private equity firm, TPG Capital is the seller in the block deal, which would provide 0.5 per cent discount from the ongoing rate. This comes days after the lock-in expiry for pre-IPO investors came to an end. READ MORE 

Aditya Birla Fashion and Retail: The company inked pact with Galeries Lafayette to open luxury department stores and a dedicated e-Commerce platform in India. The flagship stores in Mumbai and Delhi will bring more than 200 luxury and designer brands under one roof, said the management. READ MORE

Equitas Small Finance Bank: DSP Investment Managers Private Ltd will buy nearly 10 per cent stake in Equitas Small Finance Bank, following approval from the Reserve Bank of India. The merger is aimed to meet the RBI's licensing conditions to bring down the shareholding of the holding company to 40 per cent within a period of five years. READ MORE

Suven Life Sciences: The Hyderabad-based company has started recruitment of patients for the Phase-3 trial of Alzheimer’s drug Masupirdine to treat agitation in patients with dementia of the Alzheimer’s type. The study will enroll approximately 375 patients who will be randomised in a 1:1:1 ratio to receive Masupirdine. Top-line data from the trial is expected to be available by early 2025.
 

Future Enterprises: The debt-ridden company defaulted on payment of interest on non-convertible debentures of Rs 1.07 crore. The debentures have a  coupon rate of 9.28 per cent and Future Enterprises has defaulted on interest payments for the period from May 17, 2022, to November 15, 2022.
 

PTC India Financial Services: The company reported multi-fold jump in net profit to Rs 129.98 crore in the March quarter (Q4FY22) from Rs 25.6 crore, in the year-ago period. Total income, however, declined 15 per cent year-on-year (YoY) to Rs 968.74 crore in FY22 from Rs 1,139.45 crore in FY21. 
 

Stocks in F&O ban: Balrampur Chini Mills, BHEL, Delta Corporation, GNFC, Indiabulls Housing Finance, and Sun TV were stocks banned in the F&O ban period on Friday, November 18.