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HomeBusinessStocks to Watch: Nykaa, Vedanta, Adani Enterprises, Inox Green, Siemens

Stocks to Watch: Nykaa, Vedanta, Adani Enterprises, Inox Green, Siemens


The Sensex and Nifty indices are looking to open higher on Wednesday amid firm global sentiment and a decline in crude oil prices.

At 07:30 am, the SGX Nifty futures were at 18,350 levels, indicating a 70-odd points opening gain for the Nifty index.

Overnight in the US, the Dow gained 1.2 per cent, the S&P 500 and the Nasdaq rose 1.36 per cent each.

Asian indices were mixed this morning with Nikkei up 0.6 per cent and Hang Seng down 0.11 per cent.

That said, here are some out in trade today:

Vedanta: The company has announced a third interim dividend of Rs 17.5 per equity share, resulting in an outflow of Rs 6,505 crore. The company said that its board of directors had approved the dividend payout, whose record date has been fixed for November 30. Read here

NDTV: The Adani group’s open offer for additional shares in New Delhi Television (NDTV) saw no takers on Tuesday — the first day of its launch. The open offer for 16.7 million shares at Rs 294 apiece will close on December 5. Read more

Ultratech Cement: After the Adani group, the Aditya Birla Group-owned UltraTech Cement has dropped out of the race to acquire Jaiprakash Associates’ remaining cement assets in India due to lack of agreement over valuation of the assets. Read here

Telecom stocks: India’s total mobile subscriber base fell by 3.6 million in September, with Vodafone Idea suffering subscriber count decline even as larger rivals Reliance Jio and added users month-on-month, according to telecom regulator’s data. Read here

Inox Green Energy Services: The company will make its debut on the bourses today. The issue price has been fixed at Rs 65 per share.

Adani Enterprises: The company will consider a fund-raise on Friday via a public offering(FPO), preferential allotment (including QIP) or combination of methods. As per reports, the share sale could raise as much as $2.4 billion.

Wipro: The company has launched a cybersecurity consulting offering in Europe.

Nykaa: parent FSN E-Commerce Ventures’ chief financial officer (CFO) Arvind Agarwal has resigned. Agarwal will leave the company and step down from his role on November 25.

Siemens: The company has posted a 20.7 per cent year-on-year growth in consolidated profit at Rs 381.7 crore for the quarter ended September FY22 and revenue grew by 11.6 per cent to Rs 4,657.1 crore compared to a year-ago period.

Bharti Airtel: Nxtra Data, a subsidiary of Bharti Airtel, has started the construction of its new hyper-scale data centre in Kolkata. The company will invest Rs 600 crore in the development of the largest data centre in East India that will cater to the underserved of east and north-east regions along with the SAARC countries.

VA Tech Wabag: Its board will meet on Friday to consider and approve the proposal for fund raising by way of issue of Non-Convertible Debentures through private placement or any other method.

Tech Mahindra : LIC has increased its stake in Tech Mahindra to 6.87 per cent from 4.86 per cent.

Infosys: The company entered into a strategic collaboration with Envision AESC to digitise and automate processes at latter’s EV battery manufacturing plants

National Peroxide: The company plant located at Kalyan, Maharashtra, will remain shut from November 22, 2022 for the purpose of annual maintenance activities

Hindustan Motors: The company has entered into a Memorandum of Understanding (MOU) to extend the EV domain across the border to enhance the production of eco-friendly electric vehicle.

UPL: The company announced winning a lawsuit protecting the intellectual property rights for its patented Everest crop protection agricultural input.


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