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Stocks to Watch: TCS, JSW Steel, NMDC, PFC, ONGC, HPCL, LTIMindtree, Apar

Stocks to Watch on November 24, 2023: TCS will turn ex-buyback today; govt plans to ask ONGC to consider launching a rights issue to help fund green projects at refining arm Hindustan Petroleum Corp

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Photo: Bloomberg

Harshita Singh New Delhi

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Stocks to Watch today: Sensex and Nifty indices are eyeing another muted start on Friday amid a lack of triggers from overseas. At 7:35 AM, Gift Nifty futures were flat at 19,868.

US markets were closed on Thursday for Thanksgiving, and will trade for half the usual duration on Friday. 

In Asia, Japan's Nikkei rose 1 per cent this morning after headline inflation rose to 3.3 per cent in October from 3 per cent the previous month, raising bets the central bank may be nudged to finally increase rates moving away from its ultra-loose policy. 

On the flipside, South Korea's Kospi dipped 0.14 per cent, and Hong Kong's Hang Seng shed 1.56 per cent.
 

Back home, here are some stocks to watch:

ONGC, HPCL: As per Reuters, the govt plans to ask ONGC to consider launching a rights issue to help fund green projects at refining arm Hindustan Petroleum Corp, an exercise that could raise about $1.9 billion.

TCS: The stock will turn ex-buyback today. It had approved a buyback of shares worth Rs 17,000 crore at a price of Rs 4,150 each.

JSW Steel: It has completed the entire strategic investment of Rs 750 crore in JSW Paints. With this, the company now holds 12.84 per cent stake in JSW Paints.

Power Finance Corporation: The state-owned company said it will raise up to Rs 3,500 crore through a bond issue.

Apar Ind: As per CNBC TV-18, Apar Industries has launched a QIP with issue size of Rs 1,000 crore and indicative price Rs 5264, which is at a discount of 7.4 per cent to last closing price. 

NMDC: The company has fixed the iron ore price at 5,400 per tonne and fines price at 4,660 per tonne with effect from Nov 23.

Lupin: It has announced the launch of Vilfuro-G, the world's first fixed-dose triple combination drug (FDC) for the treatment of chronic obstructive pulmonary disease (COPD) in India.

LTIMindtree: It has launched a quantum-safe virtual private network (VPN) link in London in partnership with Quantum Xchange and Fortinet on the platform. This is aimed at securing data transmission for the quantum computing era.

L&T Finance: The NBFC signed a financing agreement with the Asian Development Bank (ADB) on 23 November for $125 million to support financing in rural and peri-urban areas, particularly for women borrowers.

Siemens: The company received a GST demand and penalty notice worth Rs 23.7 crore from Belapur's CGST and Central Excise Commissionerate.

BEL: It has been fined Rs 1.82 lakh each by NSE & BSE for having insufficient number of independent directors.
 
IRCTC: It has been fined Rs 5.4 lakh each by NSE & BSE for not having required number of independent directors in the September quarter. 

Anup Engineering: The National Company Law Tribunal gave the nod for scheme of amalgamation between Anup Heavy Engineering Ltd and The Anup Engineering Ltd.  

Clean Science and Technology: The company made an investment of Rs 60 crore in Clean Fino-Chem Ltd, a wholly owned subsidiary of the company, by way of a rights issue. 

JM Financial: The company received a warning letter from SEBI for a merchant banker rule violation.

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First Published: Nov 24 2023 | 8:09 AM IST

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