Stocks To Watch: GIFT Nifty on the NSE IX traded 3 points, or 0.01 per cent, higher at 21,144, signaling that Dalal Street was headed for muted start on Tuesday. Here’s a slew of stocks that will be in focus today for various reasons.
Infosys: The company’s board has appointed Jayesh Sanghrajka as the chief financial officer (CFO) with effect from April 1, 2024 as he replaces Nilanjan Roy.
Coal India: The Coal ministry estimates annual coal output to be at 1.5 billion tonne by 2029-30. Coal India’s output is expected to be 1.12 bn tonne by this time.
Sun Pharma: The company has increased its offer price for acquiring remaining shares of Taro Pharma to $43 per share in cash, compared to $38 before.
Dixon Technologies: Its wholly-owned subsidiary Padget Electronics has won a contract from Lenovo to manufacture laptops and notebooks, under the Production-Linked Incentive (PLI) 2.0 Scheme.
Mankind Pharma: As per CNBC-TV18, the company will likely see a block deal of 7.9 per cent equity today. The total block deal size is likely to be around Rs 5,649 crore. Beige Investment, Link Investment Trust, Cairnhill CIPEF, Cairnhill CGPE, and Hema CIPEF are likely sellers in the block deal.
DLF: Group chief financial officer (CFO) Vivek Anand has tendered his resignation after a four-year tenure. Anand would remain the group CFO till February 29, 2024.
SpiceJet: The meeting of the board of directors has been adjourned to December 12 to consider Q2 earnings and options for raising fresh capital.
Mahindra & Mahindra: It produced 69,875 units in November, up 13.4 per cent from last year. Total sales grew 24.6 percent YoY to 68,760 units, but exports fell 41.8 per cent to 1,816 units in the same period.
Jammu & Kashmir Bank: The company launched its qualified institutional placement to raise Rs 750 crore. The floor price for the QIP is set at Rs 112.66 per share, a 10 per cent discount to last close.
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